I posted a bullish trajectory for SPY back on 10/21/2022 (linked: "Bulls Ready to Take It") - that hit the exact trajectory up to this point. The idea left off indicating that was the setup pre-breakout; this is a follow up from that with the expected path from here.
There has been major accumulation since June 2022, with 3 minor accumulation zones (hollow green...
elliott wave analysis of bitcoin on daily timeframe
the latest move/wave does not look like an impulsive move but rather a corrective move
as a result, the idea of bear continuation and new bottom occurrence probability shall not be ignored.
If it is the case, then we may assume that the market might be in a accumulation phase for extended period of time (as...
This setup can be very interesting one for scalpers, I see a clear accumulation and lows being taken out before the shift and the BOS to the upside
Will wait for the price to reach my 5min demand area and retest that zone to look confirmations on much lower timeframes
Still a risky trade because the Higher Timeframe trend remain bearish so be careful.
This analysis is for my own education, I am trying to learn the wyckoff method so please correct me if I am wrong.
We can clearly see the stopping of the previous down trend and the dominany supply.
Preliminary support (PS) is very short lived and followed by continuation of selling climax (SC).
We can see the Automatic Rally (AR) right after the...
citigroup is showing all major signs of having completed wyckoff accumulation near bottom since 2009. it has been in congestion for more than a decade now and has failed to make a new low over more than a decade. currently it is reversing strongly from the bottom of the trading range. next ten years could see it reach 500 again (10x potential)
For the incoming month of February, we plan on holding XRP on 10x leverage in anticipation of a large bullish reward potential for the months of March and April. An imminent weekly bullish golden cross will confirm a trend reversal out of the .40s and into the .50-.1.00 range for XRP.
This trade will succeed only if XRP can stay above ~.375, and is also not...
Initial Target is 256 by mid Feb.
- After initial target expect pullback to test support around 237 by end of March 2023
- If 237 holds it will markup to 365, filling gap at 321 in the process
- Bottom is in
P.S. Feed the Beast
CRWD has same pattern as rest of cyber names, needs to finish up accumulation before markup:
Breakout level 106.80
- Initial target 113 by 1/30/2023 (this will be the sign of strength)
- Backup/retest to find support at 106-107 by 2/8/2023
- First Markup target will be 123 by 3/1/2023
Gap to fill from 118-136
Resistance at 109-116
Ive seen a lot of confusion around GBP USD so i figured id share my analysis and take on it.
The simple reason why im long on GU is due to the most recent re-accumulation, for which i believe it's purpose is to push prices up to 1.26.
Anyways, Just my view of things.
Happy trading and stay in the green!!
SPY has been undergoing accumulation, markup activated 10/21 above 373.93 (will want to see continuation next week for the path to play out in timeline detailed below):
Initial Target 388-393 by end of October 2022 (SoS)
Slight pullback to 377-382 into early November (BU/LPS)
Estimated trajectory following above scenario:
408-419 by December 2022
In this chart you see how the previous cycle bottem formation look liked, we compared ADA (previous cycle bottem) VS DYDX (currently)
However previous cycle bottem formation took longer (sideways ) then currently, the pattern is still the same.
If this scenario will play out, we have a bullish Q1 2023.
I posted a bullish idea for ETH early Jan. before it broke out that has hit exactly so far - here is a larger of view of what to expect when previous idea (linked) hits its upper target (which will be initial target for this idea):
Breakout Level was 1561
- Initial Target by mid-Feb. 2023 = 1800-2000
- Then pullback to test support at 1560-1670 by end of...
Crypto - Doge against USDT. Wyckoff Pattern. SOS.
Doge appears to be accumulating. We have passed the spring and are completing the the sign of strength. The spring is the lowest point in the pattern and the SOS is usually the best entry point.
Price is currently 0.08
Volume is very low which is normal for a sign of strength.
STOCHASTIC is 46 and has just...
Currently BTC appears to be travelling through phase B of the Wyckoff accumulation schematic. I did not pick up on this myself but thought I would share the chart with you. If this is true then we can expect plenty of sideways action and finally a breakout to the upside.
To find out more about the Wyckoff schematic please check this link.