Bitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs). Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more...
Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. Interestingly, the last 3 transitions from Wyckoff re-distribution Phase E to Phase A were similar. In all 3 cases, we observed a climatic level of volume. In all 3 cases, we observed sell bars with a large spread. The percent change in price for...
Bottoms are usually resultant from increased effort and less result. The current candle suggests that a bottom may be forming for a bounce at the least, if not a full reversal. We will need to see how the daily closes.
Let me start by saying this is not financial advice and this prediction is purely based Wyckoff Accumulation theory. Current Bearish sentiment and global financial state could change everything anytime so please DYOR before making investment decisions. Also please do not take the price point and timeline literally because this is a pattern prediction. This...
This chart builds on previous ideas I’ve shared regarding the BTC price action since October, 2021. In a previous publication, I stated that we likely had observed a shakeout (SO)/sign of weakness (SOW) in potential Phase D of Wyckoff re-distribution. I presented a scenario that would confirm my idea (solid red line). According to this scenario, we would observe a...
As I've mentioned on my stream, a breakdown below the current wave C low at 32933.33 just invalidates that particular triangle. There is the possibility that another triangle could be printing in that scenario as shown in this chart. Wave C could still be in progress. However, it would need to reverse prior to the wave A support at 28800. Breaking down below that...
GBPUSD Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.26179 & 1.24113 demand zone . Supply greater than Demand! Implications, bearish! Pattern Rally base Drop! Effect generated by approx 300 pips. SL 1.25162 Entry 1.23318, sell! TP 1.20000 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕...
Wyckoff and Elliott Wave analysis signals we may be seeing a triangle completing. This is the chart I've been discussing for quite a while in various public live streams on YouTube and Twitter.
Here we take a look at a few opportunities Thursday and Friday as well as give an idea of what might happen next, cheers
no demand after the distribution zone after the distribution zone we see a check of the herd on the rise in the form of no demand
An example of my deal When the euro was well caught against the dollar on the lack of demand in the liquidity zone
Accumulation zone at 12 o'clock The price is in the high volume bar zone Spring at 12 o'clock Phase C Accumulation Confirmation Looking for entry point
Eyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return. Also, the sellers failed to...
As the Crypto bullrun possibly comes to end, there have been suggestions of a third run to 72k - marking the wyckoff distribution pattern and the retest of the All Time High (69K) and then back down. However, with Bitcoin and Ethereum rejecting 200MA's and 200EMA's on the 1D / 4Hour charts with weak buying volume, this is becoming less and less likely a...
Price action for XDB from March 14, 2022 to the present has been pretty remarkable. From a Wyckoffian perspective, we observe a hyperdermic distribution after the buying climax (BC) on March 23. The red arrows point to volume spikes. In these 3 instances they illustrate heavy selling. It’s possible that we have observed a local selling climax (SC) on April 7. If...
This chart builds on my previous ideas that I’ve shared regarding the BTC price since October, 2021. It appears that the BTC price has been observed in descending stepping-stone horizontal Wyckoff re-distribution trading ranges. The down trend was stopped on Jan 22, 2022 with a selling climax (SC) and the BTC price entered an upward sloping re-distribution trading...
BTC SHORT Descending Triangle Currently in a Bear market, This is a Bear flag to my beautiful eyes. Risk reward 1:2
Hi All, #Wyckoff Method #GLMR #GLIMMER #MOONBEAM If you followed my posts, even better our group, you would have made some gains with this. Just wanted to share how accurate this Bottom reversal was aligned to one of Wyckoff accumulation model. Previous posts below. Please like and share, All the best, S.SAri strong resistance level 1.618