Here we can see it potentially looks like Wyckoff accumulation is beginning to fill out. We must observe very closely what happens when bitcoin reached the SC/ST Lows and see if Bitcoin gets a bounce around that region faking people out then price reverses back inside the range and breakout out again and is just bull and bear traps and then a potential final...
Falling wedge breaking out. Volume declining and price did retest and hold the wedge as support when it broke out. Forgot to post this 30min ago, oops. Price may be breaking out but i do potentially see a rising wedge forming which could dump back to where it formed and or to the measured move i have shown which is a basic gold pocket retracement. Multiple bullish...
Cup and handle forming for FTT, if price breaks above the neckline price could reach targets listed from the falling wedge, cup and handle, and bull pennant. Stochastic is pushing upwards.
As we can see, FTT/BTC was in a rising wedge that broke down, and then another rising wedge had formed. And for the first-time price would break below the 800 daily EMA and collapse. If only we could have spotted this sooner!!!!!!
This is just another potential idea on a Wyckoff accumulation graphic i made. Price could consolidate sidesways around the SC and ST area then dump into the Spring and get the bounce. I have in the related ideas the main Wyckoff accumulation idea. I don't expect this to happen but who knows anything is possible, I am once again just throwing this idea out there.
I am just thinking, is it possible BTC could retrace all the way back up and reenter the TR to complete the LPSY aka bearish retest of a POTENTIAL rising wedge with declining volume. There are no guarantees but i am just thinking about it. It would make some sense as a new low was made, big, short squeeze back up and rejection and or new high with a UTAD perhaps...
Updated my idea from earlier, so far it is still intact and the rising wedge / bear flag has a breakout finally after a short-term uptrend. I have been expecting a SOW to come and will it form now?
Biggest bull pennant yet, falling volume falling price just like the previous 2 times before it pumped. Each time the RSI was in an oversold position, just like it is now. Wait for a breakout and its likely price will continue higher, at least that's what we can assume.
This is what I believe LUNC could be in. I was looking at this idea yesterday and didn't think too much of it and now it makes 100% sense LUNC may be in Wyckoff Distribution at the top and broke its AR low and created a SOW. The next step could POTENTIALLY be an Upthrust (UT) above the Buying Climax (BC) high. But we do not know for sure so we must observe this...
May be at the UTAD top and looking to dump from here. Volume is declining with the uptrend and a rising wedge has formed with bearish divergence. The 1D, 4HR, 1HR, and 15min stochastic RSI is overbought with bearish divergence on the 15min. MACD on 15min & 1hr is losing buying pressure with bearish divergence as well.
Perfect short entry at the UTAD, so far so good with the schematic. 1min Rising wedge and 15min stochastic rsi getting overbought and bearish divergence on RSI. Declining volume with the last pump in UTAD with potential climax volume at the top.
Rising wedge and bearish divergence is trying to call a local top here and for price to roll back inside the trading range. Lookout for this schematic to fill out, the next step is price reenters the trading range and then may try another upthrust this time be the Upthrust After Distribution to stop anyone out who has stops at the previous UT high. And or...
small 10% scalp for SHIBA INU, falling wedge/bull pennant targets labeled. Falling volume falling price which is bullish. Fractal may show price trended up slightly before a big pump, let's hope it happen again for SHIB.
Potentially bitcoin is in Wyckoff distribution and also in a bear flag. The 1.618 fib from 28.8k to 69k is shown, which is where I would hope a strong bounce would come and continue to fill out Wyckoff accumulation on the daily time frame. Price is trying to hold the 200 EMA and may drop it and find support on the 800 EMA then bounce and potentially create a...
Rising wedge bearishly retested the rising wedge and is beginning to dump it seems. The RSI shows bearish divergence and the Stochastic RSI is overbought coming down.
Potential SOW bottom which could bounce back inside the trading range and the falling wedge with bullish divergence on the 5min trying to call a local bottom. 15min stochastic rsi oversold. MACD losing selling pressure. Rsi oversold with 5min bullish divergence on the 5min.
BEAR FLAG TO NEW LOW! 1.618 FIB from 28.8k to 69k is $16,783 on this chart so please don't panic if BTC starts dumping because there is support at the 1.618 which would match up with a SPRING in wyckoff accumulation and could be the final dump before the pump. Bearish div on rsi and bear flag has broke down (from candle body) and could bearishly retest and trend...
Based on looking at DOGE and ELON on the charts, they were both in falling wedges and DOGE/BTC was in a descending triangle meanwhile ELON/BTC (custom pair) was in a falling wedge. Both BTC pairs had declining volume like just like SHIB/BTC has right now with a oversold stochastic RSI curving up just like the other two doggy coins before their pump.