SMLT 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
+ long impulse
+ 1/2 correction
+ volumed T1
- support level???
+ volumed 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit expandable to Investment trade
Daily CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed Sp
+ weak test"
Monthly CounterTrend
"+ short balance
+ ICE level
+ 1/2 correction
+ support level
+ biggest volume manipulation"
Wyckoff
USDT.D Wyckoff Distribution Profile - Bullish Q4 Upon UsUSDT.D Distributing as BTC accumulates.... The Perfect Storm and great times ahead in Q4 are upon us!
As BTC sets up in its accumulation range near perfectly aligned to the accumulation schematic i shared prior.
USDT.D is setting up near perfectly according to the Wyckoff distribution schematic too, which is no surprise as their relationship is inverse.
A pullback is needed and forming in the market, forming phase 3 of the profile into last points of support and last points of supply.
Phase D to follow - The expansion out of the range, leading us into a beautiful Q4!
Just as BTC looks to be in an accumulation range, USDT.D looks like its forming a local distribution range as expected at these levels and as ive said plenty of times prior.
When I delve into the daily TF it becomes more apparent and easier to see, just like it is on the BTC accumulation range.
USDT.D has pushed into the FVG i was looking at and come lower into the range lows and closed bearish on the daily below the prior swing low indicating weakness.
USDT.D is naturally having a pullback now after taking SSL and filling all the FVGs in the range, and BTC and the market is also having a pullback as this trends up with it being inverse.
As im seeing this as a distribution range, i expect this to push back into the upper bound of the range into supply and form a last point of supply in a distribution profile, before continuing bearish pro trend and truly breaking to the downside throughout Q4. This is the same as my BTC analysis where im looking for a BTC pullback into a LPS before continued upside into new ATHs.
This in turn sets us up for a bullish Q4 in the market as USDT.D breaks down bearish pro trend and into the HTF targets around 3.73%, whilst BTC pushes into new ATHs alongside a bullish market.
We are not prepared enough for whats to follow 🚀
EUR/USD Buys from 6hr demand at 1.11200EUR/USD (EU) Analysis:
I’m expecting price to move down slightly to sweep the liquidity resting at the equal lows. Once those lows are taken, I anticipate price to slow down and begin accumulating in my 6-hour demand zone, where I’ll be looking for potential long opportunities. This aligns with the current bullish trend, making it a pro-trend setup.
If price moves up without sweeping the equal lows, I’ll shift my focus to selling from the 16-hour supply zone above. For now, EU is caught between areas of liquidity, so I’ll wait until midweek to assess where it stands before making a decision.
Confluences for EU Buys:
- There’s significant liquidity above the demand zone, which is a positive signal.
- The demand zone has led to a break of structure to the upside.
- The overall trend remains bullish, supporting this pro-trend idea.
- The (DXY) continues to show bearish momentum, which supports a bullish EU outlook.
There are still imbalances and liquidity above that need to be filled.
Note: Price has already reacted to the 4-hour supply zone I marked last week, which could be causing this minor pullback towards the 6-hour demand zone.
Have a great trading week, everyone!
GBP/USD Longs to Shorts. Bullish pressure weakens...I expect price to push a bit higher to reach the weekly supply zone above. However, since price hasn’t fully broken structure and has instead swept liquidity at the Asian session high before dropping back down, this weakens the validity of the 7-hour demand zone I previously marked.
Given the failure to break structure to the upside, I wouldn't be surprised if price starts to decline. I’ll be watching for it to reach the 6-hour demand zone around 1.32000, where I’ll look for new buy opportunities.
Confluences for GU Longs:
- Price has left a clean 7-hour demand zone, which could trigger a bullish reaction.
- The overall higher time frame trend is bullish, making this a pro-trend idea.
- There’s significant liquidity to the upside, along with an unmitigated weekly supply zone.
- The US Dollar Index (DXY) remains bearish, aligning with the bullish outlook for GBP/USD.
