Dax DE30EUR, Weakness Appearing - Short Term - 30min chartOverall the trading range we currently see on the Dax is still a bullish formation, we are still in an uptrend environment. However, weakness is creeping into the chart with volume /supply entering at the top to the trading range, a longer amount of time is being spent at the top of the current trading range (on the 1 hour , 4 hour time frame, when price reaches the top) than in previous range, this indicates slow, controlled professional selling (institutions moving out of a position).
Although on the higher time frames I believe we have room to go higher, from an intra day perspective, if we breakout of the bottom of this 15 minute chart trading range, and put in a subsequent lower high at the neckline, then the opportunity is there for an aggressive, quick short to the bottom of the current trading range. My thoughts overall is we are seeing early signs of weakness, and eventually this current trading range on the 1 hour, 4 hour charts will prove to be a distribution
Distribution
Wyckoff`s distribution schematicA perfect example of Wyckoff`s distribution schematic, which indicates a potential double bottom for bitcoin .
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PSY : preliminary supply.
BC : buying climax.
ST : secondary test.
SOW : sign of weakness.
LPSY : last point of supply.
UTAD : upthrust after distribution.
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Therefore I believe that there is no reason to be bullish about Bitcoin in the immediate short-term.
Long-term!? of course, but for now not so much.
cheers
Distribution on DailyHi guys,
I think USD CAD is in the last fase of Distribution and is about to break out.
I analyze and trade the markets with the Wyckoff method and price action.
Most people that trade Wyckoff are doing it wrong.
They try to copy the accumulation and distribution charts/graph from the internet to their own charts.
But that's not how it works. People need to learn about the ideas of the moves and fases of the Wyckoff method.
Fase A is the most important (and most visible on the chart) fase of the method .
In this fase we can see a change of character which gives us an indication for future trend.
The other 4 fases of the method are mostly hard to spot/not visible on the chart in my opinion.
And distribution mostly looks like a descending triangle.
In distribution the fase consist of a Preliminary Supply, Buying Climax, Automatic Rally and Secondary Test.
The Secondary Test is the most important move in this fase.
If the Secondary Test is of high volume and near or pass the Buying climax we can expect Re-Accumulation.
If the Secondary Test is of low volume and corrective of nature and just below the Buying Climax and Preliminary Supply
we can expect Distribution.
In this case we have a Secondary Test that is low in volume and corrective of nature and far from the Buying climax.
In terms of price action we can also expect a move to the downside because USD CAD is making lower highs and lower lows.
I think the target for this move is 1.34165 which looks (to me) like an important level with a gap that needs to be filled/tested.
This is my analysis guys.
I hope you enjoyed this analysis. Always do your own research and wish you well in trading.
BITCOIN 50% FIB FRACTAL | ACCUMULATION UNDER 50% FIB - $74002015
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
Capitulation was -62% which is similar to -65% of 2015
Capitulation wick was -26% below the close which is similar to -22% of 2015
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Summary of Both Charts:
Big Capitulation
Initial Retracement
Sideways Accumulation Between Low & Retracement Level
VERDICT : Bitcoin to remain under $7400 and trade sideways for a few months, bouncing between $3800 and $7400
NAS100 DISTRIBUTION SCHEMATIC #1There is no sign of buy to go for long. My target of sell is 5500. Situation is getting worse. Every next day is worse than the previous day. When we can say days getting better according to report then it will be the time to go for the long term BUY in NAS100.
NA100 has formed a reversal pattern which is known pattern: WYCKOFF DISTRIBUTION SCHEMATIC #1 theory. NAS100 has given sign of weakness, we will see more downside in NAS100.
Hit the like button if you find it helpful and informative and follow to catch the waves correctly.
XRE (ETF owning REITs) at risk as rents may not be paid.The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
BIGGER picture of GOLDThis is the bigger picture of gold. We are in the distribution phase. The next move will break the previous lows. Target will be near 900$. We can only trade in a smaller timeframe. Its little upside will be huge. If you are buying physical gold as an investment this year than you are making a mistake.
Hit the like button if you find it helpful and informative and follow to catch every wave correctly.
EURCAD SELL (WYCKOFF)Last point of supply was the final point to the upside where it tested BC. We will see more correction and fall pattern in EURCAD. This pattern is the theory of WYCKOFF which is called as distribution schematic #2.
Hit like for support and follow for many more upcoming accurate pips.
Time To Bail? Distribution Megaphone At Top Of ChannelEuro is at top of a number of downward channel trend lines and is printing a megaphone pattern. This looks like distribution as the larger traders dump positions into the order book and widen its range.
Selling from the top of the day here could be a very good swing position short. I also have a short bias intraday.
BYND- Bullish continuation or distribution?Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
Three scenarios-
#1. Test the local resistance one more time and break out of the bull flag pattern. Third time is the charm!
#2. Retrace first, then trapped shorts cover their shorts which propel the price higher. Swing long opportunity.
#3. Key support lvl broken. Long at the second key support lvl. Positional long opportunity.
Click like & follow me if you find my analysis useful. Much appreciated!
BTC/USD - Distribution before collapseShort term is grim for bitcoin, which looks like to follow a distribution pattern.
I expect a drop until 9k but if it's not absorbed, then we will go to 8.2k or lower before trending bullish again for halving(assuming is not priced in).
A golden cross has happened and historically bitcoin has dropped signficantly after such event just to rise stronger and reach new highs.
USDCAD short Exact Explained (Market Phase, Compression, S&D)Hello Traders !
I decided to post USDCAD with an exact explanation.
Market Phase:
1) Accumulation Phase - Smart money, experienced traders and institution join the market
2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices.
3) Distribution - Is the origin and the initial phase of a bear market, at this stage, the market is often overbought
Compression:
It shows us the power of the Supply and Demand Zone. This is is typically a Uptrend or Downtrend till the next Supply or Demand Zone. From there the price will reverse.
Let me now in the comment section below your view on USDCAD and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
BITCOIN going through DISTRIBUTIONif you are familiar with Wyckoff distribution, you will see here that BTC is following the phases perfectly.
We are very likely to see more downside action before any upside.
This not financial advice, please do your own research before opening a position.
Hey everyone, if you enjoyed the idea please give me a like and a follow, many more ideas to come :)
Thanks for your support!
MCD Attempting to BottomMCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small lots. There is no Dark Pool Quiet Accumulation in this bottoming attempt.
JPM Dark Pool Quiet DistributionJPM has been running well over the past quarter. However, as the fractional and odd lot new investors buy, the giant Buy Side Institutions are selling. The white candlesticks over the past few days reveal just how heavy the Dark Pool large lot selling is, as the gains are below the previous highs. The risk is that the new investors may run out of capital, which could create a sell down at least temporarily.