school.stockcharts.com Please do yourself a favor and google Wyckoff Distribution or simply click the link above. BTC right now caught EVERYONE off guard. Everyone including your neighbor, your co workers, Twitter, and your dog was saying the markets are about to PUMP; However, this is the beginning of a larger distribution towards the downside. Wanted to...
I am using a Wyckoff Distribution Schematic #1. Right now we are in Phase D. We already had an upthrust. (UTAD) is the distribution counterpart to the spring. It is the terminal shakeout that happens in a stage of accumulation. Keep in mind this is the 1H time frame. So this move will happen very shortly. My guess is by midnight tonight or tomorrow we should be...
Thanks for taking the time to read my analysis. Today we are studying the 1H time frame for the BTC chart. I drew a parallel channel where price seems to come up wick the 71,200-71,600 levels then go back down. More likely a quick little short squeeze to wash out the levered shorts before making the next leg down. BTC loves doing this as it is a highly leveraged...
Disclaimer for anyone reading this: This analysis here is done with a sprinkle of TA, but a majority of market psychology and institutional strategy. Right now Lady is on a RIP. I know that feeling, waiting for a correction only to wake up to your watch list continuing to sky rocket. How the hell are you supposed to enter a coin with the candle looking like this....
LADYCOIIN (MILADY10k) one of my favorite meme coins as you can see from my previous articles. I will not talk about why on this idea. However, prepare for a nice pullback. I am PRAYING for these levels 0006-0008. Will we get them? I think so. BTC has completed a 5 wave count, and we should see a retracement soon. SHORT term bearish on lady. LONG term BULLISH on...
hello everybody. ladycoin is continuing to make moves towards the upside. When I first wrote about this coin it was at 000580. its now at 0010. Good levels to buy are at 000790-000820. Possible chance we can re test 000680 levels but I would not bank on it. Again, everything is dependent on the way BTC moves. However, with a marketcap of only 45M, you are getting...
Strong support around .000498 levels. Safe place to long or enter the market. With the BTC halving approaching in April, be prepared for a nice market correction around the 50-52K BTC levels. Keep in mind the top two holders of Ladycoin is Bybit and Crypto.com. Crypto.com captured 13M out of the 40M market cap that Ladycoin has at the date I am writing this...
Okay, before you guys take me down and slander this post. I invite you to look at this chart with a keel, calm, open mind. You will be surprised at what you will find out. Before you continue to read just know my thesis is invalid if the crypto bull market does not happen. Now, with all these meme coins like PEPE, SHIB, DOGE, ext. we are talking market caps of...
Like my previous CRSPR post where I displayed clear TA on how the stock price was clearly in a accumulation phase and that we were going to spike up, which is exactly what happened. This idea I was a bit nervous to publish because the TA looks a bit weary. However my gut usually proves me right for the most part. PayPal stock is clearly showing bearish patterns...
Looking for calls on CRSPR around the 45ish levels. Very bullish on this company and from what I can tell we may be able to even buy some call options now but odds are IMO we will re test the 45ish price levels and then BOOM expand to the upside.
There are two main reasons for my thesis. There are multiple long body green candles with no wicks at the bottom of them. (Weekly Timeframe) & we are also show casing long wicks at the bottom of most candles, not the top. Evidence that we are in an uptrend. Market should retrace a tiny bit and expand to the upside. Distribution seems to have ended. At least for...
If we capture the lows in 2018 (VERY ACCURATELY) we can see we are on pace to bounce off that bullish trend line Trend on the VIX shows we are making higher highs and lower highs Mid to early 2023 we should bounce off that trend line (few months of sideways price action on VIX) AND IF THE MARKET CONTINUES TO GO HIGHER AND THE VIX HOLDS THAT TREND LINE THAT WOULD...
In both of these charts, you can see the correlation between 2 sectors that had if not IDENTICAL run ups due to their nature of being overbought and unregulated. (housing crisis of 08 vs Crypto crisis of 2022) As of now we are still on our path downwards. The housing crisis took until Nov 2007 to late 2009 to start on the path of recovery. We know cryptocurrency...
by creating lower lows and lower highs. I see this drop from 19K to 15K levels similar to the big drop from 25-19K levels which was our last bearish drop earlier this year in June. If this drop plays out like the previous one. We will consolidate up & down for several months before contiuing the bear trend down hitting that resisted support line. If we break that...
on the Daily time frame no other day chart has had the volume we had today. Could be FTX dumping assets could be manipulation. Who knows. According to Midterm history charts we should rally by end of year. Next year we will see the biggest dump on BTC, fortunate thing is you can get those short positions ready so Q1 2023 you make money. Only counter that I see is...