First a short term W pattern with measured move into region also in line with retrace before drop into 3 drop markdown phase. Short term long to price target and then short entry in ranget between red price labels. There are two points where vector candles haven't been fully recovered and those precise points could be reversal targets as well.
Few bearish dynamics at play here: Bearish Wolfe Wave that will complete 1-4 projection at 20.4k around August 21st Distribution that activated markdown on this breakdown - tried to get back in and rejected; initial target 22k, goal target 20.3k in confluence with the wolfe. ~Sincerely Winnie the Pooh
BTC at present is ranging on the $20,000 support and as long as the price remains above $17,567.5 BTC is bullish. Price below $17,567.5 is bearish. From a waves perspective the only remaining bullish count is a diagonal in wave 1 which is valid above $17,567.5. Expect further downside if price confirms below the origin of wave 1 at $17,567.5. Expected downside in...
BTC Triple Top Pattern w/ break below pullback lows week of 2 May. ** Pattern complete, fully into mark-down/declining phase ** Longing here = high risk, rallies have high failure probability. Wait for accumulation trend to clearly develop before entering long. Useful reversal signal on Weekly TF would be MA6 crossing above EMA18 along with OBV reflecting...
waiting for another spike for a mark down first demand zone I draw with green is first station in mark down move
Wyckoff Accumulation Schematic -- What follows? Distribution. We can expect a distribution period followed by a markdown. Shed profits and prepare to enter short positions.
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While OBV looks shit and PnF points to 31.500, there's confluence at 34k. Would you bet on it? Personally i won't. We are at mark down phase of wyckoff distribution. Better be late to the party than show up at someone elses party.
In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long...
UPST-- bearish territory started. Might go down in waves. But the descend is on. The wild ride or more than 1000% gains since the beginning of the year are about to end. There will be a profit-taking cycle happening. Few data points, 1) 9 EMA crossing below 23 EMA 2) Price is not able to break above the trendline from recent highs. Forming lower...
Hello TradingView Family, this is Rich and I found DXY H4 chart interesting, following the famous/great Wyckoff Cycle as per Richard Wyckoff. First, What is Wyckoff Cycle? - Accumulation Phase The Accumulation stage is caused by increased institutional demand. Bulls are slowly gaining power and as a result, they are poised to push prices higher. - Markup...
Hello my beauties. I think that the USD might be distributing, on a 1hr chart we are looking at a LPSY, the moment before a Markdown (impulsive move towards the downside). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with...
Not much to say, unless we rally up and break above $37k, the next 2 weeks will be a blood bath! What if it does not stop there?
Breaking of the "Ice" (the ice was support throughout the distribution) happened the other day with that sharp drop from 43k to 30k. According to the Wyckoff distribution, there is always a rally back to test that break. This is to confirm that the demand is still scarce. I speculate if the price does not break and hold above 42.5k on the daily then the markdown...
This is really interesting ... time to mark down ... Rsi divergence, price rectangle channel and we are testing the mid line ! We were in this channel for more that 2 weeks, we touched top of the channel several times and it rejected us ! we hit the bottom, it rejected us ! but mid line? it opened arms and she hugged us! we are going down ... I recommend to longs...
So.....Ive been Short bias on GBP since forever....So i tend to sell the rallies t certain structure points..... I got sopped out yesterday of my 20 pips BUT i see what has been forming.... Waiting for a retest and going to chase the 50-100 pip drop.... @Mr.Valois
First go at Wyckoff chart analysis here on EU. Markdown appears to be on the way!
Looking for price to come and test bottom of weekly candle before continuing mark down.