YOu can see two trading ranges "fighting". A distributional and a reaccumulation. the reaccumulation is stronger (see the phases b in red and green) and potentially in phase c , so in a few days btc is ready for the uprun.
The Lines, Supports, Resistances show a high propability for a up move. Statustically it will start the next 1 to 3 days and from point and figure analytics it will go to 230 USD and maybe after a range to 450 USD. Good trading <3
The Range has a strong bearish overhead resistance. What do you think at the moment? Is Bitcoin the new gold? I think it will move into a converging pattern or into one with a shakeout and than go down. In the end we have to wait and go with the tide :) Happy Trading <3
The CRB vs. the IEF is showing rotational pattern into IEF and out of CRB. This can give early entry signals. The market is kind of with a low liquidity. But you can see a zone were liquidity has to reenter, because there are big positions. All in all it looks bearish for the CRB and bullish for the IEF, what is good for bonds and thereafter for stocks as well....
SUNDIAL GROWERS had a bullish break out of a wedge. Volume expanded outwards and converged on the way back to the puter line of the wedge. Now the ice line above 2 USD is tested before I guess it will go up to 8 or 10 USD the next months.
IEF is about to go in the strongest phase E (wyckoff) and giving the investors the last chance to by in the next days, for the next weeks or months to come. S&P500 is still stronger but to see both strong is a starting signal for a worldwide bull market good trading :)
The currency is getting stronger as investors bet on EU-Entry.
I want to give you a view on if the S&P500 is outperforming or if it is Bitcoin. In my view the S&P500 will outperform BTC for a few months and then BTC will get stronger in the bearish swing phases , in between. But not now. Look at the higher lows and higher highs and at the green box and on the red box. Sellers are still in control, but buyers seem a lot stronger.
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries. This leads to the conclusion, that gold is sold and silver is bought. Silver and copper are...
Here You can see SOT (shortening of the upward thrust) with a expanding and later converging range. AS of February the 2nd there began an outflow out of the USD into Mid and Small CAP and into countries with stronger currencies (GBP, EUR, AUD, ) . Good luck, good tradin' :) <3
After the farmer strikes, the bearish iwf news from 30st of january the bearish cutting of a channel was absorbed as you can see by the expansion of the distant lines. The duration in lower areas was quite low and getting lower and lower as for now. Actually (after the CPI report) we get the lowest reading since weeks. the big money is taking oportunity of low...
Here we see a test of an absorbtion. The test is were 4 lines come together. One of them is an ice line and the line were bearish absorption ttok place and was absorbed by bulls. This one is very very bullish. It can take time, but it will go up very fast. This is more likely. But be careful, if the channel is left to the downside, it will we the oposite, so...
Nvidia is moving out of a shorter term flag with strong volume. The move out of the big horizontal channel was a strong expansion. I think 700 could be a point were it could lose momentum. Let's see. The company is quite strong and on point for future trends: -artificial intelligence -drones -gaming -finite element modeling -global customer fit
This seems to be more difficult for me. I like to discuss this one. You can see converging lines, but they were converging even more months to years ago. There was a quite strong spring. It has been tested strong but remained strong untill march 2023, when the banking crisis started. next week a lot of folks are looking at the ecb. The testing of the clear...
The Weis-methods shows clearly that the ice is tested for a following up-move. -first lines converged -strong down movement cutting the chanel -a strong spring acoured and brought the price to the highest point and through the strong midpoint like a hot knife cutting butter -actually the midpoint is tested very strong -reaccumulation needed
The Weis-methods shows clearly that the ice is tested for a following up-move. -first lines converged -strong down movement cutting the chanel -a strong spring acoured and brought the price to the highest point and threw the strong midpoint like a hot knife cutting butter -actually the midpoint is tested
sea drawings to meet dotted resistance line ..and gapping up ?!
The Chart tells all :) Wyckoff-Charting Range - Outbreak will happen soon.