## Introduction to Wyckoff Theory Richard Wyckoff developed his methodology in the early 20th century, creating a systematic approach to market analysis that remains relevant today. His method is based on the principle that market movements are primarily driven by large institutional investors, whom he called "composite operators." ## The Concept of...
Something to always note is Hood and Coin's similarity in PA. From a simple outlook, COIN is still well positioned to break past IPO prices very strongly
Looks like the thesis played out - albeit I have to admit if you only read the previous post's title then you'd think my play was it was going to $0 haha. The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a...
If you see increasing volume on highs, that could indicate distribution rather than accumulation. In the Wyckoff method, you want to pay attention to the relationship between price and volume to determine the market's intentions. Increased volume on highs suggests that there might be more selling interest at those levels, signaling potential distribution. The...
Fib time zone, vol profile, fib levels, MA ribbon, chart pattern, trendlines and price action recognition I've developed over a 2 years of intraday furtures trading experience. I think large cryptos have a good chance to be a store of value in the future. As it usually is, though, charts and real world events usually go hand in hand.
Hello! VALE is in a consolidatory phase, and is set to increase in volatility soon. Going to take a miracle. The current trend is bearish. Time cycles show confluence as October 2023 being the next POI. This is not meant to determine price so much as it is to softly introduce you to a 4-step cycle: Up, retrace, revisit highs, selloff. This is NOT a suggestion of...
BTC.D look from my perspective. 53.33% looks like a massive confluence area. 52.07% is a clashing of the trends. Trend-based Time zone says may 15 is a week to look at, Hurst Cycle says we have the current trend until week of June 10 since mid (that marked a bottom, so we are in an uptrend). I am leaning 70% toward the bullish side. We broke but quickly retraced...
FB is copying a pattern it did during the 2020 pandemic. This aligns with my theory of ATH being in march of 2023.
Crox is amidst forming a topping formation in the pattern it is in. I think it has little gas in the tank and if the top confirms, I will look for an entry. Zoom in to see my play. Should be quick, 6:1 risk/reward. For longer term shorts, 50% retracement should be around $125, but I would imagine it could form a Bearish Head and Shoulders (the longer term path is...
TSM going to complete its rally here by joining the likes of AMD and NVDA. PT is $200 by early 2022. Positive momentum, breakout candle, and good volume indicating a breakout
Dont have a timeframe but it will fail the channel, revisit it, then fail it and break down. It can keep this up channel going for a year, two, or a few months. But look out for the second break
Entered mara in the yellow box area. This thing is going past ATH. Elliot wave, moving averages, fibonacci, BTC chart, january rally, all things considered. This thing is going to blast off
DDOG can do the PTON move. ZM, FVRR, SPLK, BIG, PTON have all been stocks doing this pattern. Its like a H and S with a solid long term support line. Makes a shoulder, head, then small shoulder and breaks down.
AMD completed a 5 wave impulse pattern, and seems to be doing a 2nd wave from a 3 wave corrective pattern on the daily chart. Wave 3 looks like it may bottom around $120. Additionally, if AMD continues further it would have completed a Decreasing Head and Shoulders, suggesting around $120 being the bottom as well. Furthermore, the RSI on the daily has weakened,...
DDOG doesn't look good in the short term, It needs to corrrect. I would be happy with a visit to $120 to confirm the resistance.
TTD will be at $162 by next year. On the weekly chart, it formed a flag and pennant. I think it might revisit previous resistance and curl up from there.
Fb megaphone played out. Still bearish for another $20-30, then we're going past ATH.
OKTA looks bearish after confirming a downside after revisiting a wedge. I'm bearish until $150. It will need to break $200, a key yearly support to do this.