We opine that the gloves sector based on cumulative performance of Kossan, Hartalega, Topglove, Rubberex, Supermax and Comfort, is entering the distribution phase and already finished all compulsive wave for short term cycle.
This is only invalid if it breaks the ATH.
Strategy : Identify Buying Climax, BOR (Buy on Reaction). Sell at ST.
Will monitor closely.
In this post, I will be analyzing Bitcoin's hourly chart based on the Wyckoff accumulation gradient of rising bottoms.
- Preliminary Support (PS): This is where substantial buying begins to provide pronounced support after a prolonged downtrend.
- Selling Climax ( SC ): This is the point at which widening spread and selling pressure usually climaxes...
BTCUSD has formed a bearish engulfing pattern. It is in strong sell. Target is 16500
I am also expecting BTCUSD to form Wyckoff's distribution pattern so this is a sell trade plus the early prediction of Wyckoff's distribution pattern.
We will try to catch all the waves
Potential path of distribution schematic for usoil. Early in the supposed schematic and this idea is a loaded assertion, one that is counter to the mm narrative of soon to be administered (forced) vaccinations. Oil retreating again to such lows would be due to another shut down of the global economy beyond the scale constituted by current lockdowns. This...
you can see on the chart a classic btc distribution, right now is the perfect moment to short. 17800-17900 should be the max for the last point of support.
very juicy gains in the making if you take this short. i think the target will be between 13k and 14k
If you are following, please do proper risk and money management
I have been analyzing NZCHF for one month and found that it's creating a Wyckoff Distribution Schematic.
We need to wait until Phase C is completed.
You can follow this analysis if you agree and for short entries in the near future.
Please hit like and share if you agree with my...
this is the add for my other bigger picture.
we have had an buying climax, indicating the high. than we had a automatic reaction to the lower range. than the second test to the high didnt make it,
this is the first sign of weakness, also making an lower high. we came down to the bottom of the trading range. this gives the confirmation of distribution.
than we had...
we are about to correct from the parabolic rally. there is a distribution scheme between 17200 and 18400. i pointed out three target point.
the all coincide with the fibs retracements. at all of the three targetpoint coincide two fib lines at the same price. confluence in the market.
the last targetpoint would end at 618 level. this is the golden...
⛔️ Very short term bearish action in the middle of a parabolic uptrend.
Volume has not been supporting any bullish price moves... but volume has been supporting the bearish price moves on the 15-minute timeframe.
🚨 Personally, I would NEVER short Bitcoin while it's above its 200 Day Moving Average. This is for information purposes only.
💚 I'm looking to...
!*!*! Last point of Supply !*!*!
This is a Wyckoff's distribution pattern. It is at LPSY which is the last point of supply and our target is 1.3075 which is 90 pips target. It will move in lower lows and lower highs formation.
1.3075 is a good area to buy but first, we will look for any type of confirmation to buy after it 1.3075.
So this is just following a very basic Wyckoff schematic to BTC current price action. usually we see these break down, with I believe a great short entry if we get a 1/4hr close back inside the range with a TP at the bottom then take another if we fall out. Play these with caution and remove bias as we may just put in a spring and this would actually be an...
1. Sign of Weakness @ 11100, range low support
2. Upthrust After Distribution @ 11900, H&S distribution resistance. Also parallel ascending channel TL resistance
3. Distribution, LPS, and Major Sign of Weakness at key S/R of 10750
Textbook Wyckoff Distribution so far. Check out this link to a...
- Distribution Phase
- Price keeps making lower lowers
- Expecting to see Price drop around the previous pivot area
-Price is respecting the P pivot area
- Vaccine on hold
- Stimulus package uncertainty & unpredictable
After the massive distribution and deep correction ended at fib 61.8 and EMA 200, it seems that LINK's buying pressure has returned.
I expect another re-test in the demand zone after the price reaches the supply zone because BTC is still short-term to mid-term bearish.