$BTC Following on from an earlier post, here is a closer up of the possible case for re-distribution. We can see from this that if this is correct then we are most likely right in the middle of the downside and are almost definitely going to see more downside. This is obviously also possible given the amount of financial unrest we are seeing in other markets...
Following on from my previous idea, here is an expanded view showing the previous chart segment and what has been transposed onto the current price action.
$BTC 4HR Wyckoff re-accumulation After some further analysis and overlays of chart patterns, I have come to the idea that this current phase that we are in fits best with the post drop accumulation and thereby that it is entirely possible that today may have been just over the half way point through the accumulation phase. The pattern seems to mirror VERY...
1. Price consolidation starting July 2021. 2. Automatic Rally (AR) with a large price drop to establish the support. 3. FCPO created ATH shows Sign of Strenght 4. Multiple Formation of Secondary Test (ST) with significant supply volume. 5. Noticed formation of the uptrend channel. 6. On 20 Sept 2021, the price drop significantly and close above the AR/support area...
Decred may be in a variation of an alternative wyckoff re-accumulation cycle right now. It's showing many similarities to the first schematic with a few variations in it. I believe it's shown a Sign of Strength and is at the initial Last Point of Support right now.
This analysis is meant to illustrate the accumulation post the August 18th selling climax and automatic rally establishing support and resistance zones. Wyckoff Re-Accumulation: - Phase A & B sideways move lasted for about 13 days, with one retest of support. - Phase C retest springs followed with sideways movement and a test and kickstart of a trend reversal. -...
Wyckoff re-accumulation phase has been completed, ranged between Feb-Aug. Targets: Aggressive target = 23050 Conservative target = 21850 Average = 22,450
Never have I ever seen distribution and accumulation phases play out this nicely. The uptrend has just begun, Bitcoin is set for new all time highs in the near future. For Wyckoff questions please read school.stockcharts.com
This pair loves to consolidate but when it moves expect some nice pips. I put a little time and thought to see the kind of consolidation this might be. To my eye, It looks more like a reaccumulation inside a larger re-accumulation. I understand price makes repeated patterns in different time frames. If this were to be the case then a 1:16 ratio isn't that bad.
This might be a reaccumulation in progress. Take partials during the bull run but the current high should be a nice place to take everything off
This is a pair I have been following closely as I have vested long term interests. Price action is slowly showing us its hand. This week I would expect reversals as the pair heads down to take out liquidity.
Has it occurred to anyone that it is rather unsettling for bitcoin to peek at this time of the year. Normally it happens in december towards January. It was hard for me to fathom how they would leave all that liquidity below. I might have solved this mind boggling puzzle for my self. I call the reaccumulation first
EURGBP has been on a reaccumulation programme for the whole of this week. The rocket fuel tank is finally full Look for buys during london session.
A jump across the creek will confirm the reacuumulation theory
Hello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a...
o Last week I thought price would go down and fill the imbalance left but boy was I wrong. Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go: We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle...
Distribution and consolidation of Wyckoff. schematically. probably faster.
As you can see yesterday retest of Phase C of Wyckoff pattern has been perfectly done, RN the main way for BTC is going upside to the local and main resistances, This is not a high volume movement to the upside. This should be slow and steady but healthy. Im looking to take profit at each local R because if this pattern becomes true, Wyckoff Phase D will be...