Hi guys, so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down in the very near future, maybe in the...
🚨 I am NOT shorting Bitcoin. 💡 This is for information purposes only. 👍 I will look to accumulate Bitcoin when it finds a bottom! Head and Shoulders Reversal occurred at the Up Thrust After Distribution...
At first, BTCUSD made accumulation # 2 but didn't rise up much. Now it's in Distribution this wave will continue to the downside. Hit like for support and follow for many more upcoming accurate pips.
Wyckoff distribution theory states that there is a proportional effect for every cause in the market. Thus, after every accumulation phase, there is a markup, distribution, and finally a markdown phase. More specifically, each phase has its distinct characteristics The current Bitcoin price movement closely resembles the Wyckoff accumulation phase, which occurs...
After seeing 100k calls from CT, here is very possible scenario based on wyckoff logic, market phases. Numbers are ETA
Beautiful Wyckoff Distribution Schematic 1 on the weekly timeframe, price is now creating the LPSY which will break the ice for the next drop to occur sending price on a markdown. Nice Smart Money Sell Setup. They tricked dumb money into buying allowing them to enter sells at discounted price levels. Price has settled below the WAP where it is now creating the...
From September 2018 through to May 2019 this stock was in a re-accumulation phase. You can see there was a sell off in September when supply it the market and the stock pulled back. From November the stock hit support and from there we started making higher lows. We took at the top of the trading range in late February where we a sign of strength. The stock was...
This is turning into a very nice example of a Wyckoff Consolidation pattern in my opinion for Crude Oil. My bias is this is forming a distribution pattern with the BC, SOW, and UTAD in place. I have indicated Elliot wave counts and have EW projection for the move downward. Jan options expires tomorrow and have price pinned at around 57 +/- 1 so it is quit...
1D - Shows consolidation toward resistant. 1HR - Consolidation headed toward PHASE E (mark-down). Currently giving us a confirmation. 15MIN - Flag has been formed with candlesticks respecting new resistance. OVERALL - Currently in last few stages of distribution; waiting for markdown.
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and Mark Down. Two Rules of Richard Wyckoff The Wyckoff theory is based primarily on price action and the different cyclical...
If you guys saw my other BTC post (link: ) then you would know I had been mentioning this distribution schematic for some time, and we have now broken below 9k giving it a lot more validation. We are now trading under 8750, and price is looking quite bearish. I think this 8k range might be just a temporary stopping point before we eventually head down into the 7k...
Liquidity captured and now we're looking for a run to the downside. We should see 1 more move to the upside for mitigation to happen before the big fall. Wyckoff distribution schematics playing out well so far also. As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
Were getting close to our ultimate distribution zones and I'm looking specifically at 3 possible entries for this to fall long term. Wyckoff distribution phases playing out quite nicely also. so sometime this week we should see the drop off to the open orders from the 31st July 2019 starting the price level of 1431.25 It's nearly go time! PATIENCE - CONFIRMATION...