We have a classic wycoff distribution pattern here... The next phase is going to be an upthrust after distribution, and even if that fails, it'll typically reach the around the height of the buying climax, a full 50%+ profit from here. And if it doesn't fail, then it could take this coin into markup and onto new heights. So I would suggest a trailing stop; and...
On the 4hr and 1hr chart, we see that the previous high was an order block (evident by the high volume). Order blocks by definition end up getting filled to create a fair price for buyers and sellers (in this case sellers) to get back in the market. The stop loss is set underneath the previous support. It doesn't sit on the support because the high volume on...
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being...
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often...
PSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC —buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
$RSR showing strong relative strenght in red day .
Hey all, take a look, let me know what you think. In my opinion, it looks like like were heading for ATH and beyond in the near future, as most of us do. This i think confirms it for me. We're just coming off being oversold for quite some time and it seems like a Wycoff Accumulation is coming out of Phase C and into Phase D where price can get explosive. Might...
Hey Everyone! This is my first post so go easy on me, heh. I think if we can break yesterdays high we have a strong chance of testing the ATH. If we can break that I expect to push up to 61,500 or 62,500 before. If not, I expect to retest 46,800. Thoughts on what I'm seeing here? New to TA and investing and would love to hear some feedback. Please comment!
Gold has created some imbalances in the market that needs to be filled. Overtime it has also created a trend line which the market has respected allowed retail traders to be setting up for a short. The market will push to the upside to fill those imbalances while hitting retail traders stop-loss and creating more liquidity as well as more imbalances before it...
So we have a possible ABC correction shown on the chart. Volume seems to confirm that. Then we have waves 1 and 2, bouncing between the two green boxes (support and resistance) and now we've possibly begun wave 3 from the FAN support line, which should take us to the top of the wycoff distribution/re-accumulation box. I would suspect the redux resistance from the...
So far 2021 appears more of the same...covid, riots, and money printing. We are actually in the midst of a sizeable demand level from March 2018 and the fact we have an untested low around the 92 handle makes me bullish shorter term. Fed has been very vocal about keeping rates low so I believe this is largely priced in. Politics however can change in an instant...
all detail on chart i think its clear to people who know wycoff but still its not clear if its distribution or reaccumulation so we should keep an eye on it and DONT TRADE NOW ANYTHING trust me we are in phase B now and its very painful because when good stuff come u will be exhausted WE might see an UT also so i put 21250 as a range for that and again its very...
ABC showing a weekly structual descending broadening wedge with partial decline. Breakout has occured, with a throwback backtest. Price target in the realm on $6 in time. This is a large pattern, so be patient. This is not financial advice. I can't give you entry or stops.
As soon as a pronounced V bottom forms, it's time to buy for a ride up! Don't think it'll take long - few weeks tops.
t look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
Wycoff + Harmonic+. could go 500-600 high pip. But BTC looks exhausted at 16.5 and likely to be at ath and thus a further pip above, before some wreckage imho. Dec 17th -31st is where i call top,, if this isnt it already... Im 100% in fiat after a nice year in crypto. So biased. But a worthy chuck in from a TA perspective. Timeline on both wycoff and harmonics...
Example of a rounded top distibution for Theta