It seems we are having our spring test at last on the wyckoff formation. Please note that future dates may not be accurate because we can´t exactly know how much "Phase C" and "Phase D" may last.
This looks extremely bullish for me. The more bad news coming out, the more "btc goes to cero" opinions the better time for buying.
This is not financial advice, i´m...
This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown.
We have hit our target area for gold as shown and stipulated.
Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution...
Just another video showing you my thoughts on the current PA and what my sentiments as well as targets are.
1850 - 1855 will be a key area to watch as well as 1832.
This is not financial advice.
Wyckoff distribution forming on daily chart.
I was asked to do this analysis, however, I do not trade BTC and have not been watching the market and its price action.
Please take into consideration that I do not know how this market reacts hence the various scenarios I have given at the end of this video.
Elon's tweets could make things happen very...
BTC maybe going through a Wyckoff accumulation. Most of the market is currently following the overall trend of BTC so this distribution may be in play across the entire crypto market.
The yellow path is my predicted path of the market in the near future.
Please leave your thoughts below.
Unable to provide original source due to account limitations....
After Bitcoins recent decline below key support level of 42K there is a lot of belief that Bitcoin and crypto in general are entering a bear market. With that key loss of 42K and multiple rejections in the assets attempt to recover and commit above that 42K area this argument for bear market holds lots of weight... HOWEVER
Are we about to see a dead cat bounce...
Having reached a key level, AC is expected to accumulate long positions for another run towards a Higher High. After a long accumulation we finally see a rally after the Spring. All we need now is multiple levels to be broken to the upside. I have indicated the most probable reversal zone. Worth keeping on your watch list especially for swing traders. GL
As you can see from the above chart we are in the final leg of the impulse into the target objective from the accumulation that took place, as shown.
We have touched the TL and have formed a wedge, if we touch the wedge we will await PA to determine a TP or add for the upward movement into the final target area.
CPI tomorrow will determine this....
in the previous post i mentioned that a dip lower would not be ruled out. its looking more of a likelihood that we could get a move down to shake out any early buyers and potential sellers. i still strongly believe gold will rebound, but anything is possible. should gold break the 1750's, id shift to a more bearish outlook to take out the march double bottom