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Distribution

Will 50k Hold?Hi all, Bitcoin managed to cloas the week above 50k. While this physcological level gives comfort, the real resistance is at the weekly 51.791 and we are below that level. That said, consolidating under resistance is considered bullish, however, we don't know how price will react after passing this level. The wyckoff distribution i have pointed out in my previous analysis still holds and if it plays out, we are looking at a LPSY moment as of now. The upward moves are quite weak, not triggering any of my TOTT signals (and i have many) So, longing here now would mean longing in to resistance, which is never a good idea. Last time i warned about this was at 67k :) Ofcourse it doesn't have to be the same, but given FED has declared the timeline for tapering and interest rate hikes by the end of March, i think we'll see a play until that time, but we don't know what composite man is about to play. Again, i think it's a mega distribution since last year October. Patience is the most important skill to have right now. If you are long, use a stop loss or reduce your risk. As always trade safe.
INDEX:BTCUSD
by BitcoinMillio18
47
BITCOIN's Perfect WYCKOFF Pattern!Hey guys! Hope all is well. These are sure times of uncertainty. Market crash? Recession? Supply Chain Issues? Collapse of Evergrande? Hyper Inflation? Central Bank Digital Currency? These are all factors deciding the market currently. Be patient - Bitcoin's rally's happen in a four year cycle. This is when emotions need to be taken out of the picture. We may see another couple of years of consolidation and accumulation before Bitcoin decides to rally again. I think we may see 20K next year as a spring for Bitcoin before the next rally - and mark my words, it will be a big one. We need a decentralised world, one where politicians can't control the supply of currency for self interest. Cryptocurrencies are the way, and it is for the people to decide. I will keep updating this as we go, but for now - predictions on price action are silly. Love, peace, Seb.
BITSTAMP:BTCUSDShort
by SXTrading
5
XAUUSD Wyckoff Distribution - In progress Distribution in progress following the recent marked up phase highlighted in my previous idea. Demand has been dominant up until now with weak rallies showing evidence of declining demand. The most recent price action failing to eclipse the buying climax on 13th Jan along with a decline below the mid-point of the TR. Whist I will still remain wary of upthrust after distribution, I am expecting to see a further decline towards support and a successful break beginning the marked down phase. The immediate downside price objectives are 1810, 1802 and 1788. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
FOREXCOM:XAUUSDShort
by BeyondEdge
3
USDJPY - Signals for a Trend Change AppearedHi Traders! The following signals indicates a Trend Change with Down-Movements: Strong Weekly Resistance --> This is a high price and people might sell off again. Daily MACD Divergence --> The bullish Momentum sinks. People may feel a burden when buying the price and they actually want to sell it. Head and Shoulders Pattern --> People know this pattern and its affect of changing the Trend. It includes a Lower High. First Lower High --> Connected to H&S Pattern and shows on the one hand that people are rejecting higher prices and on the other hand that people are willing to sell for/from lower prices. MAs meandering --> It indicates, that after the Uptrend the average 200, 50 and 20 people neither buy nor sell. This indicates the end of the Trend and a potential Trend Change. The TPs are the - daily Support of this whole consolidation (orange box) process - the H4 Support between daily and weekly Support - the weekly Support. If you have any questions, another POV or any comments, feel completely free to share them! Thanks and successful Trading :-)!
Short
by swissmoneymakers
EUR/CAD Wyckoff Short opportunity!Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking to go short. Price has come into a key last area of support which if we see bearish selling pressure from here i will be looking to enter. To add confluence to this we are bullish on CAD and yesterday we noticed a big Wyckoff Accumulation schematic on CAD CHF which has been melting today from which i will be looking for another entry point! Feel free to leave any comments about the idea!
Short
by PercentageOverPips
EURUSD building cause for a big moveEURUSD looks like it is setting up to provide some great momentum heading into 2022. The daily and 4h timeframes are still showing bearish market structure forming lower highs and lower lows, however, price has now paused and started moving laterally at a weekly demand zone. This is key. Price action looks to have the classic features of an accumulation or distribution schematic where buyer and seller commitment is being tested at the highs and lows of the range. I see a cause for both a continuation of bearish momentum or for the higher time frame (weekly) to kick in meaning price could become bullish, at least in the short term. Either way, I'll be trading at the range extremes (highs and lows) and waiting for further developments over the coming days as to the longer term price direction. Interesting one to watch...
by CourtneyCharles
Black Swan!Alright people, In my previous analysis i've pointed out this distribution schematic on a weekly timeframe. I've digged in further. Re-evaluating the whole structure since last October as distribution changes everything! The first step to confirm this schematic would be loosing 43.200. Once lost, we will enter in to the previous accumulation zone and POC of the whole distribution will be the next stop at 34.361 Once we loose 34k, next stop will be the Fib. zone at 24-27k. Everybody will be expecting a new accumulation at this point, but the fun will begin there. We should be looking for a continuation pattern first and that is redistribution which will end up with a black swan at 8.600 where the POC of the whole distribution awaits! - That's a 87% correction! Now, if 1.678% increase from Covid Crash at 3.880 to 68.997 was possible, 87% correction from 68.997 to 8.600 is certainly possible as well. That's still up 2.2x from previous black swan! And guess what, we will hit 140k after that! Because everybody would be rekt by then! Did you like my imagination?
INDEX:BTCUSDShort
by BitcoinMillio18
24
This Can't be Happening Right, Right?Hi all, On a weekly timeframe, bigger picture is matching a double top distribution which we have seen on the smaller timeframe recently. Not much to say really. This schematic suggests a mark down below 28.754 towars 24-27k and further after a weak bounce. It could vey well end up at 19.302 (70% correction) which looks impossible today. but remember Bitcoin was just $3.880 on March 2020. I don't want to be overly bearish, but this is what the schematics suggest. Markets are waiting for FED meeting on December 14-15 and this could trigger the real mark down of the mega structure as i've laid out here. Not loosing money, is making money in this market, so stay safe and use a stop loss.
INDEX:BTCUSDShort
by BitcoinMillio18
21