LTC broke down from it's 0.618 fib, and has now found support on 0.768. Its oscillation with BTC has graphed a wyckoff distribution cycle, which currently will be turning to throwback for a retest of 0.01 BTC. Several market signals point to a local bottom having been reached. CMF is showing bullish divergence on the daily for LTCBTC, and BTC has reached its...
Making the case that the market has been in distribution of the USD since early in 2015 when a buying climax (BC) occurred. Since then the USD has been in a trading range with Signs of Weakness (SOW). Most of 2016 low volume adsorption occurred with an upthrust using the presidential elections as springboard. In 2017 we have seen signs of weakness with increased...
Medium term trend analysis based on Distribution Schematic #1 of the Wycoff method and that the possibility that the ~6200 high was the end of wave V of EW analysis. Please read the stockcharts link below to understand the labels. In terms of signals, long term wavetrend analysis has been oversold and has been displaying bearish divergence since May. The RSI has...
btc i am noticing same thing that happened earlier in year wyckoff distirubtion matching not the time to buy end game at near 6k (bull trap) if it breaks it wait tillyou get signal ad go short
Just jotting down some quick beginner thoughts on the XRPBTC daily chart. - Potential Wyckoff accumulation in play, nearing Phase C pending spring. - Large panic/anger dump following the lack of major announcements at the SWELL conference, seems to be an overreaction. - Support levels are quite strong around 3500 satoshis, seems to be the local bottom. -...
BTC has now reached the 2.618 extension of wave 1, and is showing bearish RSI divergence on the 4 hour. These two factors make Wyckoff distribution cycle which is currently setting up more probable. If the lows of 5450 break, Bitcoin will likely continue downwards toward 5000, for a .384 retracement retrace of Wave iii. This is a swing trade, which is more or...
Using a Wyckoff view the EURUSD has completed the jumped of the creek and we are now looking for a back up to the creek in phase D. A volume climax is seen and the uptrend stride has been broken. A low volume pullback to the creek is anticipated before the start of the mark up in phase . Distribution is seen on the daily time frame also confirming the pullback.
OANDA:GBPJPY $GBPJPY , Selling pressure is shown since 15 Sep'17. Great Weakness also shown at 25 Sep17. the pattern is making Trading range here. I am shorting here first and see if the price can break 149.70 low to confirm distribution pattern after long bullish in 4hrs chart. Daily chart show that GBPJPY just break the trading range, and that confirm for...
short btc as you can see smart money was selling all along according the wyckoff theory lpsy is last point of supply where smar tmoney dumps into dumb money that 4k floor was holding because smart money wanted it to hold
A more advanced look at my eurjpy short as a possible harmonic move. Could also be seen as an ABCD pattern, in which I'm shorting at C for a move to D. The signal was the RSI divergence and likely distribution at the top of the channel. The channel could have been drawn back in April. There are plenty of reasonable price targets visible based on how long a person...
Bounce on the up trendline on 1-4H, wyckoff on 30min chart. Sl under the bottom of "head" of wyckoff tp variable.
Price entered supply zone and hit a new high but couldn't sustained it, creating an upthrust pattern. Go short with profit target at demand zone
On M15 red arrow shows no supply signal. Next candle closed higher, which confirmed the signal to go long. I'm bullish for today London session.
I've been studying Wyckoff for a while now, but I have a renewed vigor in the last few weeks when it comes to bitcoin. Much of it is easy, but I always have trouble when it comes down to re-accumulation or distribution - or flip side, re-distribution or accumulation. Anyway, long story short, i think the strength of the spring says that this is not a...
Going into the Bitcoin Cash fork & SegWit activation, this looks to be a likely scenario we will face. Please ensure you store your Bitcoin in a Bitcoin Cash supported wallet if you have any intention of receiving the forked coins. Method Analysis: 1. Accumulation: A sideways range in which institutional smart players buy carefully and skillfully, without moving...