Update on the previous cheat sheet with new trendlines and support/resistance levels. Have also included the cumulative volume of each swing high and low since the Spring/Shakeout, to better show accumulation with lower volume on each pullback compared to up swings. (Note that volume is only based on BINANCE:BTCUSDT ) It appears we have just formed the second...
Liquidity picked on a lower tf. Price at a key P.O.I. Sell limit placed now we wait. Risk manangement is key .Max of 1% per trade.
BINANCE:BTCUSDT Putting the Wyckoff Accumulation pattern in the context of live charts with horizontal support/resistance and cloned trendlines . Price has been tracking nicely since the Spring Shakeout on Jun 22 2021. Figured I'll publish this to use as a guide for trading entries if price continues to track it. Source: @bbrijesh
Distribution and consolidation of Wyckoff. schematically. probably faster.
January's structure from earlier this year as an analog and comparing to current price action which was also within this same trading range. We saw a penetration of the lower support in January followed by a few days of testing. The test resulted with a retest almost to the same low as the actual spring. In Bitcoin's recent price action we saw a huge spike in...
Was this our Wyckoff spring? Looking at the Wyckoff accumulation schematics and I have mapped out the events on this chart. Many are calling bear market, potential drop into distribution, etc. So much FUD and negativity at the moment. Personally I HODL and wait. Looking forward to Alonzo upgrade and smart contracts. ADA has a bright future ahead.
Was this our Wyckoff spring? Looking at the Wyckoff accumulation schematics and I have mapped out the events on this chart. Many are calling bear market, potential drop into distribution, BTC to 16K, etc. So much FUD and negativity at the moment. Personally I HODL and wait. Only time will tell...
BTC observed a Wyckoff's Spring * action, bullish, within the consolidation zone. And with ARKK** is trending higher, we expect to see more demand from here. If this bullish observation continues, we potentially see BTC breaks above current consolidation zone, back into Mark Up Phase. Thus, upcoming trading days are crucial to BTC....
Trade Proposal: There is a probability of first tp to the proposed ( 20.16 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: USDMXN Waiting for the Range Bound and the beginning of the Ascension Trend.
Phase A. Stopping the previous bearish trend. • PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail. • SC. Selling Climax. Climate action that stops the downward movement. • AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range. • ST. Secondary Test. Test of the...
Idea: $ARKG Possible Phase C with Spring and Test of support Entry would on the break above 84. 05 or on the retest of support with risk at 72, moving stoploss to break even on the test of upper range. Now for the ask: I've been studying Wyckoff for some time now, but have not been able to check my work with others. Any fellow Wyckoffians that would be willing to...
Trade Proposal: There is a probability of first tp to the proposed ( 0.87 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: TWTUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
Trade Proposal: There is a probability of first tp to the proposed ( 68.0) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: OILBRENT is in Downtrend and It is Expected to Continue Downtrend.
Trade Proposal: There is a probability of first tp to the proposed ( 92 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: USDOLLAR Waiting for the Range Bound and the beginning of the Ascension Trend.
Trade Proposal: There is a probability of first tp to the proposed ( 0.86 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: CADCHF Waiting for the Range Bound and the beginning of the Ascension Trend.
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Messed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility. Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the...
Kinda seems like textbook Wyckoff Accumulation at this point. Nothing is guaranteed, but a markup phase should be just around the corner. Also, Bollinger Band Width is extremely low, so there is definitely room for a lot of volatility - which could also be to the downside. I'm bullish.