AHT by Request PTP and KeyCode Basic Breakout to high Re-AccumI see a text book break out past a previous high that will go into consolidation and Re-accumulate to reabsorb the float then go for a new high again.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
Wyckoffmethod
BTC to $30000KHey Team,
I have been monitoring BTC for sometime and reviewed the previous re-distribution on the early 2018 drop.
I am calling a low from here with a couple of key things noted on the chart.
* I have noted 3 rallies; just by visually observing you can see structural weakness. The last rally has been cumbersome on really bad volume.
* Look at the down swings; smooth and big spreads.
* No evidence of demand anywhere; for any move UP we need a dump for liquidity.
* End of rally 3 sees strength to the bears with a smooth long move downwards and poor recovery.
* Latest move of 34000 has a very low volume
Overall I think we see a drop lower. It could be a case where it is a ease of movement move and we drift lower as there is just no demand of significance in the market.
MGI KeyCode 45 min Path for MoneyGram to send you money's... I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
RKT looking like its ready for lift off at this spot..T-minus 5 before this takes off, but does it have rocket boosters or just rocket thrust.....I have two paths here that could be possible.
I left the unique pattern it was making as keys to where the same moved happened in the past and carried their trendlines forward.
AIKI by request Key Code PTP 45 min chart will show price action best on the yellow... White in the Daily. Hope this helps.
by iCantw84it
06.03.2021
I made a key code of current price action,& this is what I foundSo amongst all the other weird things I see in the market everyday I would like to add this one. I found it amusing. What if you could make a key code of current price action to determine when to get in, by basing it off past price action that fit insdie the key code you just made? See as instituionals are trading a stock, 100s or even 1000s of algos are running simultaneously creating a unique pattern in the price action. It repeats itself over and over until one of the major ones leave the stock or change their algo. That said finding an easy way to find these moves and what happens next is the next step. if it repeats itself more than once....it stands the chance of repeating itself again.....
So there lies the basis of my whole trading strategy, cross hatch that with wycoff method and the Curve plus about 5 other weird things I have seen in the market that holds true still to this day and you have what i do on a daily basis.
is it right or wrong I personally don't care. As it works for me and I make a living off it. Will it work for you, idk.... I have acquired savant syndrome, what looks plain as day to me might look greek someone else. Idk.
That said I enjoy doing these so even if you can't see what I see, you will have a constant flow of these always to look at.
by iCantw84it
06.02.2021
pls like/ subscribe / share/ comment below / request a breakdown of a stock... as its the only way I can gauge if you want more of these or not.
BITCOIN 😲 Wyckoff Accumulation 👍 Still in ProgressFinally, Bitcoin flips the 1H 200 EMA to support. A few bullish volume spikes show clues that retail traders may be flipping bullish. Just need more volume now.
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
🟥3) Price needs to get to the $23,000 Resistance Line
🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🔥🚀
Gold - Wyckoff DistributionIdea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
Crude Oil Headed Towards $70 p/bThe price of crude consolidated above $68.00 following yesterday's OPEC conference, which underpinned growing demand driven by robust global recovery.
The price is currently trading at its highest level in over a year (since before the coronavirus crash), which could cause volatile fluctuations nears this historic resistance.
Traders looking to join the rally need to utilise trend continuation strategies under the Wyckoff Cycle method.
I SPY a Drop coming very soon ...Just figured I would chart this to see what the market is going to be like for the next few weeks. Agree with it disagree with it ...it makes no difference this is just a means of helping you get on the right side of the fence. I dont play the SPY so I'm completely neutral on this.
by iCantw84it
06.01.2021
CCIV Lucid Motors Merger Looking for a place to get in?by iCantw84it
05.25.2021
SPAC Churchill Capital IV gains after Lucid Motors tweet about event tomorrow
May 25, 2021 12:06 PM ETChurchill Capital Corp IV (CCIV)Churchill Capital Corp IV (CCIV)By: Josh Fineman, SA News Editor3 Comments
SPAC Churchill Capital IV (NYSE:CCIV) rose 3.6% after a Lucid Motors tweet about a Lucid User Experience event tomorrow.
Electric car maker Lucid Motors is going public through a deal with SPAC Churchill Capital IV .
Earlier this month, Lucid Motors CEO won't commit to 20,000 electric cars in 2022.
See Seeking Alpha Catalyst Watch about CCIV event scheduled for tomorrow.