Following on from yesterdays analysis (03-05-24) Bitcoin has broken out of its range and advanced to the daily SMA. I believe that even though the intermediate trend is down (within a greater bullish re-accumulation structure) Bitcoin will likely test lower with significant bullish pullbacks as the market reverses over the coming days and weeks into an overall...
15 minute chart looks structurally like an accumulation, there are 4 signs of strength (joc x2, buax2) and there is no Phase C last test of supply. The intermediate trend is down and despite the fact that on the intermediate timeframe the market context is that price is in the position of a secondary test forming a trading range with bullish characteristics,...
I'm expecting a pullback to the neckline of the 'active' local trading range top neckline. If a range forms on top of this neckline it will be a super strong BUA in phase D of the 'active' local trading range. Ideally you would see a separate 'active' trading range which would be the BUA and ideally this would be a re-accumulation active trading range as opposed...
The 4 hour chart demonstrate how clear the "market conditions" are in that I am trading inside of a re-accumulation local / greater trading range at the area of a spring which has formed an accumulation active trading range. This chart demonstrates how clearly a spring and re-accumulation can be observed.
EURNZD - Trading Spring as Accumulation 15 Min Chart See private charts for 5 minute (this trade was executed on 5 minute) The entry point chosen is pure Wyckoff - Spring Local Trading Range, Accumulation Active Trading Range. Overall Trend; bullish
Market Condition -S&P is FLAT ; Greater Trading Range making a BCLX, AR and about to complete ST - Phase A CHoCH Market State - There is no local trading range. The next legitimate market for a local trading range is the ST at the bottom of the range. Market Context - No active trading range
BTC is FLAT ; corrective wave (long bias) Market Condition - Reaccumulation ST Washout / Spring (Suspected) Market State - Re-accumulation Local Trading Range (+possible washout) *no active 'local trading range' Market Context - No active trading range
GOLD is FLAT ; corrective wave (long bias) Market Condition - Reaccumulation ST Washout / Correction (Suspected) Market State - Re-accumulation Local Trading Range (+possible washout) - ** no clearly defined local trading range parameters. Market Context - No active trading range
GOLD is FLAT ; corrective wave (long bias) Market Condition - Reaccumulation ST Washout / Correction (Suspected) Market State - Re-accumulation Local Trading Range (+possible washout) - ** no clearly defined local trading range parameters. Market Context - No active trading range #Wyckoff #VolumeProfile #Orderflow
I'm looking for the AUD to show a clear 'major sos' in Phase D (where the price action currently) is in order to take a long trade. It is clear that the AUD has built up ample strength and there is a definite CHoCH taking place within the local trading range.
Super pissed this trade actually happened at 7:45am AEST whilst I was watching Youtube in bed. To make matters worse I didn't have my live accounts setup so I missed it altogether. From the standpoint of my strategy I should have taken the trade in the part of the Wyckoff Structure on the 15 minute chart closets to the 4 hour SMA. In terms of Wyckoff events this...
My prior BTCUSD post didn't accurately reflect the intended RR on this trade (I just rolled out of bed). Anyway, we have Major SOS in Phase D in the breakout and minor BUA of the accumulation structure there is ample cause and effect within the range to take at least a small long with 3xRR.
Btc is presenting a complete Wyckoff accumulation structure in Phase D.
The AUD is at a major inflection point is facing strong historical resistance against the CHF. However at this stage both the trend and the interim price structure support a long should there be a breakout of the trading range to the upside.
The AUD is at a major inflection point is facing strong historical resistance against the CHF. However at this stage both the trend and the interim price structure support a long should there be a breakout of the trading range to the upside.
Although price is trading upwards I am looking for the market to pull back to the neckline of the previous re-accumulation trading and fill the gap in the current volume profile with trading. If the market performs this action advances in an uptrend it will indicate absorption at this level and I will look to take a long when price breaks the neckline of the...
Audcad short I will add mark up to these charts later on i just want this published for now.
I dont know what to put here i am still learning tradingview and this trade is live there is a minimum word count