We're holding short positions so, here's just scalping idea.
Let's wait and see how the price reacts at these levels and plan accordingly.
We need a strong reversal structure to confirma before enter long positions.
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Let's comment below !
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Attention about this GBPJPY...
Gold's Wyckoff Analysis after a BC ( Buying Climax) move, currently on an AR ( Automatic Reaction )..Before an UT (Upthrust) and then a SOW (Sign Of Weakness) move. Before a Final Up move on UTAD ( Upthrust After Distribution)..
In this analysis, it appears bitcoin is following a previous schematic from 2020's May > July Wyckoff Reaccumulation before breaking up to where it appears we're repeating the same schematic again yet again.
If this plays true, we'll have a few weeks of a small % movement sideways trading range.
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assuming elliott wave 4 is not completed, then
the current market view is likely to be in redistribution phase and price action can take place as in the wyckoff redistribution schematic
further details available on the chart
alternatively, if elliott wave 4 is already completed then we are already in wave 5 and heading towards new ath
please note that this...
ICP/USDT
1D Chart
ICP has been moving sideways since the July bottom trading in a range.
Using Wyckoff I’ve analysed the chart on the daily candle chart and it looks to be an accumulation play over many months.
Ive identified characteristics similar to stages of Wyckoff accumulation and marked it up. Using fractals from the previous price action, I’ve pieced...
CHIA | Chinese crypt based on HDD disks
Open growth of tens of thousands of percent.
Apparently now ST B
And the accumulation process is coming to an end.
Spring probably will not see.
#crypto_logic
What Happens After Wyckoff Accumulation?
Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position.
In the accumulation schematic, the trading range represents the space between the SC low and the AR high....
The price action of USDCNY is currently establishing a major Accumulation range, as postulated by the Wyckoff Method, between the support level at 6.3450 and the 23.6 per cent Fibonacci retracement level.
The completion of the preceding downtrend, underscored by the descending channel, is confirmed by the completion of a 1-5 Elliott impulse wave pattern.
A...
Here we have a analysis according to Wyckoff accumulation theory. ICP in the last month's was not the best performer, but now it's his time to shine! If this is valid, ICP might create a new ATH in the next period of some months.
Whales and institutions change the whole scenario by using trader behaviours and they know everything better than us.
It’s been a brutal couple of weeks for the crypto market. Everything from Bitcoin to shitcoin has shed billions of dollars leading to a 38% crash across the board. The worst part is that every time it looks like the crypto market is recovering...
#ETH showing potential signs of Institutional Absorption here.
By using Wyckoff Method of Analysis we can try and predict the direction of sideways movements by using identification characteristics on the Wyckoff Schematics.
They are to be used as a general guide and paired with volume for a sound analysis of a probable direction.
Read below for some intro...
With a Pop over the Falling Wedge Resistance on a 4hr this is looking extra Saucy with the Hammer Shaped Indecision Just hovering above the blood soaked candles below up.. Like beacon to all those who want or need money its just hovering like Superman as a sign of HOPE........or some crazed power hungry alien with lazer beams that come out of its eyes, ready to...
Unique GBPJPY technical analysis
Today, we will see price action at 3 levels
If price approach with compression, it's a good sign.
In case the price shows signs of rejection of these levels,
We can wait for reversal structure to enter short positions.
And we recommend trading only when there are enough confirmations with RR from 3:1.
If you find the article...
