djr0726

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In my previous publication, I opened a long position at what I thought at the time was a selling climax (SC). My analysis was incorrect, as what I thought was a SC was, in fact, a preliminary supply (PS) like event. The PS is known as the first concerted attempt to stop the down trend. Lesson learned. Nevertheless, the BTC price has entered another Wyckoff...

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Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. Interestingly, the last 3 transitions from Wyckoff re-distribution Phase E to Phase A were similar. In all 3 cases, we observed a climatic level of volume. In all 3 cases, we observed sell bars with a large spread. The percent change in price for...

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Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. The fact that the BTC price action broke the trading range support to the downside for a sustained period of time supports the notion of a re-distribution trading range. I opened a short position near the trading range support ($41,313). Since then,...

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This chart builds on previous ideas I’ve shared regarding the BTC price action since October, 2021. In a previous publication, I stated that we likely had observed a shakeout (SO)/sign of weakness (SOW) in potential Phase D of Wyckoff re-distribution. I presented a scenario that would confirm my idea (solid red line). According to this scenario, we would observe a...

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Previously, I’ve demonstrated that, oftentimes, there exists a strong positive correlation between the BTC price and the NASDAQ 100 Technology Sector (NDXT) price suggesting that knowledge of the BTC price allows one to predict the NDXT price with a reasonable degree of accuracy and vice versa. The purpose here is to test the notion that when the US dollar is...

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Numerous podcasts and other news sources suggest that there exists a strong positive correlation between BTC price and the price of tech stocks. To test this notion, I plotted the BTC closing price and the NASDAQ 100 Technology Sector (NDXT) closing price on the daily time frame. Based on visual inspection of the upper panel of the chart, there are time periods...

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This chart builds on my previous ideas that I’ve shared regarding the BTC price since October, 2021. It appears that the BTC price has been observed in descending stepping-stone horizontal Wyckoff re-distribution trading ranges. The down trend was stopped on Jan 22, 2022 with a selling climax (SC) and the BTC price entered an upward sloping re-distribution trading...

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Price action for XDB from March 14, 2022 to the present has been pretty remarkable. From a Wyckoffian perspective, we observe a hyperdermic distribution after the buying climax (BC) on March 23. The red arrows point to volume spikes. In these 3 instances they illustrate heavy selling. It’s possible that we have observed a local selling climax (SC) on April 7. If...

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The use of the pitchfork, FIB retracement tool, and Phoenix Ascending indicator suggest $200 as a reasonable long entry and $229 as a reasonable take profit target. The red dotted line indicates the possible trajectory of the red stochastic relative strength index (sRSI). The black dotted line indicates the possible trajectory of the AAVE price. This is not...

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The DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally. I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the...

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The VET price had been observed in a horizontal re-accumulation trading range from Jan 22, 2022 to Mar 27, 2022. The VET price exited this re-accumulation trading range with the SOS rally. I will make a long entry at the BU/LPS event (around $0.07) and take profit around the next resistance cluster around $0.10. The upper and lower boundaries of the...

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Based on an analysis of the Phoenix Ascending indicator, Bad Ass Bollinger Bands, and Linear Regression channel (with custom inputs), I have identified a ceiling target ($37, 500) and 2 floor targets ($32,000 and $30,000). I will open a short position at the ceiling targets and close the short position at one of my floor targets. Let’s keep our eyes on this and...

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The ADA price has been in a downsloping Wyckoff re-distribution trading range from Sept 2, 2021 to the present. The upper and lower boundaries of this trading range are given by the horizontal black lines. Wyckoff abbreviations: automatic reaction (ARe), buying climax (BC), failed upthrust (FUT), phase A (Ph A), phase B (Ph B), phase C (Ph C), secondary test...

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I opened a long position at $41,900. In the 3 hour, I saw that we were nearing resistance in the linear regression channel and nearing the resistance cluster established on Feb 4-6. The green EMA and red sRSI both turned up and, importantly, the green EMA contacted the red sRSI, while the red sRSI was moving upward. The price has moved to the upper boundary of the...

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Shown here is a brief re-accumulation trading range (Jan 22, 2022 to the present) for BTC USD in the daily timeframe. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones. Significant bars, which help define important areas of support and resistance, are given...

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Here I show stepping stone re-distribution trading ranges for BTC USD in the daily timeframe. From Oct 20, 2021 to Dec 3, 2021, the BTC price was observed in a horizontal re-distribution trading range. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones....

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Given here is the SHIB USD price activity in the scaping group of time frames (1 min, 3 min, 6 min, 12 min, 23 min, 45 min, 90 min, 3 hour) with the Phoenix Ascending indicator, which is comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the white energy (WE). ...

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The high and low of the May 19, 2021 sell-off candle (highlighted in the chart) have defined a trading range for BTC USD, with the high of the sell-off candle ($47,497) defining an area of strong resistance and the low of the sell-off candle ($30,023) defining an area of strong support. The BTC USD price has been observed within this trading range for 39 days....