Note: If price reaches the supply zone above, I'll also be looking for a potential reversal, which could present a strong sell opportunity. With NFP (Non-Farm Payroll) this week, be on the lookout for any significant moves.
XAU/USD Sell to Buy idea (potential pullback?)I’m watching for a potential sell around the 2-hour supply zone. Specifically, I'll be looking for the Asian session high to be taken out, followed by a Wyckoff distribution on the lower time frames. Since this setup is counter-trend, I expect it to mark a possible reversal point for gold, as the Wyckoff pattern has already played out on the higher time frames and the market structure has shifted to the downside.
If price continues to drop, I’ll shift my focus to potential buy opportunities around the 2,630 level. Once price enters this zone and shows signs of accumulation, I’ll look to trade with the overall bullish trend, as I remain optimistic on gold’s long-term upside.
Confluences for Gold Sells:
- A Wyckoff distribution has occurred on the higher time frames.
- The market structure has shifted downward (price changed character).
- Price is nearing the 2-hour supply zone, which could trigger a reversal.
- Despite gold’s bullish trend, bullish momentum seems to be weakening.
- If a full reversal doesn’t occur, a pullback is still likely before price continues upward.
Note: If price breaks above this supply zone and makes a new all-time high (ATH), I’ll look for a nearby demand zone to catch buys before price mitigates the 8-hour or 10-hour demand below.
Could this be the fall of the Dollar???The dollar is about to break the last significant structure on the monthly time frame. We have seen the dollar dropping over the last few months after its reaction from the last swing high.
Market structure shows price creating lower lows and lower highs which are confirmed by endless BOS. We can see a clear 11min OB has been left from the last low that price created once it tapped into the 18h demand which may allow us a buying opportunity to buy the dollar up to the 1h supply where we will continue to see it fall to it's untimely demise.
previous price action from this 18H however, didn't create much movement despite the fact it also took ASL liquidity possibly suggesting buying power in the market has no strength what so ever. We have to also consider the possibility price may not even be able to push back up but rather fall targeting the Asian lows as this would be considered a magnet for price movement.
EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers.
This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150
For more analyses using price and volume and the Wyckoff method, subscribe to the profile
Wyckoff accumulation Schematic 2 setting up in the market:My thoughts on the crypto market looking at the HTF to the LTF setups playing out in these lows in altcoins.
Im thinking we capitulated into HTF key demand levels and SSL in August for the august monthly candle leaving a large downside range in most pairs creating the sellers climax (SC) event with huge volume nodes and wicks, starting the initial phase of the accumulation process in this local range and stopping the previous trend.
We have then ranged further and reaccumulate in the August candle in key levels creating the AR, ST and UA events in the range. Then as we moved into the September monthly candle where we failed to run the august lows with the ST event in phase b, as seller volume droped off as price tests the range lows indicating a lack of sellers after the SC event, giving us a possible wyckoff accumulation model 2 taking place as shown in the schematic below.
In turn leaving SSL intact on the august lows below $49,500 which we may not run, whilst people expect another sweep lower to take the LTF range lows, not realising its a potential accumulation range setting up in a larger overall range from the capitulation, without the need for an external LQ sweep to the lows again.
Im seeing a lot of coins following last points of support in accumulation structures on the LTF in key levels, flipping LTF bullish on the daily and now pushing higher.
Im thinking we see a possible expansion set up for October Q4 out of the lows in line with LTF bullish structure, going from LTF bullish accumulation following last points of support (LPS) into new HTF bullish structure as we come into Q4.
Thats kinda how im seeing the market set up right now and im leaning towards not seeing a further crash lower into new lows and the prior August lows for the most part just yet and more so towards this being an accumulation range with a pullback to LPS before a new bullish move higher into ATHs
EUR/USD Sell to Buy idea from 1.10200This week's analysis for EUR/USD (EU) is quite interesting, as there is significant liquidity on both sides of the market. My plan is to wait for a liquidity sweep before considering trade entries. Ideally, I would like to see the price reach my 17-hour demand zone to continue the upward trend.
