Bitcoin is making a spring and doing the Wychoff's accumulation, beware of shorting at the support.
The whales are manipulating the price action to traps retails to short the bottom and reverse it up.
Investing and trading is a game of probability where the market moves up, down or sideways. Hence, the probability of a trader winning is around 33.33%.
The...
Trade Proposal:
There is a probability of first tp to the proposed ( 1.21500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
I know we've all been told to stay away from HOOD and if you didn't you got rekt'd (me, down -%35, sold for loss)
BUT with the little knowledge i understand about Wychoff Theory we might see a Huge reversal.
I believe we could have another big shakeout IF we get another
Volume and Price action diverging (price action going down, volume ramping up)
After we get an...
Trade Proposal:
There is a probability of first tp to the proposed ( 50000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
BTCUSD is in Downtrend and It is Expected to Continue Downtrend.
So we have broken the channel and are falling inline with my idea, and look forward to watching this play out. Im looking further ahead with this idea that may see another bull trap after hitting mid-high teens from the previous plan, so the market makers can try for another shot at trapping people in before another further drop to the bottom to extend the market...
So just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
Heres a clean look at USD/CAD currently on Phase D of the accumulation schematic! Looking for SOS (Show of Strength) to make further confirmation of Long Position back to the upside.
