Due to accumulation structure it will get one more pop before the drop to ~650-800 By end of Jan : min target = 1350 Goal target = 1470 max target = 1667 After hitting target it will test 1197, which is an important level it held as support over last few weeks and changed the near term perspective from bearish to bullish . Upon retest, likely in Feb a breakdown...
Due to accumulation structure it will get one more pop before the drop to ~12-13k By end of Jan : min target = 18898 Goal target = 19715 max target = 21781 After hitting target it will test 16440, which is an important level it held as support over last few weeks and changed the near term perspective from bearish to bullish. Upon retest, likely in Feb a...
- Seasonally USD is weak in DEC - COT: Asset Managers in charge of Dollar pricing - COT: Asset Managers in distribution-mode since SEP above 110.00 - S&D: 100.00 is Weekly demand-zone offering liquidity to buy back shorts - COT: images2.imgbox.com
bitcoin could close cme gap at $28,000 before any further downside action!
We have labeled the ETH chart with our Wyckoff markings.
New to the wyckoff trading methodology. Tried to apply an accumulation structure to BTC latest movements. Looks like we've found our spring and it looks good from this point forward. Would love to hear some opinions and how to improve my analysis.
Hi all. Let's start the analysis with higher TFs. This will allow us to form a medium-term view of the BTC price movement 1M TF After the price filled more than 50% of the imbalance in the monthly TF, the price got a reaction. It is 12 days to the close of the monthly candle, but if the monthly candle closes exactly as it is now in the screenshot, then the...
Hi everyone, I update again the previous Wyckoff analysis with recent moves of BTC. This is a bullish scenario supposing that BTC is in an accumulation phase. As seen in chart, we should be in phase D where we expect an LPS (Last Point of Support) to happen. This point would be at low as $19500 or $18500 (as mentionned in my recent analysis, c.f link...
According to the Wykoff chart, Bitcoin should be corrected to the desired limits and then it can exit the accumulation phase and enter the distribution phase. This chart is an analyst's idea and is not a buy or sell offer BITSTAMP:BTCUSD
Hi all, I would like to update my privous wyckoff analysis for BTC. Globally, the structure and expected planning for BTC prices are the same. This time, there is one change: The second ST as SOW (*) appeared after PPI and CPI releases. In the chart, I highlight also the schedule of the passed and future FOMC meetings (black) and CPI releases (blue). We all...
For those of you that have been following me and @Mayfair_Ventures there is nothing new yet apart from more evidence that our picture is correct. The Monthly and Weekly Elliott Waves shown are unchanged. We know that technically the Monthly is broken, but as we are not religious fundamentalist Elliotticians we don't mind. The new data we see in this picture is...
Be calm, cool and Look at the market drop. Although its the evening but this is an amazing opportunity. I defined by 2 words capital and opportunity so I am capitalising on this opportunity
Link experienced a textbook bubble, therefore I assume a textbook recovery can proceed. The best levels to buy are highlighted in green I will post updates.
Like in the Daily chart, here we see on more detailed H4 time frame. The strength has to show up, if not we are pretty much likely to go to take those SSL. Maybe even the weekly lows. Price has to speak
It has to show the Strength right know, otherwise it´s likely to go down to targets below
12hr trade last wed -seen on 1H mitigation of supply which resulted on wyckoff distro , i wait for clear manipulations of liquidity and proof of supply then i enter sell in N.Y session jan 11 2023 which resulted in 1:7.24RR but it continue to go lower invalidating previous demand level.
High possibility of another liquidity grab before BTC falls back into the macro falling wedge, and back to macrotrend support. Please beware of any rallies after this point, especially those reaching up to the 18-18.3K range. As I teach my group, these are often classic bull traps that occur past the macrotrend resistance, where unsuspecting retail traders are...
A convenient selling opportunity is giving way to a prime buying opportunity for crypto neophytes . Price on the 4 hour TF is forming a beautiful ascending pattern ,right where we are price is reaccumulating.Looking for price to form a nice 3-D pattern before sell off on the 1 hour timeframe .The last 2 consecutive down close candles on the daily timeframe seem...