Due to tons of dillution, wyckoff patterns can be hard to spot on the price - however, i noticed that the monthly RSI had some pretty large similarities. This would suggest the markup phase would begin Late Q4/Early Q1 2022.
After a first wyckoff spring failed trial, NYSE:NIO is showing a 5 waves technical pattern that generally introduces a trend continuation. Wyckoff Spring is not over yet, we might expect a spring if the market's conditions are good next week. For me this trade is worth trading with a nice risk/reward ratio with a stop-loss just under previous low and 55 simple...
Wyckoff spring: 1) Takes down previous high 2) Consolidates above it 3) Fails to make a new high 4) Breaks support and run stop-losses 5) SPRING ! Stop-loss below previous low.
Wyckoff spring: 1) Takes down previous high 2) Consolidate above it 3) Fail to make a new high 4) Breaks support and run stop-losses 5) SPRING ! Stop-loss below previous low.
Esperando al efecto del pullback para mantener una posicion larga
esperando posicion mayor a la baja tomando como ventaja el pullback
Richard DeMille Wyckoff was a famous stock trader and investor, born in the late 19th century (1873–1934). Wykoff was a pioneer in the technical approach to stock market research. Wyckoff’s analyzed these market operators and their operations and concluded where risk and reward were optimal for trading. He shows the position of stop-losses at all times, the...
So this is a rather simple look on why we might be in for a good bull-run, i'm open to critique as it's easy to bite into the FOMO Wyckoff acumulation w. spring (Looks like it) Strong multiyear trendline Broke out of triangle Broke out of channel Weak usd Overbought SPX500 (closing in on psychological 3000, which might cause selloff) China-usd tradewar...
WYCKOFF SPRING AREA AND ACCUMULATION
#FETBTC $FET #FET Wyckoff SHEMA SPRING POINT BULL RUN IS COMING
*Idea only. Not a recommendation to buy or sell* For potential longer term picture, check first idea linked below. Feel free to look at my other posts as well.
Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and...
It looks like we have small accumulation on 1H on the bottom of Spring from my first analysis. I don't think it will be spring on this interval.
When I got to thinking about the Wyckoff Events, I thought about this as a possibility most are not considering (where April's low was just a Secondary Test). Complete Theory but we will know soon enough. Keep an eye on the resistance areas in case we start pulling back.
Bitcoin is in Wyckoff Schematic #1 Trading Range, it has bounced from the Spring at around $5800, and we'll continue to go higher. Our two main resistences on the way up are: (1) $6600 (2) $7000 $8000 will be our bull trigger. If we go above $8000, I believe we're going for much higher levels, and if we get rejected at $8000 we'll go towards lower levels down...
Triple bottom, large penant triangle and Wyckoff signal in play for Bitcoin, which could bring it to an epic high ! So, hold your pants! Of course there is also a possibility for a very quick 5k test, but again that will make a V formation which will trigger the bull run even more violently!
I am expecting a bounce up soon but still have a bearish on BTC. My strategy is on the chart. Good luck !
Datetime : 23 Feb, 20:47 Berlin Time What is the current state of price movement in the trading time frame (4H) ? It looks like we are just concluding the second leg of the downtrend (including pullback) and just starting the third leg. Pullbacks are lasting for 3 bars approximately. The current pullback is also testing two important levels simultaneously -...