With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH.
From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario.
I believe it to be highly...
One of my best trades to date.
The price fell asleep along the breakout VWAP and exploded to target overnight, despite the FOMC meeting that same evening.
Really happy to have I caught that move.
Wyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are...
Well well well, This might be an opportune trade for swinging.
I see a nice distribution forming on the monthly time frame for usdzar .
Keep your eyer on this pair.
Never have I ever seen distribution and accumulation phases play out this nicely.
The uptrend has just begun, Bitcoin is set for new all time highs in the near future.
For Wyckoff questions please read school.stockcharts.com
This pair loves to consolidate but when it moves expect some nice pips.
I put a little time and thought to see the kind of consolidation this might be. To my eye, It looks more like a reaccumulation inside a larger re-accumulation.
I understand price makes repeated patterns in different time frames.
If this were to be the case then a 1:16 ratio isn't that bad.
This is a pair I have been following closely as I have vested long term interests.
Price action is slowly showing us its hand. This week I would expect reversals as the pair heads down to take out liquidity.
Has it occurred to anyone that it is rather unsettling for bitcoin to peek at this time of the year. Normally it happens in december towards January.
It was hard for me to fathom how they would leave all that liquidity below. I might have solved this mind boggling puzzle for my self.
I call the reaccumulation first
Silver might see a sell in coming weeks after price breaking the 24 usd recent lower low. This may signify a break of market structure forming what would be supposedly be a major sign of weakness. It would be quite nice if we see a retracement to the upside until 27.750 level before going down. Once that level holds we can be sure of an impulsive down trend
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Last week I thought price would go down and fill the imbalance left but boy was I wrong.
Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go:
We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle...