If the price doesn’t immediately reach that point of interest (POI), I’ll look for a short-term sell opportunity from the 4-hour supply zone, but only if I get the right confirmation. While there are equal highs and Asia session highs above the supply zone, I’ll be cautious and look for additional confluences.
Key confluences for EU buys:
- Significant liquidity to the upside, including equal highs and Asia session highs.
- A 17-hour demand zone that caused a break of structure to the upside.
- This is a pro-trend idea, with buys looking more favourable.
- The DXY (Dollar Index) is bearish, further supporting the bullish outlook for EU.
P.S. If the price breaks structure to the upside, I’ll look for a new demand zone to buy from. There’s a lot of liquidity built up above the current price that the market may target.
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames.
Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out.
Key confluences for gold buys:
- The price has been bullish on both lower and higher time frames.
- Two clean demand zones have triggered the recent break of structure.
- A bullish move is pending a pullback.
- The dollar is bearish, which supports gold’s upward movement.
P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
GBP/USD Longs from1.32000 back up This week's analysis for GBP/USD (GU) focuses on a potential retracement back to the 6-hour demand zone I've identified. Currently, the price is at one of my points of interest (POI) from last week, and we're already seeing signs of rejection. This suggests that the price may start moving downward from its current level. We’ll wait for mitigation at the demand zone before considering long positions again.
However, if the price breaks through the supply zone and continues upward, there's an unmitigated weekly supply zone that could trigger a reversal. We'll have to monitor this, but for now, I’m aligned with the current bullish trend and hope to see a retracement, providing an optimal entry for buys.
Key confluences for a potential GU buy:
- The price has broken significant structure to the upside, indicating a desire to continue upward.
- There’s a clean, unmitigated 6-hour demand zone, my main point of interest for potential long opportunities.
- This analysis is in line with the prevailing bullish trend we're observing.
- The dollar is showing bearish tendencies, which further supports a bullish outlook for GU.
P.S. If the price suddenly drops and breaks through the demand zone, we can expect a major reaction at that level.
[Daily Bias] Gold - Thu 091212024 - Drop lower Following the significant drop after yesterday's CPI release, I anticipate further downside today, especially as the market transitions from the Asian to London session.
If the previous day's Value Area Low (VAL) holds, we may see a retest of the Value Area High (VAH) or the Developing Point of Control (DPOC). However, if the VAL fails to support the price, a deeper decline is likely
[Daily Bias] Gold - Wed 09112024 - Continue RallyThe price is rallying with strong momentum, and I expect the rally to continue today following the CPI release. I anticipate two possible scenarios:
The previous Value Area High (VAH) holds, allowing the price to continue its upward rally after the CPI release.
The price pulls back into the previous Value Area, holds there until the CPI release, and then resumes the rally
QQQ & J225 Wyckoff Distribution I'm seeing Wyckoff Distribution Patterns on lots of index and mega cap charts, including QQQ J225 & MSFT. It seems pretty obvious that the next bear market is about to start, between Sept Trip Witch and March Trip Witch.
I have no association with Trading Coach, just borrowing their graphic for example.
[Daily Bias] Gold - Mon 09092024 - Selling dayAfter a significant drop on Nonfarm Friday, I'm looking for selling opportunities today. There are two potential scenarios:
If the price rallies up to the previous Value Area Low (VAL), I will look for a selling opportunity once it starts to drop again.
If the price cannot be rejected at the previous VAL, I will consider selling at the latest Developing Volume Point of Control (DVPOC)
Bitcoin - Technical AnalysisDear Analysts and Traders,
Looking at the Bitcoin price chart, I notice a variety of structures described by Technical Analysis. My attention is particularly drawn to elements related to the Elliott and Wyckoff methodologies. The market appears chaotic yet orderly at the same time.
