Distribution
TSLA - Where are we now?It appears TSLA has just finished it's latest massive move up and is transitioning to a distribution phase. If TSLA cannot recapture the upper $1500 level, I would wait to re-enter. If it does however recapitulate above the $1600 level, it does have more room for newer highs. Personally, I think it's due for a decently sized correction.
Potential Re-Entry range: $1,250 - $900
Note: This is a very wide range, we need more price action to confirm a more specific re-entry price.
BCHBTC is in Accumulation mode 🦐BCHBTC is in Accumulation mode like a previous idea QTUMBTC .
We are waiting for a confirmation and According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
BTC Playing the Wycoff DistributionLet me start off by linking a textbook example of Wycoff Distribution. Understand the phases and then move on to this Bitcoin chart.
Dropbox Screenshot: www.dropbox.com
Article: tradingcoach.co.in
WYCOFF DISTRIBUTION
The phases of distribution follow a rhythmic pattern.
After a major dump, smart money will accumulate a cheap asset, which causes a Buying Climax. Eventually smart money tries to liquidate their positions after the nice rally caused by their longs. This establishes the first resistance: Preliminary Resistance (Resistance 1 @ $10050).
Due to smart money cashing out on their longs, the market follows their lead and dumps as well in what is known as an "Automatic Selloff." This establishes the first major support: Support 1 @ $8650.
In this specific Bitcoin chart, there was a Secondary Test (ST) after the Automatic Selloff before the Upthrust (UT). Multiple ST's are common are smart money trades the range between Support 1 & Resistance 1. Each subsequent test of resistance tests the power of the bears.
As you all know, once you sell you've sold. The sellers will eventually run out, and the buying pressure will eventually crack through Resistance 1. This is known as the Upthrust (UT) . Though sellers were shaken out at Resistance 1, there are plenty more at Resistance 2 @ $10450, so this upward momentum is halted by intense selling pressure. This is often a shakeout for retail investors who think Bitcoin will go to the moon from here on out.
Once the bears regain control at Resistance 2, and the price crashes, the market sentiment becomes bearish. At this point multiple tests of resistance have occurred and many buyers have bought and been wrong because of intense selling pressure. The market sees the resistance as an impenetrable ceiling, which creates longer term selling pressure; this reveals itself in the form of LOWER HIGHS .
I highlight this because this is likely the strongest evidence for Bitcoin being in distribution versus re-accumulation at this point. Volume and price are making lower highs, which is a significant indication of weakness.
Eventually the bulls lose faith in their Bitcoin Moon wetdream and stop buying; at which point the bears regain control and dump like the day after Thanksgiving. The price tears through Support 1 where the Buying Climax occurred, and even through Support 2 @ $8150 where the Automatic Selloff found support.
This is (obviously) a Sign of Weakness (SOW) and Bitcoin retests the lowest support from the range as resistance .
WHAT TO WATCH
1. I am expecting Bitcoin to test Support 1 @ $8650 as resistance by roughly July 23rd, 2020
2. From there I will enter a short to Support 2 @ $8150 at least.
3. If Bitcoin follows a perfect Wycoff Distribution, then it will break below $8150 and dump to the next major support
4. The next major support, indicated by liquidity and price reversals, resides around $6600-6700.
I will see you all at the bottom.
Cheers.
XAUUSD SELL: Wyckoff's Distribution Schemetic # 2Hello Traders! This will be a very nice Time to make Huge From Gold. First of all Please Hit the Like Button For my Valuable Analysis and for my Hard work and share your thoughts in comment.
There are two scenarios expected from Gold
1. Gold must close below 1789 to confirm the sell entry. Our Target will be 1660
2. If Monday Fail to close below 1789 Then Expect a buy In Gold and Target will be 1825. Wait for my confirmation for this trade or if you have a trade plan in this scenario so you can go for it..
The rare scenario is Market can close exactly @1789. It will be very tricky and we will not trade in any direction and i will wait for other sign to enter the trade for next week.
In my Previous analysis i posted sell entry with Target 1788.60, This is still Valid. According to one my my strategy it will hit 1788.60. My strategy Give Exact Figure of Target and retracement Level with very high accuracy.
