Wyckoff accumulation schematic.
We are currently in Phase B. (We arrived from a daily distribution schematic)
I'm expecting a spring formed that catches the liquidity below the equal lows and below the selling climax.
Only After that, I can see BTC recovering to at least 50k per coin.
Right Now I am still holding my BTC and will add more with this liquidity scoop...
Due to recent events of an unprecedented and MASSIVE rally to the upside on the test level buy order block at 1721, are we finally at the dawn of that long ride towards the +2000s again ?
Daddy Wyckoff seems to agree to that so far ...
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are...
Gold can some times be a pain in the ass but a good pair once it goes your way.
It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens.
Longterm we are bearish but sellers in the markert must be reduced.
I hope this gets out to as many people as...
It is too early to pre-empt whether xlm is truly in an accumulation. That not withstanding, I have identified a zone were price may react from if it happens to be an accumulation. Hopefuly we will see the ST(b) form.
This is of course if we experience btc bearishness soon as all crypto bends their knees to BTC.
Beautiful catch on GBPUSD before weekend
Sell Limit off 80% of the 127M candle which initially was the extreme of the leg that pushed price to break the low from 01/09. Price has therefore come back up to mitigate some of the orders in the area which also holds some significance being in the NY session. SL set on the extreme high risking 6.6 pips in order to run...
Market has tapped into my buy limit perfectly. Limit was set off the ST-b which initially broke 3 points of structural highs. Found the most volumest candle which was off the 9m time frame and set my buy limit off 80% of this particular candle. This is where institutions sold to buy up therefore coming back to mitigate the last of the sell orders before taking...
Recently btc dropped violently, A move that caught many by surprise. As expected, that was a major sign of weakness for a larger distribution.
Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action.
This position would...
Having targeted previous highs, gold managed to scoop up the buy side liquidity.
Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down.
With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down
Without a doubt price could go below the double bottoms but we...
September is famous for price falls before mega bull runs.
Combining that with the fact that bitcoin makes an ATH every 3 years then we should be seeing crypto peak in December.
Watch for the 0.6000 zone as price might bounce from there
Finished the week with this nice trade.
Demand orderblock using wyckoff. Consolidation and then a fakeout. I was waiting for price to make a retest, it formed an engulfing which on lower timeframe was another orderblock, then it retested it and took the liquidity created by the big bearish m30 candle.
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 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.