I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand.
Background
Bitcoin's price is in a long-term upward trend. Over the past year, there has been a strong upward trend within a broad sideways structure. Today, the price is near the upper boundary of this multi-year structure, and at the same time, at the lower limit of a smaller structure.
Technical Analysis
In my considerations, I will use elements of the Elliott, Wyckoff, and VSA methodologies.
I begin by applying the key elements of these methodologies to the price chart from recent months. Starting with Elliott's five-wave approach, I outline the trend that has brought the price to these levels, marking it as (12345). Next, I highlight the three-wave corrective patterns with a white (ABC), creating a complex correction structure.
I add events consistent with the Wyckoff method to the chart. Due to the complex nature of the studied structure, I decide to mark processes of varying scales. I do this with verbal descriptions in red and green, supplemented by horizontal lines indicating support and resistance. The structure described in red is the dominant one. I analyze the volume dynamics, marking them with dashed lines and a red loop.
Additionally, I pay attention to candlesticks, especially in the context of VSA and their specific meaning in key areas, such as extremes or events related to the methodologies used.
Interpretation and Thoughts
Without a doubt, Bitcoin’s price structure is both intriguing and complex. Looking at the most basic elements of the chart, I see strength, and at the peaks, I don't notice setups like Trap UpMove or Upthrust with volumes significantly deviating from the average. Instead, there are numerous Shakeout events, often followed by local volume peaks in its declining trend. This is different from the setup at the point I marked as Phase C. According to Wyckoff’s method, this is where the largest volume since the halt of the uptrend has appeared. The Green Upthrust is particularly interesting. As part of a smaller structure, which I believe to be accumulative, it indicates No Demand. Of course, this is a sign of weakness, but what matters to me is the background, where significant potential distribution is evident, with signs of weakness seen through multiple breaches of the lower part of the trading range. I could treat this situation as Phase C, but of a distribution phase. However, I believe there is no overwhelming supply here, and in the actions of the Composite Man, I would expect an attempt to lead the crowd to the highest possible regions, trap them, and guide them to the inevitable. Here, the rhetoric is different—the market appears weak, but the area around Preliminary Supply has been strongly defended by the bulls.
From an Elliott perspective, I see a complex correction, and I believe it is a triple three, consisting of a flat correction, a three, and a zigzag. The end of this series of corrections, in my opinion, begins Phase C of the highest-order accumulation in this area of the chart. Supporting the thesis of an accumulation process is the volume, which follows a characteristic pattern: huge volumes at the halt, followed by a steady decline in Phase B, particularly during the descent from the peak of the Red Upthrust. The test of Phase C is abrupt, and the price once again forms a smaller structure. Here, I expect a test to appear, especially on a higher timeframe, confirming No Supply. For now, despite the chart’s grim appearance, I see more of a transfer of assets from the crowd rather than an attempt to push the price significantly lower.
The Bitcoin price chart presents a beautiful structure from a Technical Analysis perspective. I believe there is much more to be uncovered. I think my reflections on these price movements provide a basis to claim that an accumulation process is underway. Soon, confirmation of the lack of selling pressure will likely emerge—if I am interpreting the market correctly. The smaller Green Structure is a kind of retest that could evolve into a Turning Point.
Soon, the market will reveal whether my assumptions are correct and make clearer that which allows for easy analysis... after the fact!
Thank you all for taking the time to read my thoughts. I wish you successful analyses and winning positions!
CatTheTrader
[Daily Bias] Gold - Fri 09062024 - Dropping to the POCYesterday, the price experienced a significant rally and reached the naked Point of Control (POC), where it currently appears to be holding. We anticipate a potential retracement to test a key support zone below before making another move.
The price may decline if the previous POC holds.
Alternatively, the price could rise to test the previous Value Area High (VAH) before potentially dropping again