BTC very clearly followed a support line that broke leading to the flash crash we recently saw. This came after a textbook Wyckoff Distribution phase that lasted about a month or so (please google "Wyckoff distribution" to see related images). The Wyckoff Distribution has been completed and we now move on to the next phase; accumulation. For the last 6-7 weeks...
USDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders. The accumulation cycle has been completed and we are now looking to be very bullish This is a swing trade and positions will be added along the way I will make a follow up post and leave a link here for my short-term perspective.
What is the Wyckoff Method? The Wyckoff accumulation is a century old form of technical analysis created by Richard D. Wyckoff. It is based on the principles of supply and demand. According to Wykoff there are two main phases in a market cycle: The accumulation phase and the distribution phase. f this was our Wyckoff spring moment then July could be very...
Distribution and consolidation of Wyckoff. schematically. probably faster.
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I guess this explains everything Go have a look at Wyckoff's theory on google, things will start to make sense Get ready for the next bull run Keep buying more during the dip, it's just at a discounted price, and keep holding - do it for the long term HOLD HOLD HOLD!!!!!!!!!
To the people that follow i might do request on TA for any pair side note no meme coins please but i might still do it. Get them Sats.
I still believe this is a re-distribution. Targets and Invalidation clear in the chart. Lets see how it plays out. Trade safe and manage risk. ARMTrades
We are in phase B. This means that we have to do nothing! and wait for more information and getting to phase C.
Large Wyckoff Distribution pattern still in play, but not yet confirmed. BTC still looking weak in the 1Day, we're not out of the woods yet.
Here is my analyze of BTC price action, from wyckoff to chart pattern and trend analyze. Hope it is helpfull Have Fun and trade safe.
Hello everyone, rouzwelt here Well I have demonstrated Wyckoff Backup Action Events in my last idea as you can see in the screenshot below (full article link at botttom of page), and as of right now we have seen clear rejection from our resistant line at 32300 (PS) , and price action is showing that it's weak and can dump more. and the projection I have shown in...
Hello everyone, rouzwelt here As I demonstrated in my last idea which you can see its screenshot below (Full Article Link Bellow) that we need more info and more candles to get printed so we can begin to say wether BTC is in accumulation or redistribution phase. And right now after BTC failed to break Last Point Of Supply and rejected, we are seeing a lower low...
I have been looking closely at the price action since we have fallen down to 30/40k area, as I have demonstrated in the chart as you can see the wyckoff phases, right now as we have bounced from the lower 30/29k area with a wick it may be an early sign of spring, and as we know it if its a spring we should see a macro higher high, that means btc must break 42k...
Micheal Barry, Warren Buffet among many others have been predicting a market crash. Bill gates has sold majority of his stocks and many other big market players are withdrawing. The USTech100 and Us30 follow the same trend as the Nas100. Gear up for a nasty ride down.
I will be using this for study purposes only since the move is slagish and worth very few pips. Distribution occurs in many forms, The above distribution has a leading diagonal to mislead buyers before tanking. We are most likely in the last point of supply at the moment
The Bank-of-Japan after concluding a two-day monetary policy review meeting on Friday, kept its monetary policy settings unchanged as widely expected. BoJ kept its 10-year Japanese Government Bond (JGB) yield target around 0% and a short-term interest rate target at -0.1%. The central bank extended the pandemic-relief program beyond the current September...
Learning Wyckoff so may not have all the labels correct. Only issues is the SL is too high but best I could do on 1M TF.