Technical Analysis - Distribution Phase - Price keeps making lower lowers - Expecting to see Price drop around the previous pivot area -Price is respecting the P pivot area - Fundamental analysis - Vaccine on hold - Stimulus package uncertainty & unpredictable
gbpaud running out of steam, rollover into 1.80500 region
XRP is un-phased but the move in BTC. Why?! Because there are no weak hands LEFT! That’s why. Using the wycoff method truly allows you to identify when there are no sellers left. Sprinkle in a little bullish news and boom, you got big gainz.
OR.....FELL BELOW SUPPORT. SPRUNG BACK ABOVE AND NOW RETEST THAT SUPPORT ON MONTHLY TIME FRAME !?! WE MIGHT NOT NEED NO STINKING DIVERGENCE !
So I was very much spot on for my last prediction and it makes me quiet happy. Now just like I said in the last prediction, I doubt its abilities to make a strong break out, although it could. At this price position, the trend could continue after hitting 1.144 or even 1.147 but it could also hit an resistance and quickly falls back down. The point is, one can...
Let me start off by linking a textbook example of Wycoff Distribution. Understand the phases and then move on to this Bitcoin chart. Dropbox Screenshot: www.dropbox.com Article: tradingcoach.co.in WYCOFF DISTRIBUTION The phases of distribution follow a rhythmic pattern. After a major dump, smart money will accumulate a cheap asset, which causes a Buying Climax....
Potential Wycoff Distribution. Would coincide with decreasing volume to confirm June-July as distribution and not re-accumulation.
Not in favor of this bearish sentiment, but it is worth pointing out as a possibility.
Im waiting on confirmation for the price to sell below to grab liquidity before shooting up long term.
According to the Wycoff Theory gold is in Phase C (UTAD) where it ram through old highs before distributing out sells. And so i see it buying to clear out the liquidity at 1664-1668 to sell to the downside to clear all the liquidity at the bottom at 1574 and below.
Looks like CADJPY is in PHase B on the Monthly chart according to Wycoff theory. Expect it to buy to the TR (ceiling) then sell below to clear liquidity which will cause the spring before buying up long term. d.stockcharts.com
Hi, friends. BTC correction is coming for the end. Yesterday we saw big stoppage volume + price rejection in the form of big tails, it's a first sign of stopping the current trend (we have bear trend intraday) and going to the balance structure. Possible future balance range will be 8290-8900 or 8540-8900. As usual after first stoppage volume the price make 1-2...
this is Justin idea, and though short term outlook is bearish, this chart is incredibly Bullish long term
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of...
BTCUSD actually looks bullish now up to the 7620 level at least. Waiting for an entry on the 1hr from a pullback but here on the Daily after the failed upthrust a few days ago and the successful test they way seems clear up for a 300 pip move
$USDJPY made excess high on 30th Oct, which indicate a liquidation. I am little bit late on this but to turn this pair to much deeper, we need to see new seller while USDollar Index is weakening. Otherwise the Pair will loose momentum for bearish move. $JPY is the weakest currency among the major forex pair, let see if there is more buying on JPY , which is...