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 ...
Long on gold, after final induction of sellers, back to the neck line of previous resistance. setting a tight stop and looking to take it back up past previous highs.
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 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.
US30 index fund is buying to form a UTAD then sell. I have specific points highlighted that I would love to see price react away from.
Silver might see a sell in coming weeks after price breaking the 24 usd recent lower low. This may signify a break of market structure forming what would be supposedly be a major sign of weakness. It would be quite nice if we see a retracement to the upside until 27.750 level before going down. Once that level holds we can be sure of an impulsive down trend
EJ let's see how it goes. TP is was too ambitious but can always trail SL and see how it goes.
Could we be in the midst of a Wyckoff Basic Scheme of Accumulation #1 on BTC/USD? One should take note that with how the institutions have been vocally entering Bitcoin, the way the crypto charting and trading game is played is changing. BTC may well have started becoming more classically "textbook" and less sporadic in its cycles. If this is the case I would...