Looks like it is almost finished with the accumulation period and getting out of it. We have been accumulating for almost 6-7 months. And it seems like now it's time to fly. It making higher lows under resistance, and consistently making attempts to break 200 MA.
Guys any knowing better are we forming little uptrust on LTC chart here? #Wyckoff
BINANCE:RVNBTC Let's see if this plays out
Hi friends! Welcome to Poop's Wyckoff Analysis on Etherparty/$FUEL. We have seen a lot of whining about the market being manipulated when bitcoin printed a huge red candle recently which probably liquidated tones of longs. To be honest markets are indeed subjected to manipulation by huge players and crypto market is not an exemption to this. While big players do...
Hi friends! Welcome to Poop's Wyckoff Analysis on $BCHSV. BCHSV is showing signs of a textbook Wyckoff Reaccumulation. What we have seen so far? -There was a pause on a prior uptrend. The prior uptrend was backed by strong volume. -There was a case build for a new uptrend, a 6 weeks of consolidation within the re-accumulation trading range. -RSI divergence...
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.
While almost every trader is focused on derivative indicators, subjective chart patterns, Elliot Waves and other abstract objects or collective illusions (which rarely come true through self-fullfilling prophecies), the only way to be closer to the right outcome in your predicitions is to see the market how it really is. Price can change only when limit orders in...
Example:AUD Futures short trade: Wyckoff Method
EURGBP shows bearish momentum on monthly, weekly and daily charts.
In accordance to market situation I found opportunity for two short position @ ES1! First one initiated already: ET@2875.50 ST@2884 TP@2850 For conservative traders: You can wait test of resistance area (but train leave station already) and initial entry point can be changed to follow: ET@2879 ST@2886 TP still same @2850 Second trade ( or...
OANDA:WTICOUSD is in up move agresively. OANDA:USDCAD is building beairsh Wolfwave formation. In 4hrs chart it shows a Sign of Weakness. So here is my trading plan, I will be looking for bearish pattern on 4hrs chart or lowers, but will also try to hedge with scalp long positions, until bearish formation being built on Daily chart. Any bearish trend on US...
I am expecting a bounce up soon but still have a bearish on BTC. My strategy is on the chart. Good luck !
I've been trading off this 4hr BCH chart for a while now with great success. Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of...
Analysis on chart. Short opportunity with heavy selling on last bar.
Whales may be accumulating. A big method of accumulation is Wyckoff. BTC -1.43% could be in the process of forming a perfect wyckoff pattern. If this pattern plays out, then shorting the next few weeks may be most profitable. Criticism and Feedback are appreciated. To learn more about the Wyckoff Method: stockcharts.com To short or go long on btc -1.43% with...
Even before the tragic news which caused a mass sell-off, price action already exhibiting simplified similarity to schematics of Wyckoff distribution. Bulls rallied all the way up into previous support zone until close of trading on the 5th of April. With RSI showing exhaustion and potential loss of confidence following the April fools tweet from Elon Musk this...
Price failed to make higher high and break the supply edge of the range. Absorption at the supply. Downward ease of movement backed up by increasing volume. Supply channel forming. Still some demand present, but markdown imminent. Low risk entry would be a succesful test after a break down.