Solana has gained more than 45 % from last fall down that was in 5th August 2024 the trend right now is inside the range ( Phase C - Wyckoff Method ) The far target is 216 ( Top of the side way range) if the Re-accumulation phase has succeed. SL is 141.46 ( this for me is consider thin stop loss due to the high BINANCE:SOLUSDT volatility of the crypto...
#LINK This is a textbook stairstep up after a V shaped recovery from a Wyckoff Spring as seen in the left chart where ETH did the same. Breakthrough volume followed by consolidation volume while stair stepping up. Mikey Likey
LINK A textbook Wyckoff Reaccumulation Spring with a clear ABC with volume in all the right places. Sweep the channel with lacking volume while the OBV X-ray view is signaling a solid potential of UP is in the works.
Entry: $35.11 Stop: $33.33 Exit Goal: $37.78 w/ Trailing Stop on the way up Risk per share: $1.78
Gold is currently inside a daily/4h bear channel correction to lower 1800 weekly/monthly demand levels. Overall trend for gold is still bullish on the weekly/monthly, so a buy in the 1800s is a very good opportunity, which would mean forming a Wyckoff Phase C LPS for a potential rally to 2000 by December or next year. Failing 1800s or holding 2000 level would...
Every chart has a story to tell and this is the story of this chart The Story: We are on a heavy down trend Broke Support Level but with a very high PVR This High PVR on the down wave were buyers. How do I know? I do not at that time, but I do know later on because price never broke the low of the down wave Fast move up The confirmation is the down wave...
Every Chart has a story to say, that's the story of this one: This video explains the Wyckoff Spring Formation after high volume and the long Plutus signals. Enjoy! Learn to Read and Trade any Market
The Story: We are coming down hitting a major support level with a fast down move (speed index at 7.3 nothing like that on the down moves) High PVR on the touch of Support = Buyers High Speed Index 53.7S on the next down move = hard to move down = more buyers Double signal Wyckoff Spring (WS) and Plutus Reversal Long (PRL) and up we go! Enjoy! Learn to...
The Story: High PVR on 1st touch of support level = buying has started Increasing PVR as price moves down which means buyers on the down Double Long signal from Plutus WS and PL High PVR again without the price moving down and then moving up Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let...
Learn to read the chart. The Story: We are balancing on a significant Fib 61.8 Last SI before the fake break of Fib quite High at 17.6, probable buyers Fake Break = Wyckoff Spring formation start. PVR quite high Plutus comes with a Long signal PRL Abnormal SI of 21.0 = buyers on the way down The reaction : large up volume wave with the corresponding...
With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly...
For the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now...
IOTA like many other tokens looks like playing the "Wyckoff accumulation Textbook". Let's see if this plays out. Note that marks signed on the chart are irrelevant with time and price. They were drawn randomly and not after checking the correct period time intervals and price changes. Not financial advice! This post is just an idea! Do you agree? What's your opinion?
On both HTF as LTF a Wyckoff accumulation pattern can be drawn, bullish.
This is for short term. This is risky too. Before entering tread do your own research!
Preliminary Support (PS) The first significant rally that occurs after a prolonged decline that indicates budding demand showing up. It is usually associated with a minor panic preceding that rally. Selling Climax (SC) A major panic that occurs at the end of a steep decline in prices. In its classical form it is typified by large range reversal in prices...
This is for short term And this is risky too. Please DYOR before entering the trade.
Interesting if this happens on Hbar. looks good. Accumulation manipulation expansion. THIS IS NOT A TIME ANALYSIS IT ALSO CAN GO LOWER. NFA