Trade Proposal: There is a probability of first tp to the proposed ( 68.0) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: OILBRENT is in Downtrend and It is Expected to Continue Downtrend.
AUDUSD Smart money and Wyckoff accumulation schematic example
As showed in the post of yesterday, Bitcoin created the beginning of a Wyckoff distribution. Bitcoin dipped a little below the second wave target, however, finding support on the 21MA of the 3h chart. Overnight it followed up on the 3rd wave of elliot with a 4hour consolidation around the .618 fibonacci retracement. Waiting for the small pullback to confirm the...
BTCUSD DISTRIBUTION #2 10R BASED OFF WYCKOFF DISTRIBUTION SCHEMATIC #2 miro.medium.com
Trade Proposal: There is a probability of first tp to the proposed ( 92 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: USDOLLAR Waiting for the Range Bound and the beginning of the Ascension Trend.
time will tell but very likely to happen.
After seeing some content describing the correlation between BTC's recent price activity and the Wyckoff Distribution pattern (many thanks to YouTuber "Uncomplicated"!) and seeing how perfectly they matched, I took the next logical step to project what it might look like if we transitioned directly into a Wyckoff Accumulation pattern. This Idea presents one...
Breaking of the "Ice" (the ice was support throughout the distribution) happened the other day with that sharp drop from 43k to 30k. According to the Wyckoff distribution, there is always a rally back to test that break. This is to confirm that the demand is still scarce. I speculate if the price does not break and hold above 42.5k on the daily then the markdown...
Hello everyone! In this analysis, I present the Wyckoff's theory regarding the distribution phase, some other indicators reinforcing it and why I believe Bitcoin is losing power right now. It looks like Bitcoin is perfectly following every single step of it and any trader should be cautious about it. * If you are not familiar with Wyckoff's theory, you can take...
Trade Proposal: There is a probability of first tp to the proposed ( 0.86 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: CADCHF Waiting for the Range Bound and the beginning of the Ascension Trend.
Gaze upon this comparison in all its glory! Left: 2017 beginning of Bullrun almost identical Wyckoff Distribution occurred......... 42% drop 35 days from the peak. Right: 2021 Bullrun everyone is pissing their pants over LOL. What do you know........ 42% drop 35 days from the peak. In June 2017 after this pattern played out the Bitcoin Price went on to do...
Classic Wyckoffian distribution top. You should be out of your longs now.
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
EXACT MACHT MODEL OF TRADING PAIR BTC-USD FOR NEXT MOVE EVENTUALLY RANGE BETWEEN 30k
BTC Bearish scenario. Pretty similar w/ wyckoff Distribution Schematic. Forming rising wedge n breakdown + confirmation rejection on it. BTC fails to break the resistance at 58k at last point of supply , according to Wyckoff distribution and falls to zone around 42k. BTCUSD
I think it will be a greater accumulation phase between 20k and 60k. Maybe the marketpeak will be end 2022 between 300k and 500k. That´s my favorite gameplan. Enjoy the ride and chill/hodl :)