Wyckoff distribution pattern showing 2 different scenarios. One with another upthrust and one without.
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are...
With all the talk about possible bottom I thought I would make an idea to see if it is following the Wyckoff Accumulation phases. The comparison with the 2014-2015 chart below is not meant to show how it is following it exactly, but just an example of the last accumulation and how it followed Wyckoff phases.
Here is a list of the abbreviations I used in my...
Chart in link below showing how our attempt to correct the market has bounced of the trendline and could easily get extended down. We haven't seen lower lows yet... so hasn't failed... yet. Just not a greatest sign imo.
Can't post ideas from www.coinsignals.trade so here is what I'm looking at as far the market... (referring to chart below) We broke down and just recently bounced off the bottom trendline and are still bearish. Potentially trying to make a move up and create another Wolfe Wave pattern like the previous bear market in which would enter us into the...
Possible continuation diamond pattern formed. Target price after breakout is the height from the highest peak to the lowest valley. (which just happens to coincide with a previous price resistance level)