Things change really fast guys, this has been a very hard stretch to model properly because there is so much going on. Hence the volatility. Still believe that we may flirt with 11300 really quickly before we hit 11700....
Guys we are still in the short from our last idea. It's starting to look like TP will be in the lower 11200 area. Once there, switch back to a long and our target will likely be a double top at 11700 with a small retracement afterwards and likely a higher high around the 11800 price range. Afterwards, we whipsaw back down to the 10400-10500 range... These will be...
Traders, these patterns that are setting up are tell tale signs of EXTREME volatility ahead of us. I'm talking bart candle city. There are numerous accumulation and distribution type setups, all falling one within another one. And whenever this type of complex pattern appears, it always takes price for a joyride. Notice that dark blue descending channel......
Hey TV fam, just re-updating a few key Wyckoff models. I expect a SHARP fall overnight (US time). I good target to start your short from is right between 11500-11600. I believe that our fall will be sharper than I originally estimated and expect a drop to somewhere in the mid to low 10900 price area. Ultimately I do foresee us going all the way down to 10400 -...
Hey guys, this is going to be a very good and profitable play for us. Look for the upthrust that should be coming soon in this accumulation descending channel. Around 11500 is a good place to enter this short. You have a 3:1 ratio of this being in your favor with a potential 3% move. Target is around 11150, however we could potentially enter whats known as a...
Hey guys, just going through one more time with UNI and creating a Wyckoff model for it. I know that UNI is very trendy right now, so there is some interest in this analysis. First off, a couple of things about this chart. It *IS* bearish medium term, in the short term, there is a strong chance to at least get to the $4.6 price range. I would go ahead and get in...
Hey traders, if you were with me during the last idea, the trade went fairly well. We DID end up at the 11550 - 11650 range I knew was going to eventually come. Now, we did have a MUCH stronger Phase B SOW than I expected, we retraced a lot heavier than I thought, but I stayed in the trade knowing that the upthrust phase will come soon enough, it ALWAYS does....
Guys, I have finally stumbled onto a methodology that can chart Wyckoff events in great detail... And it was in front of me this entire time, I was just looking at it wrong. Unfortunately, it seems that ALL of the world's stock markets are roughly in the same type of distributive environment where we will see an ASTRONMICALLY huge fall. The DJI is set up to go...
Hey guys, just real quick before I head off to bed. Small distribution phase coming to and end. Expecting large swing back towards 11600 in Asian market tonight. Do look for a small dip first back down to the low 11300 price range. You can still enter a very profitable long position after the local distribution channel breaks down. I don't expect too much selling...
Hey traders, looking for a daily swing play based on probable Wyckoff distribution pattern. We should be swinging down into a sign of weakness in the ascending channel, followed by a strong upthrust, a retest of the channel and another fake breakout of the ascending channel before the retracement. Called for a long play yesterday as we had broken out from the...
Hello traders. I have long talked about exactly this price level right here that we have finally reached. I was the first ones to tell you EARLY on this week to NOT short this whatsoever, you will get wrecked. I called both 11k and 11300-11400 being imminent at the start of the week... Well today we are here folks. Now...... Here is the problem. Let me tell you...
Guys, looks like we are getting ready to break further up and out of this range... Go long. This is a type 2 Wyckoff accumulation schematic where price has reached the Sign Of Strength stage before breaking out of range. Expect consolidation here but go long now.
First off let's start with a very small timeframe localized chart: I believe we are still in an accumulation type of consolidation. I believe 11750-ish should be your next target for re-entry into a long. If you want, you can short down from about 10920 or so for the swing play.
While news can be difficult to trade on, and I called for an extremely bullish week at the beginning of this week... Bad news can mess with a forecast. Good news is they are usually temporary and the actual trend just resumes after a mild correction. And this is what happened to us at the beginning of this week. I'm still forecasting 11300 - 11400 range as the end...
Hey guys, my trade idea today had us popping up to 10800 and checking resistance again... The biggest thing that is telling me that we are on the verge of popping up hard is the fact that top accounts on Binance are super short right here. And the market usually violently responds to big money herding all in one spot... Price action will tend to go radically the...
Just purely using channel fibs here folks. You can see resistance and support clearly. The 10800 area is our 1.618 reversal swing fib projection. Just keep in mind, as I stated in the last idea, shorting this week will not nearly be as profitable or as safe as just staying long... This is purely a scalp play.
I know this still looks like an awful mess... This is what happens when you have too much time on your hands. I strongly urge you guys to not play the short swings this next week because they will NOT be profitable. (Unless another BitMEX happens... sigh). I have spotted what's called an "anti-cypher" harmonic pattern in the works, and coincidentally it's fibs...
Fellow traders, the trend is strong with this one... And as you all know, THE TREND IS YOUR FRIEND. And I've had some time on my hands today (due to sluggish price action) to make you a nice and messy chart, but with all the relevant info you can want, need or desire. So... A couple of things, here is the BIG picture. The lines you're seeing are what's called...