Btc creating classical Descending Tringle Pattern with potential of fake breakout on Top and its look like Wyckoff Redistrubtion Schematic Descending Top - Decreasing Volume - Uptrust and Sign of Weakness - Pattern will be Confirmed if Fake breakout happen on top and price break bottom line on rejection and Pattern is fail if price close candle above UT Target...
By combining Wyckoff and smart money concept where by it works on any types of time frame, this is the daily chart of gbpusd. Most probably it'll drop till the next order block. I'm still in a process of learning more in detail for smart money concept and Wyckoff, doing well so far, hope to gain support from experience traders here. Do drop some comments will be...
Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com Additionally, this same schematic took place in bitcoin not too long...
maybe or maybe not? There might be a wyckoff distribution on GBPUSD happening. There are some area of imbalance needed to be cleared
There might be a Wyckoff happening on the daily chart of EurGbp and would crash to below 1-2weeks later. as it was on a weekly high and there were imbalanced below that needs to be filled. There is indication of LL in the market.
This is a potential wyckoff redistribution on the 15m chart, that would potentially set off a short to the 1720 area. 1720 is the final wyckoff accumulation test area for gold on the daily timeframe, and a critical pivot point for the market.
shorting EURGBP because of the correlation with my current trade im in on EURUSD im aiming for the low point of the daily for a take profit with some running profits after it hits about half way with re entrys on the way down
A clean setup with little drawdown, Good R:R if this play well
*The Pumpeye Perspective* **$BTC** If this Wyckoff re-distribution theory is correct then and we are now on our way down then the low will happen around the 3rd October and the spring around the 15th October. Today appears to be very similar to the 12th May drop and could be the start of further downwards movement if the Wyckoff pattern is true to the current...
I've just been "dissecting" TOPGLOV chart structure. It seem like we've just completed wave 4 (yellow) of wave 3 (Red Circled) ONLY!!..Just about 20%-30% left to complete wave a (Green)..So topglove price most likely will break RM9.765 within 6-12 months ..
Are you trading Gold ? We're done with our Elliott Wave plan so last Friday, Gold was fall further. So, this is Gold (XAUUSD) with Wyckoff distribution schematic. I'd like to see Gold's price downward. First Target is around 1727. What's do you think about this idea? Follow to see more in depth Gold analysis.
I simply compared the previous Wyckoff distribution pattern to what's happening right now in the BTC market. Is a mini Wyckoff distribution about to start? Please let me know what you think about it. Thank you
It looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k. Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
Almost identical fractal playing out. Wouldn't surprise me if we just copy paste this Wyckoff distribution scheme. Possible short entry around 0.66, this level is still highly respected.
Hello my beauties. I think that the USD might be distributing, on a 1hr chart we are looking at a LPSY, the moment before a Markdown (impulsive move towards the downside). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with...
Have found the institutional candle on the schematic (Re-Distribution) from the 28th August that shows some price action that needs some mitigation. Found the 57 minute candle which was the most volumest before the big sell off breaking order flow causing another Re-Distribution. Another confirmation is that this specific candle was printed during the opening of...
Initially, the rate of the first cryptocurrency was supported by news from El Salvador, where on September 7, the law on the legalization of BTC as a means of payment came into force. Now the country's enterprises are obliged to accept digital assets on a par with USD in the implementation of any transactions, which will help the population significantly save on...
Snap is potentially on its final phase of distribution. Wait for a decisive brake below the Buyers climax (BC) resistance and previous low for higher accuracy. Lets see how it plays out.