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Last night in the Discoed server, the group had a discussion about Wyckoff method. I decided to apply the schematic for a possible accumulation scenario at this recent low point of $8,000. Join us to find...
Check out the stock of the week!
ISRG Completed Re-Accumulation Trading Range and starts to outperform
Pattern Confirmation: Rally above $600
Pattern Failure: Close below $475
Trading Target: $510 count line + (29 boxes*3 reversal* $5 box size)=$895
Happy trading, Roman
CURRENT ENVIRONMENT: DOWNTREND
WYCKOFF EVENT: UPTHRUST + TEST
CURRENT BAR: Synchronicity to the downside.
WYCKOFF STORY: Temporary absorption in October. Demand comes in, but supply still persists in the $19-$20 level
FIRST TARGET: Upsloping support
INSTRUMENT: BNBPERP on FTX Futures
CRYPTO MARKET OUTLOOK: SHORT TERM BEARISH
SHORT SELLING CANDIDATE: LITECOIN (WEAKER THAN THE MARKET)
CURRENT ENVIRONMENT: DOWNTREND
SETUP CONFIRMATION: CLOSE BELOW LOCAL SUPPORT IN RED
INSTRUMENT: FTX FUTURES
Follow Alessio Rutigliano's blog on WyckoffAnalytics
Hi everyone and welcome to my analysis.
It is once again hype time for many alts and Bitcoin is volatile and thankfully this time a lot of cryptos show finishing accumulation signs.
As a start, we can look at XTZUSD to see the beautiful Primary wave I of a larger bullish trend. Alternately, this might be an ABC bullish...
Outlook: The downtrend is still in play.
Tepee formation: Urgent Distribution in Phase A, Inactivity, Excitement but poor result to the upside (Upthrust of the downsloping resistance)
Bearish confirmation: FAILURE OF THE TEST
1999 POINT AND FIGURE ANALOG
2,225 count line + (39 boxes*3 reversal*25 box size)=5,150
Actual intraday high reached on March 10, 2000 = 5,132
CURRENT POINT AND FIGURE CHART
Campaign segment #1 target:
7,360 count line + (11 boxes*3 reversal *80 box size)=10,000
Campaign Segment #2 Target:
6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232
Box size is...
Here we are trying to analyse the Elliot Wave for Pentamaster.
We combined with fibonacci projection to finetune the analysis and we found out that the current price is at the end of wave 5, with the assumption of wave 3 extension.
Also the green lines, show the target price based on Wyckoff Law Cause and Effect.
In this Analysis I will explain why my thoughts on GBPUSD are short based off the Wyckoff Trading Method.
Wyckoff Price Cycle:
His idea came up with the four market cycle stages. This should illustrate the planes and the movements of the big players in the market.
1) Accumulation: The big players buy carefully
2) Mark Up: classic Up Trend
3) Distribution: Up...
Hi folks and welcome back to my analysis.
I just noticed that both the bitcoin and dollar crosses for XTZ are positioned for an up move, and since it is in line with our previous analysis on bullish continuation and it'd be a good idea to share it with you all. (link here)
Seems like on the right, our tezos created it's phase C low, and quickly and derisively...