2015 50% Fibonacci Level held as a pivot as price traded under it whilst testing it 50% Fibonacci was re-tested upon breakout Capitulation was -65% Capitulation wick was -22% below the close Price simply traded sideways within a range 2020 vs 2015 Similarities 50% Fibonacci Level being tested as of now and this is a key pivot zone ...
Whales have accumulated Steem, time for PUMP.
GBPJPY 60 WYCKOFF 12/09/2019 DIST #1 25/09/2019 ACC #1 11/10/2019
GBPJPY 60 WYCKOFF 01/08/2019 ACC #2 22/08/2019 DIST #2 05/09/1993
Consolidation triangle has a breakout.... Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move.... Also we finally broke below the moving averages so retesting in that same area of confluence.. Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached) Note: Macd is poised...
_______________________________________________________________________________________________________________________________________ Hello traders investors and community, today i want to share with you an example on how to analyze with the wyckoff market theory. There is an interesting example of an wyckoff distribution which i detected in BCHUSD, formed the...
It is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an...
Good morning, traders. We've made it to another Friday and Bitcoin hasn't died yet, which is always a good sign. Novice traders seem to hold as truth a complete misunderstanding of the market -- that things in the market happen randomly. This kind of thinking leads to emotional trading which results most often in a loss. Market moves are measured and purposeful by...
Good morning, traders. Bitcoin is doing what Bitcoin does lately -- continuing to consolidate. We are getting a good rally from last night's reactionary low near $6400. This morning we can see buying pressure pushing price back up toward $6500. Bitfinex has been carrying a bit of a premium and continues to do so this morning as it is sitting about $50 higher than...
Good morning, traders. We are nearing the end of the week which means CME Bitcoin futures expire in just over 24 hours (10 a.m. CST on 9/28/2018). Bitcoin continues to move sideways as we suggested might likely happen, but it did finally break through the resistance at the descending blue line. The resistance combined with the ascending support created a pennant...
Good Wednesday morning, traders. Bitcoin followed the red-outlined likely movement, hit our targets that we discussed on last night's live stream, and is looking to exit the DBW that it has been in for the past 2-3 days. Before it does, we should see some consolidation right below support. A breach should provide a target of $6780, based on the widest area of the...
Good morning, traders. I just saw that our POE trade popped for 56% this morning. That's another in a string of great set ups for our Discord subscribers. If you've been following myself or Scott Melker on that other social media site, then you know we've been hitting consistently with HOT, FUN, RDD, TRX, ZRX, and POE being just a few of our recent wins. But how...
It's Friday, traders, and you know what that means -- liquidity drying up for the weekend as the larger traders take a break and enjoy some down time. This means it is easier to move price with smaller sized positions, so if trading be aware of sudden movements. DXY is getting a bit of a bounce today as I mentioned it would yesterday as a result of it hitting the...
Good morning, traders. CBOE Bitcoin September futures expired yesterday and, as I warned, there was comparatively large volatility within an hour of the expiration. It began with a strong drop and ended with an even stronger pop that resulted in about $400 worth of upward movement. This appears to have been a terminal shakeout on the small TF accumulation we've...
Good morning, traders. Today is the CBOE Bitcoin futures expiration date. Furthermore, price has been printing a symmetrical triangle since September 8th which mimics April's symmetrical triangle that resulted in the short squeeze. Shorts were at an ATH at that time and are currently near it as well. Now, much like then, retail sentiment is very bearish and the...
Good morning, traders. Bitcoin continues to move sideways, but for how long? Yesterday's downward movement that led to this sideways action appears to be a breakdown of a larger bear flag, which as I mentioned a few days back would have a target of around $5000. This would follow the AAPL 2009 pattern as I discussed last night, creating a spring, and if price...
Good morning, traders. After all that movement last night, price ends up right where it started at yesterday's update. It also shows you why I mentioned that I am paying attention to the DBW the most. Price hit the top of that wedge and then dropped back down to find support on the Tenkan line on the 4H chart. As with previous times before, this area continues to...
Good morning, traders. What a wake up call for those of us in the U.S. Bitcoin price drops $500 in the early morning. However, this isn't a surprise. During my recent live streams I spoke of the various gaps below and above price as well as price needing a retracement and that we would likely see $6800-$7200 depending on if price made one more push up before doing...