10/18/2021 SOL/USDTWe have been in a range and broke structure both up and down persisting to stay in the range. Further, we could identify a Wycoff distribution play potentially hitting our 2HR DEMAND. Additionally, there are some imbalances left near that region which compiles to our confirmation of a bearish or Wycoff distribution play. The UT and UTAD portion are still unclear and we must wait for the rest to occur or it has already occurred and we have not spotted it yet hence why I am hesitant to create any firm assumptions. Lastly, If I see a bearish structure forming inside an LSPY retest or 15 MIN POI that would be my confirmation to enter the trade.
Wyckoffdistribution
Wyckoff on repeat (sequel)Completely speculative, crystal ball style. This idea is purely out here as a potential scenario in case we do see somewhat of a repeat.
We may not. It may be time to let the markets do its thing. My overall position is hold until 100k+. I will not take action unless I see this play out.
But as I mentioned, I do believe the manipulators will continue. Their goal is to push the markets up while taking profits.
In this case, if we break the previous ATH with strong sentiment (after having turned it into support), we will see extreme greed returning and participants going long.
The best time for a shakeout.
Note: this fractal is not one-on-one. I increased the size to match the % gains (40% legs) / drops (10% correction, 25% drop to accumulation) during the previous fractal.
Coincidence that it then matches the ATH on the first peak, then testing around that range during the second peak (or is it?)
Wyckoff on repeatThis is the pattern that has sustained my faith in BTC price increases since the may crash. Buying the lows at 30k and 40k.
If you look at the volume, it matches as well.
It could all be coincidence, but even if somehow the market as a whole is the cause of this Wyckoff accumulation and distribution repeating (which I doubt), it is not something to ignore.
You can find a clear distribution in September 2020 as well by the way, and we all know how that worked out.
The grip of the manipulators is strong, it won't stop all of a sudden. I would say, keep an eye on the chart. Look at the daily and 4 hour candles.
We may again see this 4 higher highs then a 5th lower high play out. If it does, I know I'll be taking profit right then.
Best of luck to all.
GOLD LIQUIDITY TRAP!!!Gold can some times be a pain in the ass but a good pair once it goes your way.
It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens.
Longterm we are bearish but sellers in the markert must be reduced.
I hope this gets out to as many people as possible.
It is not a definite price path but a path with a higher probability
BITCOIN!! Wyckoff Distribution to $44k?Can see a Wyckoff Distribution pattern forming on the 1HR chart, If price break down support on phase D, BTC price can go down from here to 2 Demand zone (GREY AREA)
1st area 45k,
2nd area 43k,
Potential Short term short set up but we need confirmation from phase D to go forward with phase E.
BTCUSDT Descending Tringle - Wyckoff RedistrubtionBtc creating classical Descending Tringle Pattern with potential of fake breakout on Top and its look like Wyckoff Redistrubtion Schematic
Descending Top - Decreasing Volume - Uptrust and Sign of Weakness - Pattern will be Confirmed if Fake breakout happen on top and price break bottom line on rejection and Pattern is fail if price close candle above UT
Target Point 1 Short Term : 37500
Target Point 2 Mid Term : 35000
Target Point 3 Long Term : 33500
Ali Dastafkan.
GBP/USD(update)By combining Wyckoff and smart money concept where by it works on any types of time frame, this is the daily chart of gbpusd. Most probably it'll drop till the next order block.
I'm still in a process of learning more in detail for smart money concept and Wyckoff, doing well so far, hope to gain support from experience traders here. Do drop some comments will be glad to hear from you guys perception.
$DJI Undergoing Wyckoff Distribution?Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com
Additionally, this same schematic took place in bitcoin not too long ago. See my related ideas below for the visual. It unfortunately played out to a "T".
Could it be happening again here? If so, be very careful with *any* longs.
$BTC Wyckoff re-distribution possible*The Pumpeye Perspective*
**$BTC**
If this Wyckoff re-distribution theory is correct then and we are now on our way down then the low will happen around the 3rd October and the spring around the 15th October.
Today appears to be very similar to the 12th May drop and could be the start of further downwards movement if the Wyckoff pattern is true to the current Bitcoin movements.
PLEASE NOTE
This chart and theory is not scare mongering or FUD, all TA is just probabilities and this COULD not play out, we are merely exploring possibilities.
PLEASE
Take precautions to protect yourselves and use appropriate risk management if you are trading this market!
Trade safely guys and please do contact the team if you wish to discuss things or the current market conditions are affecting you and you need someone to talk to.
Pumpeye ❤️
Will Gold fall down further? Wyckoff distribution schematicAre you trading Gold ?
We're done with our Elliott Wave plan so last Friday, Gold was fall further.
So, this is Gold (XAUUSD) with Wyckoff distribution schematic.
I'd like to see Gold's price downward.
First Target is around 1727.
What's do you think about this idea?
Follow to see more in depth Gold analysis.
BTC Wyckoff DistributionIt looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k.
Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!