Ok guys, got the chart set up for maximum profits here. We are using several different methods to find this trade, along with Wyckoff channels. Buying is getting crazy here and I fully expect a really really strong reversal close to the bottom of our ascending channel. We should be looking for a major reversal up and out of this range near 12600 or mid 12500...
We should be seeing a HUGE drop in the coming days, which will fulfill the SOW and ST Phase B in two different Wyckoff models. SHORT NOW
Fellow traders, I believe I was able to spot an accumulation AND a distribution channel setting up. If the price goes above 14 outside the white trend line, this idea is cancelled and further bullishness is ahead. We should be seeing price plummeting down to the 12k zone which will give us out ST in B for accumulation and SOW for distribution channel.
Hey guys, we are looking for a secondary test phase in the accumulation model we are in... This retest of the bottom of the descending channel is also still part of the SOW of the distribution ascending channel. 13.6k is likely only after the retest below. While SHARP ascending channels don't always play out their UT, in our current parabolic environment, it has...
Guys, a distribution channel is likely setting up here. I do believe that we should see 13500 by tonight, and possibly 14k if there is a swing high.
I'll make this short and sweet... I screwed up my earlier long term Wyckoff distribution model.... Straight up... CLOSER VIEW: What I can tell you is that we are on the verge of an EXTREMELY powerful shot to flirting with or even going above ATH. Here is where we are right now. We are at a point where we are about to get inside of the main channel from SOW in...
Good evening TV fam, so I am definitely chewing on my own warning to myself yesterday that whenever these strong buyup phases happen, it can go get a lot stronger than I calculate... It's difficult to model sometimes because I want to always try to be on the safe side and ensure profit. The problem comes into turning into the next position from there. But the...
Hey TV traders, just waking up and seeing how our trades are going, and we are still beautifully on track for the 11.6 price area. If you want to understand this chart, please visit my previous idea: (click on picture below) Although we CAN make it into the 11700 price range, it is not a guarantee. I will be taking profit near 11630, maybe a tad less. PLEASE...
Hey traders, just a little update before markets open tomorrow. So, I can tell you that 11.6-11.7 is assured at this point. The UT of our local ascending channel will either make an ST for our larger flat channel and we drop. OR... The flat channel becomes invalidated if we make a higher high to 11.8k, and then we drop. We will drop afterwards either way. My...
Yesterday's idea was invalidated, I had a lot of good reasons for going short... Unfortunately that is not how we ended up... All fine, sometimes the event you are within a Wyckoff model is up for interpretation and you have to just take your loss and come up with a new trading plan. I decided to to also include the Wyckoff models on the lower chart so you guys...
Hey guys, today I'm looking at my favorite FX pair to trade. Looks like we should see a drop into SOW of the ascending channel, which is distributive in nature. The crash to 1.25 should be followed by a large buy up into upthrust.
Hey trading fam, excuse the lack of updates. First off, not much has been happening with price anyways... This is a traders worst nightmare, just watching paint dry. I've also had some family stuff come up so I've not had the time to sit down too much. Our scenario remains the same. Retail traders still super long, large accounts are still mostly long as well. We...
So guys, with the HEAVY amount of long positions currently in play, I can almost guarantee you that they will try to liquidate as many positions as possibly before we have any chances of making a higher high and moving into the 12k demand zone. Based on how I am seeing this larger timeframe distribution trading range playing out, I suspect that we will SOW out of...
Hey guys quick update... It looks like during the push at 11500, we failed to breach the upper trend line, which will throw us back into the continuation cycle of the existing channel... There were waaaay too many long positions for a push up... Look for long wrecking from exchanges here. 10500 area is a good buy. Look for sharp drop and sharp retrace back to top...
I love it how exchanges work... The deliberately lengthened the Upthrust phase to try to scare people into exiting their long positions before the huge rise. Thinking this will be a straight shot to 12k. Could either take place as soon as US markets open, or right before it. Either way, my analysis stay the same. Don't be short here. We are about to pop up really...
Hey guys, just a quick update here. As per my previous idea, it worked out FLAWLESSLY. I mean perfect entry point into our long position at 11300, we are NOW eyeing 11800-11900 for our initial take profit. If you're not in a long, get into a long position NOW. I wholeheartedly think that the big move up will come during Asian session overnight. What I want you...
I have had a lot of requests to see if I could model BTC long term based on my experiences with the Wyckoff model. So, I currently believe that we are in the middle of a Secondary Test (ST) price discovery, in which the OBVIOUS channel suggests that we are currently in ST right now and headed towards a SOW in Phase B... But my experience with Wyckoff models tells...
So I've been asked by a couple of people to see if I can throw in what I currently know and have had experiences with how I could apply Wyckoff theory to the general long term outlook for Bitcoin. My consensus is that we are very much in a price discovery phase with Bitcoin. The "obvious" trend/channel will become irrelevant, and a new channel will form based on...