potentially further down side here, based on volume spread analysis VSA
With the concept of buying low and selling high, especially at S/R, we have to think smart money is buying in larger percentages at the lows and selling in larger percentages at the highs, cause that's smart...right? if volume is the footprint of smart money, then we should be able to see...
c&h pattern has never been on my watch but it fits with my bullish sentiment right now, 15 minute time frame here looking forward to watching how this plays out.
Freddy Ray Brown III
not trading advice
pattern test run only
my TA is my opinion, based on my study of wyck, vsa and price action, and definitely not trading advice. please dyor
so the range that btc is in right now appears to be accumulation, because 1. we're coming off a huge drop and 2. all or most of the big volume is in the lows, of this current range, looking back, B looks to be at identical re accumulation...
when taking lower ground eu is painting a pattern of testing resistance prior to a high volume drop, if you missed your short entry take a look, even if you're already short you might have a chance to add to it or tp and get back in haha anyway i'm curious to see if she pays out like i think she will.
keep your eyes peeled everybody
"smart money" has been exiting all year, a test to the recent high is going to be a crucial one, sm will make a historical move at that point. if we don't see huge volume here in the coming weeks and october volume closes lower than september's volume, btc is going down.
good luck to all
high volume selling last week suggest au is going down, same with eu, im looking for dxy to surge on uncertainty surrounding T 's health.
ill post a zoomed in chart with the high volume selling i mentioned in comments.
safe trading everybody
hmmm check it out... maybe an algo here, all these peaks are are 104 days apart, regardless of trend direction, I'm plotting this chart as an experiment to see if gen boosts at that same interval, if so gen will boost and peak in roughly 2weeks haha algo detected :)
wyck distribution schematic 1
I was thinking Friday to go long at the open but then I drew this up, the ar may have been fomoed boosting a little higher than schematic and phase b is somewhat distorted but overall eu is following Richard Wyckoff's distribution concept.
Forex open is always iffy and slow moving so im just watching close for now.
charting btc is the workout for trading easier instrument haha
this chart is basically based on support and resistance and the 21ema cross with the 60ema, the ema cross has happened twice since sept and the result was a 2k drop both times, so
I based the targets off of those two big drops and the fibs they hit on the way back up.
lets see how it plays out