Initial near term target is 385, point 381, lower target is 374 Could bounce from support in that target zone but if breaks below then likely will see a double bottom around 350, worst case more capitulation toward 300-318. Bigger picture its still trying to complete wave IV and begin wave 5 (which will result in new all time high in 2023). But we're not there yet
* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after...
Hi guys, So bullish news on Bitcoin, which means we should all buy now, right? Bitcoin is pumping and now we're getting on our rocket ships to mars. Not so fast. Rishi Sunak has become the Prime Minister of the UK, and it is said that he is a fan of Bitcoin and used to be an institutional trader, which is very good news in regards to the British economy and...
This is for Long Term And this is risky too. Wait for forming UT and UTAD . Wait for BOS UT by UTAD. Enter form the Broken support Area. Please DYOR before entering the trade.
The structure is broken Wait for price to reach LPSY zone then Enter Before entering the trade DYOR
Wait for BOS This is for short term And this is risky too. Please DYOR before entering the trade.
Supply is predominating in the current trading range for ETH, which denotes a potential redistribution range. And not only predominating but emerging at key junctures where demand should show its cards if a markup were on the books.: areas like TRR (range resistance) and TRM (midpoint 0.5%). It's not clear how deep the distribution can range, but things are (for...
I believe this is a macro top on ETH-BTC and that we are going to break down very soon. In addition, all of the poocoin bag holders are complacent. Ready to get rekt as bitcoin sucks in all the liquidity. Bitcoin pumps and alts lag from here.
XAUUSD in the last phase of distribution (Phase E) and at a Demand zone get get ready shorts may come soon
Hi Traders, This is my view for this week on USDCAD: I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal. I remind you that this is only a forecast based on what current data are. I really hope you liked this content and I would like to...
The topping phase of BTC during the 2020 / 2021 bull run is A Typical of Wyckoff Distribution characteristics (see below link for more information). Wyckoff Distribution: school.stockcharts.com Following this price fractal suggests we are firmly in Phase E. The only question that is remaining is are we in our last consolidation / bear rally before one last...
During the early stages of the LDN session, we have swept the Asian session highs and lows which is typically what I like to see when entering a trade like this. LTF supply area I am targeting for entry. Let's see if we get tagged in and where we can get to if we are tagged in. Safe Trading!
We're in phase B, also support zone and harmonic pattern. I am expecting a big upside movement to 1.5. We set buy position. SL: 1.08 TPs: 1.36, 1.46, 1.58
It looks like we are in the final phases on a wyckoff distribution.
Price failed to push above the daily resistance level and has been forming WYCKOFF DISTRIBUTION on lower tf. With also a QML pattern formed at the confluence with an m45 supply zone gives us a more selling directional bias.
Wyckoff Distribution in Dxy and Bearish RD in weekly looking to hit the lower end of the rising channel
GOLD D1 Chart Analysis using #Wyckoff distribution, mapping gold pattern to Wyckoff distribution price cycle. Let we see more possibility in gold trading.
Wyckoff Redistribution to 22.8k First, the fundamentals: Bitcoin is currently in a clear distribution phase, as supported by volume and the fact that big players are selling and small players are buying (seen by the amount of BTC wallets holding BTC increasing, with those wallets having smaller number of BTC in them). Next: A shark pattern has emerged on the 4...