Bitcoin is finishing Phase C of our wyckoff distribution schematic #1. This indicates that whales have been selling bitcoin all the way up. Good chances we have finished the upthrust after distribution (UTAD). 03/24/23 Preliminary supply (PSY) 4/14/23 Buying Climax (BC) 4/24/23 Automatic reaction (AR) 06/15/23 Signs of Weakness (SOW) 07/13/23 Upthrust (UT) 11/15/23 UTAD
My assessment of the current consolidation pattern for the S&P 500. 15 minute chart so just under the limit for publication so this will pan out fast. Buying climax occurring on higher volume and subsequent rallies on lower volume. UTAD is testing demand and looks like there was a wide range price bar with low volume which may be signaling that demand is...
This is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences...
Hello traders! In the past 2 weeks, Bitcoin price tried to test the 36000 price range and accumulated in the 33000 to 36000 range until now. Last weekend we also witnessed the action of whales transferring a large amount of Bitcoin to the exchange, which signals that there will be large price fluctuations in the coming weeks, most likely a profit-taking action by...
Well, I wish that I could tell you it was easy, Just take the paved road right to paradise But the truth is my friend, the pain and suffering never ends Make amends with medicine, amnesia, and lies The grains sift coarsely through the hour glass And they pound like boulders on the brain All those things you did for fun, Never hurting anyone, Careless shadows in...
Hello traders! As of the October 31 analysis, Bitcoin is still in the distribution zone and is in phase B of the distribution phase according to Wyckoff. The event that the FED kept interest rates unchanged did not create any significant boost but created an important price action for Bitcoin during this period. Excitement over Bitcoin ETF news is over. “Buy...
Hello traders, here is the DVD! Last week saw a strong increase in price of not only Bitcoin but also the crypto market in general. The bullish story stems from market-wide excitement about Bitcoin ETFs soon receiving approval from the SEC. There are many big players in the financial industry who have applied for approval to the SEC such as: Blackrock,...
Bitcoin has been on quite a journey, spending over 200 days locked in a range-bound pattern. But, as the saying goes, "good things come to those who wait." Bitcoin has finally made a breakout move to the upside, and it's got its sights set on an ambitious target of $40,000. However, it's essential to recognize that it will likely need some time for reaccumulation...
On the Bitcoin 1W chart, we can see a clear resemblance of a Wyckoff distribution that could cause BTC to have a healthy retest, at least to the $30,600 area, in the upcoming weeks. I personally don't believe we will go below $25,300, as coming up to the halving, a significant drop like such would be very rare.
The chart reveals that as Wyckoff's principles have begun to manifest, most of the signs have become evident. We anticipate the possibility of further accumulation, possibly another spring due to recent developments regarding the war. However, the overall picture is quite clear: there is a notable price surge on the horizon. If you decide to trade on this,...
I have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the...
Bitcoin seems to be going through a Wyckoff distribution scheme #1. We are probably in the last stage of completing the top with the third drive of the three drives pattern. Whats to come is a drop probably retesting 19k level within the next few months.
What if BTC is printing the Wyckoff Distribution Schematic?
Although on the H1 there's a short rally, on the higher timeframe such as 4 hours, there's a peak formation on the tip of the LQP. Since the high of the week is established, I don't expect GBPJPY to rally any further to touch the high of the week. (At least this week). My eyes are on the next MLQP, 180.000.
This is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area...
Price is currently consolidating and this is the best time for the markets to generate liquidity before shifting with the next move. Will the Bears get their stops wiped out before shifting in their favour? Or will the Bulls take charge and change the trend?
A lot of volume and volatility on the upthrust, nonetheless bears are clearly on control (Bigger tfs bearish).
On the daily timeframe we can see a range by Wyckoff - it's an accumulation. The liquidity at the bottom side got sweeped in second time, fulfilling the 1D imbalance. Also we can see a divergency by RSI. To be sure, can wait until the price comes back to the range, and then open a trade. On futures chart, the price is already got back to the range.