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Wyckoffmethod

Embracing Uncertainty: The AUDCAD Resistance Saga - A Battle of In my analysis of AUDCAD, I pinpointed a specific area marked by ultra-high volume, suggesting a potential retest of this zone. It's worth noting that such areas are typically revisited in the majority of cases, prompting the question: am I anticipating weakness in this currency pair? Maybe, maybe not... Let's delve deeper. Examining AUDCAD on the weekly timeframe unveils a potentially bullish scenario. Two weeks ago, a down bar with low volume hinted at minimal selling pressure. Last week's bullish engulfing candle further reinforced this sentiment. Should the bullish trend persist, my immediate resistance level stands at 0.90640, potentially leading to retests at 0.93500 and even 0.95000. On the daily chart, an intriguing observation arises. Despite a widespread up bar indicating "No Demand," Friday's price action continued its ascent, defying this technical signal. Such behaviour strengthens the overall bullish narrative in AUDCAD, suggesting sustained upward momentum ahead. However, the 4-hour chart signals potential weakness. An up bar with ultra-high volume closing mid-range indicates selling pressure. The last 4-hour bar of the trading week confirms this with a downward trend. In conclusion, which direction will this currency pair take? My prediction leans towards an upward trajectory, contingent upon confirmation of strength from the weekly and daily charts. Upon breaching the resistance level, I'll be vigilant for signs of testing or absence of supply, particularly focusing on low to ultra-low volume across the 1-hour and 4-hour charts. Conversely, if prices retreat from resistance and trend lower, I'll be on the lookout for indications of no demand or upthrusts, especially across the hourly and 4-hourly charts.
by one-good-trade
BITCOIN Bearish Wyckoff Distribution 🚨 Supply in ControlWhales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨 With the CME Gap Fill, GBTC and FTX sell offs, Bitcoin is soon entering Phase E: Supply in Control where everyone realizes there is little chance of a bounce and everyone panic sells.
COINBASE:BTCUSDShort
by ChartCinema
🔥 Bitcoin In Wyckoff Distribution: Top Is In?Over the last couple of week's I've been very bullish on the market. My 40.000 thesis for this year is still my personal most likely scenario, but that doesn't mean that we can't look at the market from a more bearish perspective. So, in this analysis I want to take a look at a bearish Bitcoin scenario that might be playing out at the moment. Bitcoin might be trading in a Wyckoff distribution pattern. As seen on the chart, the BC/UT/UTAD are nearly identical as on the schematic. Three higher-highs, of which the first two are sold off quickly, and the last (UTAD) took a while before it turned bearish. AR and SOW are also fairly identical to the schematic. Difference is that we had two retests of the AR-low between UT and UTAD. In the end, the schematic is just a schematic and the market will rarely follow it exactly. I'm interpreting it more as a guideline instead of an exact science. Were this pattern to play out, Bitcoin will likely retest the SOW area in the near future, and likely fall through the SOW support. This would also mean that 38.4k is the 2023 top, with a move towards 30.000$ being fairly likely. Like mentioned before, I'm still bullish on the market. However, it's important to spot bearish signs when they are there. The fact that we had three higher-highs which were all sold off is alarming at the very least. Time will tell if this pattern will play out. For now, keep your eyes open and be watchful. Share your thoughts in the comments, interested to see what the community thinks of this pattern.🙏
Short
by FieryTrading
30
GBPUSD LONG ENTRY NOV 2 2023Accumulation schematics shown in 1h TF. Check the market structure and you can find liquidity grab from 45min timeframe down to 5min time frame. Its funny how fractals work because as you can see the daily is bearish but if you zoom in to 4h----> 1H you can notice the retracement because of demand zone interaction . I go to 30min and 15 min timeframe for entry. wait for validation and pull the trigger. check the charts and see the exact entry november 2 new york session activated the pending order. RR: 1:14 ACCUMULATION
Long
by glyrad
2
Litecoin Macro Analysis : BIG MovesHi Traders, Investors and Speculators of Charts📈📉 From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis. By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train. The bullish signs are: ✅ Consolidation under resistance zone / bullish ✅ Higher Lows - buyers are buying up dips What's still missing: ✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5) ✅ Weekly candle close ABOVE 70 Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:LTCUSDT
Long
by Crypto-Check-
22
EOS WILL BLOW FACES OF AGAIN ONE DAY. BE READY!EOS is currently in a consolidation zone and it looks to me to be coming to the end of a massive triangle. Let's see what happens this week, I think a nice pump incoming. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
ELong
by Navitility