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...
Here is a potential move on Gold to the downside, based on recent Bullish mitigation events and the fact we touched a major Weekly Supply zone, and that the bullish trend from 1680 is long due for a small correction down to an estimated 1770 or 1753. (Disclaimer, NOT FINANCIAL ADVICE)
This is a full chart of my current thinking. And the first part in many new trend charts i am going to post. NOT TO BE FOLLOWED
viewing the wyckoff schematics this looks like distribution to me. i will be keeping an eye on this when market opens
The market is gonna confuse you to buy and sell and take away all the money!! Keep trading money apart from investing money. Make a strategy and follow it. Don't gamble off your hard-earned money. DCA but with proper knowledge you know when to invest in...
The failure to generate new highs signals the start of the distribution phase. This phase displays rangebound price action similar to the accumulation phase but marked by smart money taking profits and heading to the sidelines. In turn, this leaves the security in weak hands that are forced to sell when the range fails in a breakdown and new markdown phase. This...
The BTC price continues to be observed within a Wyckoff re-distribution trading range (to be confirmed or to fail) with the upper bound given by the automatic rally (ARa) daily high and the lower bound given by the selling climax (SC) daily low. The secondary test (ST) on July 3 had a Spring-like effect, catalyzing a very nice rally (+19%) that wicked above the...
The Nasdaq 100 index (NDX) price continues to be observed in a down trending Wyckoff re-distribution trading range. The NDX price broke the support of the previous trading range on Jan 18, 2022 and the downward price move was halted several days later with the selling climax (SC) event. Here I offer two scenarios for the future NDX price: (1) a bullish scenario,...
GBPCAD Technical analysis Cause, re-distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.60951 & 1.57746 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 416 pips. SL 1.57459 Entry , sell! 1.55645 TP 1.51461 ⭕ = circle ⏹ = square 🔺️ = triangle Unit...
I made a previous Wyckoff chart too early on and I imagine lots of Bears were expecting a dump a lot earlier than how it actually happened. Now we are at this point, the situation is very clear. I can see this whole dump has been circled around the Monthly close. Now sometimes, there will be an initial Bull trap pump on the Monthly close, so I won't be setting...
Thank you Wyckoff for educating us. Please read from top to bottom. Be careful, don't trust the moon boys. You are just getting dumped on by the smart money that came in at 3,000 to 7,000. Buy the FUD. Sell the FOMO. Think long term.
The BTC price continues to be observed in Phase B of a Wyckoff re-distribution trading range. We should consider this a re-distribution trading range (to be confirmed or to fail based on market events) rather than a re-accumulation trading range as the BTC price has been in a down trending environment for the past 6 or so months. This Wyckoff re-distribution...
EURCAD Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.37680 & 1.33910 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 789 pips. SL 1.36096 Entry , sell! 1.34197 TP 1.26250 ⭕ = circle ⏹ = square 🔺️ = triangle Unit =...
OK ! lets see whats happening , (i will update this )
Did you analysis XAUUSD today? Here's a Wyckoff scenario for Gold. We have a distribution schematic in 1h time frame. What is the potential gold price target? This is estimate target of Wyckoff distribution for taking profit of short orders above. So we have safe target at 1817.5 (for above positions). We're using P&F chart & measure movements. Today, we'd...
We've been bullish with GU since mid-may. Now the price is reaching 1.27-1.28 area possibly forming a distribution structure. Once we'll have reached that supply area, we'll be looking for SELL opportunities, but only after the price gives us signs for that (Break of Structure to the downside), pull back to the area and then entry. However, if the price goes...
EU is reaching a significant daily resistance zone between 1.08 and 1.09. If it manages to reach 1.085 we can start seeing some more signs of potential distribution here (+fib 0.618-0.786 area confirmation). After that we'll start looking for SELL positions (preferable once we've broken the upcoming structures to the downside). If that happens we can see the...
Bitcoin appears to be following the Wyckoff Distribution Schematic #2 on the 3 Day Chart.