Wise man that Confucius. Been looking at this wrong all dang day! - but thankfully this is still a short. So if you stop lossed last time, go ahead and reopen the short. Sometimes I have to realize that the Wyckoff trading range is not straight! And thus the Wyckoff distribution cycle now makes PERFECT sense. :) I literally slapped myself in the face when it hit me.
Is it making more sense now??? Distribution going into accumulation. Testing the bottom side and setting up the case for accumulation.
Ok guys, top UTAD trading range is breaking down to SOW Phase D in Wyckoff distribution. We have two trading ranges that developed and now is the time to short this. We will see prices go below 46600... Likely at least a retest near 42k.
Just FYI for everyone. The terms I'm using that a lot of you will not be familiar with comes from Wyckoff schematics. If you don't know, google "Wyckoff Distribution" so you can read up on it. It is an extremely good fundamental way of being able to the see the market develop. Let me just show you what it is that happens when we are in distribution and we are...
Ok guys, put a lot into this analysis. I believe that I may have identified certain fractals that are repeating from 2019. Take a look: So this chart is back from 2019. If you see the strong fall, followed by continued lower lows and some heavy consolidation. Price retesting key points, and then all of a sudden we get this major upthrust action, and right back...
The minimum TF resolution TV let's me publish is 15 min range, but I really wanted you guys to see the finer points of volume characteristics in this range. So I'm wanting to show you a 2 min chart below that I'll discuss: So first off, while I did call the big plunge down to the 45k range, I had expected a slightly higher jump up beforehand. I recognized where...
That's the order I'm thinking of. Taking a bit longer to get there than I originally thought, but it seems to be getting there. Price is pushing down as expected getting ready for the UTAD phase in the white trading range, which means we should pop high very quickly and then crash back down again.
Traders, You should definitely be long on SHIBABTC right now. We are currently going through TEXTBOOK Wyckoff accumulation. I do expect a slight retracement going back to breakout trendline and top of Wyckoff trading range, apx 0.00004400 range. If you want to learn more about this method of charting, visit: school.stockcharts.com so you can read up on...
Told a lot of you to pay attention to this little monster... Even if utterly useless, where there is a market, there is money to be made... Yes, it's not too late. Do yourself a favor and throw in on this one.
Closer look at the action: Clear distribution on a smaller scale. We should be dropping right back into the white trading range again before the big break through to around 61k - 63k. It will be dumping hard afterwards. This should be the last major jump up before the fall to 45k.
Volume reversal on the downtrend has been seen, trend breaking volume followed by a strong push back up is now the catalyst for this thing to go much much higher. As shown in my previous idea, I don't care that Baby Doge is utterly useless and a meme stock. If you can make money off of it, then I don't care.
I'll say it straight up guys, I was somewhat wrong on my previous AMC analysis. I will say that the drop to $20, is STILL in the works. However, at this point and time, for now a Wyckoff Accumulation pattern seems to be in action. Don't get me wrong, you STILL do not want to trade AMC because a safe trade on AMC does NOT exist until we are completely done with...
Another meme stock, another dollar (to lose, in this case)... This is another one where volume has broken out and above the previous consolidation zone in white with volume, HOWEVER, it did so on LOWER volume than the previous high. Which means that volume has diverged. Now, this is NOT a complete deathblow to AMC as of yet, because several different things have...
So guys, I have to apologize because I didn't do my due diligence with looking at the bigger picture on the Wyckoff distribution side. I was so narrowly focused this time on the smaller timeframes, that I completely did not take into account what was happening on a larger timeframe. This is important because these Wyckoff Distribution trading ranges actually all...
Just a quick update on the previous idea. We are taking an in-depth look at BTC on a short term scale. At this point Wyckoff distribution has set up clear signs and has pretty much rolled the way I expected for the most part. UTAD should end around $55,600 which is also conveniently the top part of the ascending channel in which that will be the best point to try...
Guys I'm showing you a mockup of a Wyckoff Distribution model. If you're not familiar with Wyckoff's work, definitely Google it Bing it, however if you "Bing" anything, you should be utterly ashamed of yourself. LOL How you can typically tell apart distribution from accumulation, is that on the very first break above the top of the consolidation zone (the two...
As I stated the other day, I am long on SHIBA and this is a generally decent spot to start buying. IF you're not trading SHIBA long/short, you can start accumulating even here. For you long term buyers these small dips and such that I'm going to talk about are not going to be a huge deal. BUT you will be able to buy SHIBA cheaper if you're willing to wait it...
Guys, this is a VERY long term view and a big picture of Bitcoin. The arrows represent price action and are not meant as a firm or exact time estimate. I have said before numerous times, and will keep reiterating to the masses: STOP ACCUMULATING BITCOIN. DO NOT MORTGAGE YOUR HOUSE TO BUY BITCOIN. I am PROVING my long term outlook with volume, which is extremely...