Nested Accumulation (follow-up)ETHUSD activated markup for larger scale accumulation yesterday at 1089.43. It has now formed a nested accumulation with support at the larger scale activation level. In order to generate the escape velocity to begin this overall markup it needs to clear 1143.08. From there it will have the time windows shown in chart to get above 2333 resistance and attempt the full markup with a run to 3458.
The important thing here is price needs to keep up with time. If it trades in the green zones it accomplishes this and will see explosive the explosive upside outlined in previous idea. If it trades in the blue zone price is exceeding time (ideal case for bulls) and this is where we can see some wild price action like back in July 2021. If it trades in the red zone it is at a major risk of more bearish price action. Finally, trading in the white (no color/fill) zones it will see sideways/consolidation. Refer to bigger picture for the main critical levels:
Best of luck to all.
Markup
Markup ActivatedMarkup was activated this morning above 1089.43
If we clear 1111 I expect explosive upside to 1713.53
If we clear 1713.53 by July 12 (7/12/2022), it can run to test resistance at 2333.93
If we clear 2333.93 by July 21st, the initial target becomes 2752.20 - can hit this by July 25th
Above 2752.20 (within this time window) and they invoke chaos with respect to demand. Goal target will become 3458.32 by 8/4/2022, but it can reach as high as 6189.97-7665.74 by October 27
This window of opportunity closes on 9/1/2022, after which the probability of being able to break resistance at 2333.93 begins to accelerate, and approaches 0 past October 27 2022. A realization of 2333.93 after Sep 1 will likely result in a rejection, followed by a downside move to a new low where they will re-attempt an accumulation setup that can end this corrective wave.
🚀🚀 EUR/USD - SHORTPlease Like, Share & Comment on my post.
I am looking for potential short on EUR/USD
Price has now BOS on the 1hr timeframe and is also creating LH's and LL's, there is a shift in market structure.
78.60% is a key level for entry which resistance at this level.
Happy Trading Traders.
Gold High Probability Swing Weekly SetupHello, Traders as you can see we broke a swing high.
Then we created a swing low.
When a swing high is broken the algorithm wants
To seek higher prices.
In order to do so they have to create a swing low to get in trend.
Remember the algorithm buys in down candles not up.
XAU/USD UpdateHello, Traders as you can see from from my previous post
I called Gold to 1780.
You can see we had a great reaction.
Could see price drop to 1772
Which there is a orderblock at.
You can see the sell side imbalance that price has left from dropping at 1850.
In the future we will fill that area.
Im bullish on Gold this week.
XAUUSD Daily ChartHello, Traders as you can see price respected the orderblock at 1850 and rallied down to 1800. I was expecting fomc to be more volatile and for gold to rally up from 1820. However, that wasn't the case. As gold is entering a discount market Im waiting for gold to drop down into the Bullish orderblock and ideally be buying at 1880 which is a algorithmic level. We know the algorithm seeks the 20-50-80-00 numbers. I wish you good luck and good trading.
EURJPY continuation -markup-EURJPY is still bullish so I'm happy to look for buys to maybe target the supply zone above us.
I'm waiting for a retracement into our supply to take a short-term sell and then I will look for buys.
keep in mind to mark all these zones on your own chart so it's much more clear for you.
this is no financial advice!
PropNex (OYY:SGX): Earnings OptimismAnalysis Forecast:
Expect to Retest Resistance at S$2.20
Analysis is For:
Swing Trading - Generate Portfolio Alpha
Supporting Technical Observations:
1. Sign of Strength (large volume on buy up day)
2. Fund Flow Index (FFI) Turned Positive
3. Stochastics Bullish reversal
Stop Loss
If PropNex breaks below S$1.90, expect trend continue to consolidate or turn bearish
$MARK Remark Holdings did 88% retrace after the last meme run$MARK Remark Holdings did a full retrace after the recently seen meme run, if we go for a second run, it might be off of this levels.
It's nothing to do a serious swing trade on, therefore this is NOT a Setup.
But don't be suprised, if we see another headline day or two in this stock.
Maybe put a volume alarm on this one, that's what I do, and just forget about it,
and in case we get some serious volume back in $MARK one could jump in with a small position.
SHIB NEUTRALI am neutral on shib. waiting for a better deal in the triangle and some confirmations before going long any further. 30b + market cap is pretty hot and could cool off for more altcoins soon.''
Rating 60-40 neutral bullish.
We are reaching the final portions of phase 2 markup, into the "distribution and publicity phase" the final peaks and then inevitable fall of shibcoin -61% before its next doldrum phase.
FOMO Ends At 60kWow, just wow!
We have literally slashed all the important resistances i mentioned in my previous post.
Except ONE.
One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs.
Bad news is, we have also reached almost at the top of our upward trend channel as well. I see max 60k can be achieved with one last pump in the short term. That's only 6k or 11% from our current level.
In the mean time price action was like pumps and sideways in between, not suitable for TOTT which was giving false signals. So, i switched to the best option for sideways markets.
Tha gird bot.
Range between 47k - 60k, it buys & sells every 0.5% move. So, by the time (if) Bitcoin reaches 60k, i would have sold all my Bitcoin and ready to buy back at lower prices. So i don't need to worry about the price direction.
