Good morning, traders. Price action this morning exemplifies the importance of short term traders not getting into a position when the market is moving sideways like it has been. This is what I'm constantly warning new traders about. There is no definitiveness of movement until price exits that sideways chop. Unfortunately that is also one of the most difficult...
Cause and effect the cornerstone of Wyckoff methodology. Time to get physical, Isaac Newton famously once said ‘For every action, there is an equal and opposite reaction’. With that in mind, let's use it analyse the previous cycles on BTC… Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time....
NASDAQ:SBUX has broken through the ICE and left distribution range to begin the markdown. Short orders at LPS.
EURNZD looks like is in distribution area and potentially the distribution is over. There are 2 options right now. If the pair is finished with distribution, the price will go down from this point or other option is that the distribution is not over and the price moves to the last high so let's wait and see if the price is able to break the demand zone.
Hello cryptotraders, I come back with and idea for BITFINEX:BTCUSD i´ve been reading and developing on the Wyckoff scenarios, so i leave you here my first chart with this method. After surpassing 7250 BTC is inside the symmetrical triangle, the lower line of the triangle is the one you can see in green that is as well acting as support, the Wyckoff...
CSCO looks to be distributing here and we may have already entered the markdown phase. The VPVR indicates some liquidity overhead, so I wouldn't be surprised for another test into that area before more distribution. I'm looking to short at that mid $43 level. The four hour chart is also in its own micro TR that has yet to show a bias as far as I'm concerned,...
DAX 30 Currently in phase C stage of distribution. Optimal entry here will be upon a successful retest of the lower boundary of the range from beneath.
Very bearish market geometry on display in the Euro Stoxx 50 chart. Bearish are certainly in control with bulls failing to create new highs this years and also a recent failed to re-enter the trading range. P&F count for this one brings us down the 3100, this ties up nicely with a the previous horizontal resistance developed in 2016. Good luck! For more info on...
BTC seems now to have found a small upwards channel. The trading range is where the price will probably range in between. The downwards line is a supply line SMI showing both bullish and bearish diverenge.. Possibly waiting for momentum to break important support levels
Information on consolidation phases (accumulation and distribution) can be found here: stockcharts.com Distribution bias is given by looking at Monthly and Weekly timeframes
Wyckoff Analysis is linked here: stockcharts.com Other commentary is annotated
We look to be in a clear ascending triangle distribution structure. As we approach our final test we should break up above our UT line, before dropping down to (hopefully) find support at the midline from the larger accumulation TR. If the support at 7260 holds...we're heading up for a while...
I've been trading off this 4hr BCH chart for a while now with great success. Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of...
First chart release. Annotations on the chart that provide some of my later thinking. This is a distribution pattern I've been trading for the past two weeks very successfully. We're now in a supply channel which I'll be keeping an eye closely on for a breakdown. I would expect to see an increase in volatility and a reclaiming of the top channel line when this...
BTC is looking like distribution at the moment. Until we break the supply line with good volume i consider this to be distribution
The Dow Jones is beginning to make a strong case for entering a phase of distribution. As the DJ:DJI is essentially an index of the American Economy, this will be a trading range that I am particularly interested in and will continue to watch over the coming months. It's difficult to time moves when it comes to Technical Analysis. Targets/Levels are easy to do,...
It doesn't get any clearer than this. I will link information relating to Wyckoff stockcharts.com
Since April 19th (and fairly apparent by the 11th) BTC is looking quite like a textbook example of Wyckoff distribution. The most recent pump after bottoming slightly at 8.2k seems like possible throwback, and will be adding more to my short from now till 8.7k. Will market eject at 8.9k. Coindesk Consensus is next week and so it this will either be a mega fomo...