davidmarcus1324

davidmarcus1324

Fixed doge in Wyckoff distribution. Will a UTAD form? or will demand be so weak it barely rallies to the BC? Watch for this schematic to fill out more.

davidmarcus1324 Updated 

Just updating my idea on the adam and eve breakout for JUV. So far it has brokeout and backtested previous resistance and is now oversold on the daily stochastic rsi. It broke out of a falling wedge and the volume is declining. Macd about to cross bullish. Could raise the stop loss to cut losses or keep profits.

davidmarcus1324

This is a long-term idea. Based on the cup and handle that has formed for OP, it is playing out so far, slowly and surely. I see a rising wedge on the daily which may push OP down to $0.86 or get a bounce at the bottom of the ascending level of support $0.70-$0.86 If price holds and rides the ascending level of support it may find resistance at $1.40 and come back...

davidmarcus1324 Updated 

I will post in the comments the 3min chart showing a closer look on whats happening. Bearish divergence on the indicators. Volume declining with the rising wedge.

davidmarcus1324 Updated 

There is no breakout so a break to $7.70 is not confirmed YET. Inverse head and shoulders may be forming along with a cup and handle that has formed. I would look for price to break above the neckline at $7.43 and if we get candle closes above this level, i would open a long to $7.70 and exit this long trade. Bullish cross on 15min MACD and stochastic RSI is...

davidmarcus1324

Falling volume falling price and falling wedges, what more could you ask for. Stochastic RSI is overbought on 15min, 1hr and 4hr and indecisive in the middle. I do notice the stochastic RSI remains overbought when price breaks out of a pattern. Price is hitting resistance at the 4HR 200 EMA, if price does pump expect some resistance at the 800 4HR EMA. This target...

davidmarcus1324 Updated 

Falling wedge with declining volume. Oversold 45min time frame. Lookout for a breakout first and backtest if you were to long this idea.

davidmarcus1324 Updated 

Falling wedge recovery to an UTAD or LPSY. 5min oversold and 15min just about oversold.

davidmarcus1324

Descending triangle so far, i would watch out for a spike in price before a drop just like the previous fractal which i have laid over price. This still matches up with a break below the AR low in Wyckoff distribution which would make price break $20,000 and this could be that push down. 1HR stochastic RSI overbought. Rising wedge on 15min that has broken down...

davidmarcus1324

Short until price breaks the AR low at $20,000 then if price goes any lower consider filling a long as the next step in Wyckoff distribution is a bounce in price back above the trading range at least to the ST high which is where you would take profit and wait and update the chart and watch for the next move.

davidmarcus1324

Falling wedge to the UTAD like i expected before the volatility during the meeting earlier. Watch out for a new high and with that according to wyckoff distribution that is the most optimal point for a short. Volume is declining with falling price indicating sellers have fallen off.

davidmarcus1324 Updated 

Bear flag down to the 800 EMA. This matches up with a SOW in phase B of wyckoff distribution.

davidmarcus1324 Updated 

Could long this falling wedge which would form the upthrust after distribution. I would take profits at the UT high ($0.158), price may break the UT price but better to exit vs be greedy for that UTAD higher high. And with that, that would be the best spot to open a short as the next steps in Wyckoff Distribution shows a markdown after the UTAD & test(Upthrust...

davidmarcus1324 Updated 

Either schematic 1 or 2 is forming so far. I suggest you keep an eye on this and keep updating it.

davidmarcus1324

Hidden bullish divergence on the weekly chart for DXY/BTCUSD which may cause price to make a higher high which would hopefully bearishly retest the rising wedge and that would be Bitcoin hitting the 1.618 at $16,783 and thats when DXY/BTCUSD will get a rejection and a massive pump for bitcoin and big dump for the DXY. The daily time frame shows an oversold...

davidmarcus1324

This goes with my AVAX bottom idea. With AVAX/BTC i see a falling wedge as well, but a nice cup and handle. If AVAX/BTC can breakout of the wedge (red line example) it may get rejected on the daily 200 EMA, and then pull back. My other idea is price just pulls back now as the daily stochastic RSI is overbought and hitting resistance on the wedge top. If AVAX/BTC...

davidmarcus1324

This goes with the AVAX bottom idea. AVAX/ETH has formed a falling wedge and i would expect price to trend down/sideways as price retests the wedge as support. I would keep an eye out for bullish divergence to form for a bottom to be confirmed. Volume is declining very nicely indicating sellers have fallen off.

davidmarcus1324 Updated 

Based on the 2 past bottoms for AVAX, price action formed a falling wedge with a rising wedge followed by a double bottom and massive run. Volume is currently declining with AVAX which means sellers are disappearing and in 2021 volume declined beautifully and AVAX would pump from there. So far so good for a bottom. (2020 BOTTOM i mean not 2019 for the first bottom, oops!)