USDT.D Update:
The markets pulling back as expected, this is as USDT.D pulls back into the range with some momentum, creating a bearish pullback in BTC and alts in conjunction with my prior BTC and USDT.D analysis
Nothing to be worried about, simply pulling back into the range forming a last point of supply in the distribution range on USDT.D and a last point...
USDT.D Distributing as BTC accumulates.... The Perfect Storm and great times ahead in Q4 are upon us!
As BTC sets up in its accumulation range near perfectly aligned to the accumulation schematic i shared prior.
USDT.D is setting up near perfectly according to the Wyckoff distribution schematic too, which is no surprise as their relationship is inverse.
A...
1️⃣ Demand Taking a Break: After hitting its ATH with a clear UPTHRUST, the market has paused.
2️⃣ Triple Test Failure: Three tests with no significant demand generated.
3️⃣ Price Exhaustion: With the price looking worn out, we could see a move towards the $2487 liquidity zone and potentially lower, offering the supply side a chance to find fair value.
Keep an...
Unbelievable! What Would Richard Wyckoff Do if He Saw the Bitcoin Chart Today? BINANCE:BTCUSD About to Repeat History? Is the Price About to Return to the Beginning of the Year Levels?
Levels> 44k-42k$
INTRO
I have been sitting on this idea for a while and finally decided to put the pen to the pad. For the past three years, there have been signs that Lululemon's stock may be destined for a decline. This trade idea will explore the potential for a downtrend using Wyckoff analysis, a technical analysis pattern used to identify trends within a market cycle.
The...
It's forming what it seems like a distribution, if it's correct, we are probably in the phase C of the distribution which would be the best point to open a short position, either way, we should wait for a test and a confirmation before enter.
I'm Back!
- busy with some learning materials as I level up on analysis and data.
attached here is the GBPUSD
july 24 2024 trade.
I noticed supply introduced in daily TF up to 4H TF ( markets are fractal) . It makes me conclude that it will be a bearish momentum (correction) because of wyckoff accumulation last week. As I continue to monitor the charts...
Expecting XAU to be bearish for the mid-term.
**Please click on the chart for reference.
Using Wyckoff Theory, we are nearing the end of the distribution cycle. There's always the possibility that price could push back up through the top of the trading range with a UTAD. If price breaks through the TR support and retests it as resistance, I'm expecting the...
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...
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...
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...
