silenthand_

silenthand_

BTC has confirmed the next phase of the Wyckoff distribution Schematic #1. Bulls anticipated for a small bounce then likely to proceed down for a monthly higher low.

silenthand_

Posting this chart as a possible path for TSLA. It appears to have printed the beginning stages of the Wyckoff Accumulation Schematic during the last drop. The pattern is apparent on the daily and on the 4h. If this continues we should see bull momentum come in strong in the next couple of days. Time will tell. Ultimately I am Long TSLA but if this pattern...

silenthand_

Sharing this as a cautionary tale looking at the larger perspective on the BTC 12h. It appears to have printed the first ticks in the Wyckoff distribution pattern. It would take several weeks for this to play out, but remains a signal be be careful. Interesting to note that ETH and LTC did not print this pattern as they did not get HH after the last major...

silenthand_ Updated 

Posting the distribution pattern that has just played out on ETH. Very interesting that we went straight from accumulation to distribution.

silenthand_ Updated 

Here outlines a possible path for BTC in the coming days. So far since the top, it has been printing something very close to the accumulation schematic. I am defintely long BTC, but short term we could see a lower low before continuation. Is the right, is it wrong... time will tell.