USOIL Sell Wyckoff's Distribution Schemetic # 2Hello Traders, This is very nice Wyckoff's Distribution setup. This pattern is Schemetic # 2 method. It is going to break AR level to complete the pattern. Target is set using my strategy exact figure of drop is 36.46, we can see rise up from this figure.. We will look for Next move after it hit my Target.
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Previous Analysis
USOIL WYCKOFF'S Distribution Hello Traders! This is a WYCKOFF's pattern, currently we can see a drop That will break the AR support and will reverse back. I have also extracted exact figures from one of my strategy which tells exact figure of target and turning point in OIL and Gold, With the help of my strategy i knew about drop to exactly 1748.50 and we bought at 1749.00. We are ready to make big from USOIL also.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
BTC Possible Rising WedgeSorry but not sorry for all the trend lines, in my opinion they are the best indicators. I am reposting an idea I had about a distribution phase we could be in. Previously I drew a pattern for phase C D and E, then drew trend lines that happened to pretty much line up with my idea. So that is what are currently seeing. From the trend lines I made, it looks like we could possibly be forming a rising wedge to another drop. I could be jumping the gun. If we are not forming a rising wedge, I think we should continue to creep up the trend line for a couple of days and have another retest to the $10200, as I mentioned in my Astrology TA post. Keep an eye on both!
XAUUSD SELL(JACKPOT TRADE) WYCKOFF DISTRIBUTIONHello traders, GOLD has completed two secondary test of BC, This is the final peak now it will make lower lows. We are already in 1000 pips profit and it will give another 1000 pips profit in this month. I will keep updating this chart and we will keep adding trades. This could be the huge jackpot.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
EUR/GBP has a bearish possible scenarioWell, this is very easy the technical analuysis, the price has in range of distribution of the market nd are consolidated, and well, this is a great opportunity to earn a lot pip in this par, wll, as we see the situation of Brexit, this has make thsi par very sensitive their movement of the Eurozone and U.K., But, there are not range, but we have in the distributtion zone of this par. But, well, there are opportunity, The most strategy to opperate in this range is in Daily timeframe, because the Daily timeframe is in the range of distributtion.
USDJPY Distribution and Re-DistributionGo for sell after 30 min candle close below 106.96 support. Its a redistribution pattern, we will see more downside in usdjpy.
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XAUUSD WYCKOFF'S Distribution Method, Don't miss final peakHello traders we have traded every wave of Gold in this month of june and we are nearly 1000 pips profit without any loss. This is a Wyckoff's distribution pattern. My current trade target is 1744 and i am expecting a drop exactly from 1747. I dont think market will move above 1747. This sell will be in 1000 pips profit so dont miss this final peak and keep trade running till Target.
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Previous analysis
XAUUSD SELLGold is ready to fall big this time it is also a third attempt to sell from same area. You can sell more if market reach to 1741. I am not expecting it to break above. But breaking above will test 1782 target.
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Gained alot of pips just from gold this week, here are previous analysis
XAUUSD SELL from 50% of DistributionPrevious trade worked very well now i am expecting the same trade. you can go for the sell again. This Distribution technique will work again and again. this time it can go more down.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Previous analysis
XAUUSD SELL FROM DISTRIBUTION AREACongrats to those who stayed with the trade and achieved full 540 pips target. My previous target was at 50% of distribution. I knew Distribution will attract market like a magnet now it will throw it back. Stoploss is set little above the resistance and Target is set to first support.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Previous analysis
#Bitcoin Moon to 40K but...... when?
I was able to accumulate at 6500-5000$ levels but still not enough, now i know MOONbois will say you missed the dip, we are mooning now but look at the charts, I will cancel this lower level bids only & only if bitcoin is able to close 2 weekly candles above the RED resistance trend line
I don't care if I miss it hell my alts have been up 50-60-100% lol
as with the alts I have entered before on retest, I will do the same with Bitcoin, if we break & close above redline will enter on the retest. till then we are currently at trendline resistance & distribution zone, also we are at Fibonacci golden retrace level from the TOP to bottom.
i also tried my hands on Ghost feed/bars pattern lets see if it goes like i want
if BTC retraces there are 2 setups I will risk, both divided equally, one around 7000$ & another is around 5000$
though i am BULLISH on bitcoin but understand triangles can BREAKDOWN as well if it does well then 💩💩💩💩💩💩💩💩💩