This is for short term
Marked Possible Sell zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
Sometimes it seems one week in the world of crypto moves at the speed of three months in the traditional markets.
If you recall, last week Cameron Winkelvoss called out Barry Silbert of Digital Currency Group (DCG) for potential solvency issues and potential co-mingling of assets between Digital Currency Group (DCG) and Grayscale Bitcoin Trust (GBTC). It would...
I have always marveled about how projected price movements from TA oftentimes capture some unspoken truth not widely shared in the market – both good and bad news.
In that vein, if you have not had a chance to read about everything happening between Tyler & Cameron Winklevoss the Gemini cofounders and Barry Silbert the CEO of the Digital Currency Group (and by...
As this is something we've discussed live extensively during streams, I wanted to take a moment to outline a "live" setup for Wyckoff Redistribution. In this instance, the target is Litecoin ($LTC). First let's discuss what Wyckoff Redistribution actually is, starting with a link to the pattern itself .
Wyckoff Redistribution is a way to truly make sense of...
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...
So I've been wondering how to differentiate between accumulation and redistribution. Today I realized that it's possibly just a matter of watching what happens after the sellers climax / Spring:
If after the SC we directly get aggressive AR (breaking previous Lower highs) and some STs (AR morphing into BC) then we'll wait for the UT and know we've switched...
elliott wave analysis of bitcon on daily timeframe
looking at the chart there could be a possible zigzag formation (5-3-5 structure), labeled with red ABC on the chart
currently, in lower degree abc correction is in play and wave B on higher timeframe.
depending on abc formation, here is what to be expected
- if abc is forming zigzag formation then we may...
Last week's price has been steadily rising up, showing some signs of Wyckoff's redistribution.
We're patiently waiting for the price to reach the 0.756 area, and if/ when that happens we'll be looking for SELL opportunities (expecting the price to reach 0.747 area). But we'll have to see a clear Break of Structure to the downside first (possibly on the lower...
The purpose of this idea is to give beginner analysists a introduction to some key principles and methodology used in understanding the movement of price within markets. One of those key principles is Market Phases, and we also use the Wyckoff Method to help us understand these Market Phases further....
Looks to me like BTCUSD is in a symmetric triangle pattern, which tends to follow the current trend (which has been down) before continuing onward. There is a possibility of reversal, but symmetric triangles typically continue the current trend. If this were an ascending right triangle, I'd see it as more bullish. If it were a descending right triangle, more...
It's hard to tell which phase of the Wyckoff Cycle Bitcoin is currently in, but if Bitcoin is currently in Re-distribution, then there could be a fakeout above the trading range (around $48k) before the next leg down.
At the moment, I'm calling for a fall on BTC to a new support level at potentially $40,000.
The current range has formed a descending triangle in what I am seeing as a re-distribution trading range.
Noted a few things observed on my chart
*The volume spikes during the development of the TR. Both exhibited bullish behavior that eventually fizzled out into the...
BINANCE:BTCUSDT
Wyckoff PnF (Point and Figure) chart calculation (1 box reversal, $400/box) for the previous Distribution that completed on Dec 3rd, provides drop target of -12000. This is almost EXACTLY how low the price dropped out of that Distribution. I'd say that pretty much exhausts the Cause built up in the previous Distribution, so I am assuming that...
Well! well! WellLook at what we have here EA has a offerred an amazing text book re-distribution pattern that I am very much in love with.
This is basically Free money loading.
Happy charting, Have a blessed week y'all
Btc creating classical Descending Tringle Pattern with potential of fake breakout on Top and its look like Wyckoff Redistrubtion Schematic
Descending Top - Decreasing Volume - Uptrust and Sign of Weakness - Pattern will be Confirmed if Fake breakout happen on top and price break bottom line on rejection and Pattern is fail if price close candle above UT
Target...
Potential Bearish Harmonic Bat Pattern, along with Wyckoff redistribution on DXY. I see one last push but it most likely will be short lived. Time to start recalculating blue chip stocks, Bitcoin (cryptos), Gold, Silver and hodl. It may be a hell of ride. Time will tell
