Just observing potential Wyckoff set-up. I don't trade off it at all, but curious to see how it'll play out.
"I don't really trade Wyckoff at all, as it's more of a hindsight thing and a tool for understanding the psychology behind moves, but noticed this. More front-testing. $EDG."
$BTC looking like a fuggin snack.
"And look at that pullback! $BTC w/ red on the daily, crucial close coming up : above trend/in cloud = head to diag. resistance or below trend = next diag. level.
Was looking at this, check out how the red boxes align. Not a big fractal guy, but interesting stuff to watch."
That being said, if we close below, fractal is fucked.
twitter.com - OG twitter thread for ref.
Crucial diagonal support trend on the pennant drawn broken, we have little to do except for look at the rest of the diagonal supports and EMA.
Price ranges showing %s, it would make sense that we judas down to let big money in, shake out retail.
Would be hilarious if this was a...
> Back to this chart again, looks like a potential triple top, with bearish div having swatted us from horiz. resistance. However, if we go to test bband median, we could have the potential to print hidden bullish divergence from the support-turned-resistance test on the 10th. $btc
I will be taking a long which I'll update off this chart off the 4H falling wedge which is shown by the pink semi trend and the hidden bullish divergence, up to diag. s/r, then swapping to a short down to wedge support, where I'll likely hold to there or wedge target, which is $1900.