After the Shakeout at point 1 , Bitcoin is showing signs of absorption. Higher lows at point 2, 3 and 4 on decreasing volume signature suggest that supply is exhausted. We are now testing the top of the big capitulation bar at point where supply has emerged in early September. Volume is still low (no evidence of supply) and the price action is constructive...
Aug 21, 20 - ES Futures - Wyckoff chart Reading by sand trading
After failing break 1.1450 area, price back to test resistance zone before. Following bar by bar, I realize there are no sellers' force around 1.1760 Expectation: the price back to test these targets in image Good luck & safe trade
Since the beginning of 2020 Bitcoin has shown remarkable signs of absorption. Let's analyze the bullish scenario. WYCKOFF STORY The analog upbars at point (1), (2),(3) indicate ease of movement to the upside. The rally begins on expanding volume, supply is vertically absorbed at (4) . Price has broken the overbought line of the major downtrend, a change of...
Seller falses break a support zone 71.7. So, it leads to change in the trend of this pair (downtrend to uptrend) Expect the next targets are in the image Good luck & safe trade