Bitcoin is stuck inside of the bearish descending triangle right at the intersection of supply trendline and the weekly support / resistance. I will wait until it breaks above or collapses down. I don't trade inside of a bearish descending triangle.
Hi all, I've added 2 redistribution scenarios to my analysis. As you can see accumulation and redistribution structures on Phase B are almost identical. The only change here is the labelings and exit of the trading ranges. Here are the facts that support redistribution 1- Volume decreases on rallies and increases on reactions!!! It should have been the exact...
We have successfully tested the upper resistance of our trading range with a tiny upthrust and turned down towards the $35k support, following $32k and $30k. Regarding p&f chart, i've explained in my previous analysis that we have 13 columns so far in the accumulation structure. This counts to a $39k potential, but we need at least $26k more to reach our beloved...
Are we in a re-distribution phase like we did on Februari 26 2020? Looks very similar with todays market structure. If we get low volume on the break-out of the range, we will probably do a final shake-out before we go up again.
Bitcoin - still redistribution scenario - after mSOW
Bitcoin - Wyckoff Redistribution (stretching over time)
Bitcoin - Wyckoff Redistribution - next move to 20k?
If right now, BTC is being Redistributed, then by Wyckoff it would like this pattern:
Waiting for the prices to give a direction. Possible Accumulation as per Bias and also Possible Redistribution if we look at Double Top Scenario
I see the redistribution schematic clearly. Market structure is bearish, buying momentum took longer than the selling momentum which is another indication for me. Would wait for a LPSY(retracement ) to form before selling impulsively down while also clearing out the liquidity at the bottom.
Bitcoin - distribution & redistribution - move to 41000$-40000$?
Go for sell after 30 min candle close below 106.96 support. Its a redistribution pattern, we will see more downside in usdjpy. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
$EUR Bur is in it's last stages of re-distribution vs the dollar. Another evidence of global economic collapse that will start with the reserve currency exploding and devaluing major fx tickers.
Hello traders, We will see more fall in bitcoin after it tests the level of upthrust. We can recognize sir Wyckoff's Distribution theory pattern above the yearly pivot point and redistribution phase below the yearly pivot point. Before that at the end of the year 2019 it crossed yearly pivot point of 2019 to the downside and formed Accumulation pattern and crossed...
I've seen quite a few charts showing the 7600 tag as being the bottom of this impulse. This does not yet look like accumulation to me because the recent minor low at 6 am found relatively high volume. This means the shakeout is likely to continue downward until it makes a low with small volume indicating all of the weak money has transferred their accounts to the...
With my daily and weekly bias being bearish I analyzed H2 EURNZD to find an entry! Found something exciting... a double three elliott complex pullback coming to an end with some fibo confluence. Plus possibly a Wyckoff redistribution cycle coming also to an end and D1 range equilibrium to be broken. So a sell limit is being set BUT i will monitor price very...
We have seen a long distribution trading range (TR) which formed from 2013 to 2018 that is now playing out to the downside. The markdown has now had a redistribution TR form and has reached the overbought line of the downward stride. Expecting the markdown to continue with a break of the TR.
GFI has been an interesting chart to look at from a Wyckoff perspective. GFI had been stronger than the sector group (Gold Miners J150). However, with the sharp decline was lagging the sector and now is again showing strength. After the initial decline we had a redistribution range with an upthrust after distribution (UTAD), some low volume tests of the UT and a...