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Distribution

ADABUSD 1D Wyckoff Distribution Schematic #1ADABUSD 1D Wyckoff Distribution Schematic #1 I have been waiting for a loooong period for this time! Cardano is looking incredibly strong and after a long consolidation period we can see a very strong push towards a new ATH. My current idea is that Cardano is currently in Phase C of the Wyckoff distribution schematic #1 executing the UTAD test . You can compare it yourself if you google 'wyckoff distribution schematic #1' and look at the phase C / UTAD test. I am unable to post links due to low rep x).. This means that we can expect that it can spike towards a new ATH; however, this also means that after it has reached its target we can expect sideways movement and in the end a big dump.. My targets are set to around 1.48, but it might jump between 1.40 and 1.60. Be mindful that Cardano does not move fast and a lot of patience is required. This dump is needed as a natural progression towards a more stable growth towards 2USD and higher. This correlates with the new estimation on the release of smart contracts. Make sure to be not greedy and sell on time. Be patient and a new opportunity will come. Let me know in the comments what you guys think!
AShort
by Quaii
BTC potential distribution on the 4h chartI know this will hit a lot of moonapes on the nerve, yet this is a potential set up that I think might play out, especially when looking at how more and more bullish news get more inflows to exchanges and supply is edging over demand over the last few weeks. But. The RSI is making lower highs, the chart is more and more looking like distribution, and we're way overbought on the monthly as well, coming up 3 waves of up and down across 90 rsi already. What I think is crucial to keep an eye out is - if we see a break to the upside and hit 60k , what the reaction is going to be, how much supply will come in the market again, and , on the more dangerous side, how much supply will come into the market if we hit the middle of the trading range around this time next week. I am aware of the fact that we've been super bullish ever since the pandemic hit, and most of the months were green, yet if we are to continue moving upwards and according to the S2F model, we might first see a bigger reaction , shake out a lot of weak hands, and then come roaring back up. Would be interested to hear opinions on what you guys think, let me know.
by aThracian
TKAT- Gamble on the NFT crazeGambling on TKAT is in a way not much different from gambling on blockchain stocks back in 2017. Anything digital is a fair game in the realm of NFT as even tweet was up for sale as Jack Dorsey demonstrated that today. TKAT's Insider ownership is almost 50% and TKAT's institutional ownership is close to zero, indicating the high volatility this stock possesses. Volume has retraced more than 66% since it reached its record on Wed. It seems to me that TKAT is at beginning of the distribution stage. Short interest is low and market is irrational so I'm not ruling out a modest correction followed by the continuation. Game plan: Market buy 1/5, then fill out the rest in the demand zone. TKAT is volatile. DO your own due diligence. Not the investment advice.
T
by Libratus
2
Pair correlation between DXY and GU, Possible DISTRIBUTION on GUI'm personally hoping to see, with DXY giving a potential for a short term sell-to-buy, that GU can go as far enough to take out those LR wicks, creating a UTA -as price wicked the whole body of the previous UT, one could say it broke PRICE structure, but since it didn't wick ABOVE the wicks which formed the UT, I'm waiting to see if price will cover that UT; as it IS called Wyckoff; and create a UTAD-. Looking for a short term buy, then a mid-term short IF the UTAD shows. DXY reference SHOWN BELOW (1HR): With DXY breaking 1HR structure, I'm personally standing by to see if Inst. order flow can begin taking price bullish, but with the higher TF outlook on DXY (4hr/D/M), I'd like to think otherwise.. lol. In need of some opinions! P.S Ignore my half level, Ik it's off
Short
by JaquiQuill
GU pushing for a UTAD?An update to my previous post. Hopeful about a possible UTAD forming, or even an LPSY if price decides to grow weak -especially with all the volume that's been coming in and the short consolidation phases in between those large moves-. I'm thinking either another, final, push to the upside which'll tackle those equal highs and LQ spots. Another thought: if price decides to give out, that -for me- will begin to confirm the start of an LPSY. Thought #1 seems the better option for me, as price on 30 and 15 have been forming LQ; just personally waiting for that take-out move to happen any time now or even London. 1HR and 4HR seem to show that price is beginning to exhaust, possibly to break to the upside for a buy-to-sell, or just start our down-side IPA fills. I'm personally looking for a short-term sell-to-buy. DXY REFERENCE:
Short
by JaquiQuill
1
DXY - AnalysisTVC:DXY Analysis - 👨🏾‍🎓 The DXY is Bearish on the monthly from a structural and institutional perspective I can see the bullish momentum continuing until 92.184 to mitigate the orders made in the last period before a continuation in bearishness to create a monthly lower low. The 82.000 demand zone, which has significance as far back as DEC 1990 could be a key level to show major dollar strength, failure in this level to hold could have catastrophic consequences for the USD The rise of blockchain and cryptocurrency applications have accelerated during this period of decline, this is set to continue as people seek better stores of value than the USD. The decline itself and Quantitative easing never seen on a scale like this before have raised large questions on the suitability of the USD as the worlds global reserve currency for the longterm. Let me know your thoughts, I've attached more snapshots below!
TVC:DXY
by digital_dwight
4