Finally, 60k would be my ultimate short target, while i'm slowly selling on the way and taking my profits.
This makes sense when you think about psychologic levels at every 10k. 30-40, 40-50 and 50-60.
We have crossed 50k too fast and everyone FOMO'ing in right now, should take profit early and exit, because this is designed to take your money. When you see Bitcoin as trending topic on Twitter, it's time to move towards the exit.
But hey, what do i know :)))
Trade safe!
ALGO/USDT ACCUMULATION!Hello my beauties.
ALGO/USDT is in a phase of reaccumulation. We are now waiting for the markup, and it will probably lead the prices around the 3 area.
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 value.
Peace.
Luca, TrickleDownFX
BTC Wyckoff text book accumulation, ready for MARKUPFollowing the idea of the Wyckoff accumulation that has been discussed by trading community last month.
Now it looks like clear Wyckoff accumulation, we had the spring. We flipped the Q3 opening which was also the middle of the range (35.5K), retested it (at 36.5K when the price rallied to 40K then bounced on 36.5K, which is above the 35.5K middle of range, so it should be considered as a sign of strenght.)
What happened and why so much people got trapped ?
We printed 8 daily green candle since the 21rst of July, which can be considered the spring of the Wyckoff accumulation.
People called for price below 28K because of the wicks, but if you look at chart in LINES instead of CANDLES, you can see that we indeed had a spring, even if it was a weak spring.
But note that not all accumulation phase have spring, if you look at the second schematic of accumulation, there is no second spring (THERE IS NO SECOND BEST - ahum sorry ) school.stockcharts.com
Wyckoff accumulation should be analysed checked in LINE, or without the wicks .
Se we are currently at the SOS in the 39K - 41K range, option expires today in around 6h.
If there is no price reaction, there will be no FUD to worry about for most trader.
Let's see if price will markup and if we enter phase E.
Last thoughts:
We can't still confirm 100% that this is a Wyckoff accumulation we have to see if the price breaks 42K resistance, and starts trading in the 42-52K range, with 46K being the first strong resistance and middle of next range.
But looking at the momentum, how price bounced at 36.5K and price being nicely held/squeeze at top range resistance, it is very likely to see a price markup, and I would orient my trading strategy for longs according to these elements.
INVALIDATION :
What would invalidate this idea ?
If we break below 36.5K (last support) I would consider this invalidated.
If we break 35.5K (Q3 opening) I would consider this REALLY invalidated.
If we break 39K (low of SOS range) I would consider this MAYBE invalidated, but still remain confident in this idea, I would be looking at the price action on 1H - 5MN to see if structure looks bearish or bullish, and would try to add to my long position according of PA.
[WYCKOFF] Upside to BTC?Hi!
As my first ever post on TW I would like to share an update to the prediction of the BTC price movement in the short-mid term using the wyckoff method.
At first I will be showing you a drawing of the current BTC graph with the wyckoff theory visualised on top.
Then I will show two images, At first, "The accumulation #1 schematic", followed by a list of terms explained.
Finally I would like you guys to look at this comparison for yourself without too much bias wether you are a bull or bear. Personally I would like to be bearish at a time like this if history repeats, but can't help but take this consideration facual.
I have to go to bed now, but hopefully this gained you some valuable information for your own research.
I will be happy to answer your opinions on this Idea! Happy trading :)
USDCAD Developing a New Uptrend Last week, the USDCAD was finally able to break out above the upper boundary of a massive Accumulation range. This happened after a prolonged period of consolidation above the 100-day MA (in blue), underpinning the steadily rising bullish bias.
The breakout above 1.21350 and the 200-day MA (in orange) implies that the USDCAD may finally commence establishing a new Markup. This transition from the preceding Accumulation into a new Markup occurs as per the expectations of the Wyckoff theory.
The price may yet drop to the upper end of the Accumulation from above before rebounding and continuing to head north. The first major target for the new uptrend is underscored by the 200-day MA (in green). This is the resistance at 1.22700.
US30 Take Profit Had a very successful trading morning. Hope you'll did as well.
Price kept playing around my asian box before finally giving me the push down I needed.
When I previous marked up my chart it was around 1am est time. So my chart was done pretty early. Based off how the market moved and how late my move took place. I will wait till NY session to trade and to markup a US indice.
also doing some research on best times to trade this type of pair is going to be between the times 9:30am-11:30am. My move finally happened but it happened around 9. So from here on out, I will be marking up a little bit before opening US markets.
Please feel free to leave any advice that will make me a better trader. Thank you
Happy Trading.
US30 FORECAST 4.29.21Good evening. This is my markup for us30.
Fun fact: Currently learning candle stick patterns. tonight homework assignment is to identify 3 of the candle stick patterns we went over today. We are having, what we call a 3 pair challenge. Where we markup 3 pairs. adding in the candle stick patterns was a added bonus. Let me know how the charts looks and give me some feedback. Send 3 pair winning vibes only my way. Thank you !!
Markup was done on the 1hr to get support and resistance zones.
fib. was placed on the 15min and the 1hr. they both matched up beautifully.
When price breaks out and closes below my .236 and gives me selling vibes. I will do just that.