(A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR....
The rally is coming fellas buy now
Price is willing to go up as AUDJPY has shown sign of strength. The next point of interest would be around 85.500 as we look to fill an imbalance
Trade Proposal: There is a probability of first tp to the proposed ( 0.87 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: TWTUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
$BTC & Wyckoff... Will it play? Who knows, but this is fun! Google it.
This is my first time publishing an idea. I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images. I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn. From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC...
What do you think plays out? This is the same for $BTC and most alts right now.
The classic forex-like behaviour of BTC this week seems to continue playing out. Sunday/Monday: stop hunt rise and drop Monday: false move week beginning, a drop lower Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt Early Wednesday: midweek reversal, top of the pattern Mid Thursday: second leg of the...
Hey guys, just me 2 cents about the current situation. Looks like on on point to me :) Best redpunk
As we can see the Wyckoff schematic still holds correctly, after getting rejected on the .618 (the second pink circle) last night we are currently testing the support of the .618 fibonacci retracement of the first wave (may 23rd to may 24th). This in combination with the support that was created by the low on 25th of May. If the support holds we could expect an...
Hi guys, just wanted to share an updated version off the Wyckoff accumulation. We we see resistance around 3k I would say it is very likely to play out like that. Because ETH is so bullish its possible that we won't touch support but only go to the green area.
Still new to this, but for now seems like we are following a Wyckoff accumulation. Confirmed Phase A, looking to reach Phase B levels.
possible spring might have formed at $17. If price rally up to $24 in the current bullish trend, support will be formed at $18. If not we will expect price will drop to ~$15
If right now, BTC is being Accumulated, Wyckoff method
I am simultaneously publishing Wyckoff Accumulation micro and macro analyses. For a full writeup of these analyses, please visit: www.booyahtraders.com
I am simultaneously publishing Wyckoff Macro and Micro Analyses of bitcoin prices. For a full write-up of these charts please visit: www.booyahtraders.com
GBPUSD ACCUMULATION LONG IDEA PT5 IS 4.75 RR BASED OFF OF WYCKOFF ACCUMULATION SCHEMATIC #2 medium.com NOTE: SCHEMATIC #1 CAN STILL PLAY OUT WITH A SPRING THAT BREAKS LOWS OF ST(B), THIS WOULD PROVIDE OPTIMAL ENTRY POINTS WITH A TIGHTER STOP
Trade Proposal: There is a probability of first tp to the proposed ( 68.0) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: OILBRENT is in Downtrend and It is Expected to Continue Downtrend.