Putting the Wyckoff Distribution pattern in the context of live charts with Fibonacci levels. Figured I'll publish this to use as a guide for trading entries if price continues to track it.
Since the beginning of March 24 BTC has been forming a Wyckoff distribution pattern on the 1D chart. Typically I would expect a major sell off at the end of the distribution. However, as we have just gone past the Halving there is great expectation that price will push up towards the $100K mark and possibly beyond. Therefore, I feel that this current Wyckoff...
Marvelous Wyckoff distribution happening on STX. I will only be interested once it has completed its distribution.
Hello Birdies, BTC is in wyckoff distribution pattern. I have mapped it over our fib channels to find the closest possible prices for every move which has to come. Please follow the schematics and plan. Thank
as you see, this is distribution structure. I think that we are going to make a retest on the ICE and I got a connection between indications so its looks very good. I still wont do a sell limit because I want to see the price action and let the price create my stop loss. I upload this to get comments and things that I can Improve
Thanks for taking the time to read my analysis. Today we are studying the 1H time frame for the BTC chart. I drew a parallel channel where price seems to come up wick the 71,200-71,600 levels then go back down. More likely a quick little short squeeze to wash out the levered shorts before making the next leg down. BTC loves doing this as it is a highly leveraged...
12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no...
Injective protocol after a big run seems to be in a distribution phase according to Wyckoff. I'm looking to long it again at 20$
Simple correction of GBPUSD 4h TF. -I noticed this trade starting from change of character and then BOS. Upon leaving that area, it create a market structure and small supply (can be seen in 15min/30min) After this I set a pending order. ( validity was the BOS structure - 15min) It then activated today march 14 2024. (wyckoff distro originates this move)....
Good day guys! another great trade ( pending sell limit activated last Wednesday) march 6 I started checking this pair because of USD CAD daily TF It is in area of distribution ( supply) ---> I manage to go down from 4H to 1H so I can see fluctuations and introducing new areas of supply in smaller timeframe. It took me 3 hrs to wait for proof and validity...
Whales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨...
After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand. 🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event." 🚨 Bitcoin re-entered the Wyckoff trading range. 🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.
BlackRock is making a big move into Bitcoin with an ETF aimed at wealthy baby boomers. They are a huge financial company with $9 trillion in assets under management. BlackRock bought 11,500 Bitcoins, diving into the market, expecting a big comeback. Despite the leviathan's moves, market's reaction to ETF approvals is erratic. The market is reacting to rumors with...
The Wyckoff Distribution Schematic is the most feared pattern among the bulls. Volume confirms the bearish price action. Everyone is in full greed mode with pending Bitcoin ETF approvals and the whales see this opportunity to "buy the rumor, sell the news."
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter And this is risky too. Please DYOR before entering the trade.
As you can see GBP USD is in a bullish momentum, but i see a clear manipulation of highs from 4h going to 15min TF each. So i decided to take sell trade in one of the POI (point of interest) i am seeing in the charts, of course based on proof not on speculation. After seeing validity on 1H TF , I checked again the 15minutes TF (my favorite TF for pending order...
In the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape. Chart Analysis: Unraveling the Pattern Accumulation Phase: BCH has...
ETH (Ethereum) seems to be following Wyckoff Distribution Schematic #1. Let's see if it continues....