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Distribution

BTCUSD 1H chart (6/12/2019)Good morning, traders. Bitcoin continues to trade sideways while printing higher lows toward the $8100 resistance on the lower TFs. It doesn't amaze me anymore that novice traders think highly bearish in spite of this development. Many of y'all are still in disbelief at this 6 month bull market. Sadly, what they fail to understand is that even a correction toward $6000 is not bearish. It's a pullback in a bull market. It's one of the most bullish things that can happen as it gives traders the opportunity to ride the next wave up. The biggest thing that novice traders have to overcome is their emotion and they can start by choosing to use non-emotional words. The higher lows on the lower TFs don't guarantee that price will go up, but they should at least give traders pause when being so bearish. The higher TFs are showing higher lows and higher highs, however price has been trading sideways for a month now while printing a higher high and currently a possible higher low. The daily shows price consolidating against resistance. A couple of days ago price left the descending channel it had been in for two weeks prior. It then retested channel resistance as support yesterday and since then has been printing higher lows and highs. I have two support lines noted on the 1H RSI and 1H Stoch RSI is consolidating just under overbought. The higher lows toward resistance has me thinking that we should see a good pop upward through that resistance. As a reminder, the red line is the monthly pivot, the dashed purple line is the 2018 TR EQ, and the horizontal black line around $8400 is the top of the TR that price has been printing for about a month now. Price is also currently back above the 1H pivot. There are a couple of targets to watch at this time based on channels and TRs. The red target is based on the large descending channel and targets that fresh supply in the blue zone from the recent swing high. The blue target is based on the blue TR and targets the 2018 TR EQ. The purple target is one that traders should also keep an eye on. There is the possibility that price has printed a triple bottom as noted in purple. If price can close above that swing high at $8115, then we could see price targeting ~$8800 and that gets it pretty close to the red channel target at ~$8970. If price falls further, then I will continue watching the same support levels that I have been mentioning for a while now including the noted demand zones on this chart. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDLong
by Chris_Inks
2
Wyckoff on BTC for last 6 months; daily chartA look at the supply and demand shifts for BTC during the past 180 days. It looks like we are nearing the end of a full cycle, from accumulation to mark up and now entering the end of distribution. We begin phase D of distribution once/if price returns to the former trading range of $7600-$8400. I do believe that we are in a clear bull market, my expectation for the markdown (phase E) would be a bottom somewhere in between the .382 - .5 fib ($6100ish-$6700ish). This has confluence with a touch of the 50 day MA, a common retest during BTC bull markets.
BITSTAMP:BTCUSDShort
by chazd
Bitcoin Started to Distribution of Phase DWeekly rsi was overbought and it has sell pressure from the weekly ma50 so I think we just started to Phase D of distribution. Before to rise again, rsi needs to take breath also we need to check support lines. This brings a short opportunity here. Short between 5250-5150. Tp1 : 4920 Tp2 : 4780 If support lines broke, Tp3 : 4620 Tp4 : 4480 Stop Loss: over 5350. This is my first post in here so all kindly criticism and suggestions are welcome. All the best and good luck for you.
BITSTAMP:BTCUSDShort
by BtcBtr
1
SPX distribution TR?Distribution TR? - Diverging volume (only converging with price rise during reactionary bounce through TR's EQ) - Overall decreasing volume and candle spread - RSI falling through support - Stoch RSI double top in overbought and will print bearish cross if price settles here or lower for the week - Current doji candle may be signalling an imminent reversal - Price falling through blue C-Fork (Chuvashov Fork) support should indicate upcoming series of lower highs. - Failure of HVN at $2650 to hold should mark end of market distribution and further movement into markdown.
SP:SPXShort
by Chris_Inks
JSE:S32 South32 Looking WeakA little like Kumba S32 is looking week in a strong sector. The relative strength to the resources sector is rolling over. I previously looked at the structure as accumulation but this seems to have been an upthrust (UT) that met with supply (Increased volume on UT). The volatility to the downside has increased from 19 to 28 to 34%. The upward stride has been broken and is being retested. This looks weak and probably is distribution. The recent rally was without any conviction, even though it was over the holiday period.
JSE:S32Short
by SteynTrade
JSE:MND Mondi Change of CharacterI prefer identifying horizontal trading ranges (TR) but in the case of Mondi I will make an exception due to the clear change of character (CoC) that was seen in the previous decline. At the end of 2018 we have seen a decline that has never been seen in the stock before, with some volume. The attempted rally has been weak and I am expecting a markdown to begin. The TR also started with the largest decline at the time and volatility has been increasing as the slanting TR developed indicating distribution.
MShort
by SteynTrade
from accumulation to distribution: trading plan for pound aud hey traders, on pound aussie we have a very good example of market phases. pair is now approaching a decent level of resistance, and the market leaves multiple clues of bulls exhaustion. first of all, analyzing volumes, we see that smart money dont buy anymore, and prefer rather to sell: also, we have weakening overbought rsi with clear divergence, and formation of a head and shoulders pattern. all these things signify the distribution market phase. last thing that we are waiting for is the violation of a neckline. then we can freely sell the market with the targets based on structure. good luck!
Short
by VasilyTrader
ETH struggling to break the 4-hour 100 MA; possible DistributionETH/USD is entering into a tightening range as we have strong resistance at the 4-hour 100 MA and support from the 50/200 4-hour MA's. With that said, I am leaning bearish in part due to LTC (see my other post for context on this.) Going along with that, the current side-ways range looks a lot like distribution to me; and that could indicate an eventual drop/dump. This is also a contrarian trade as most of the sentiment right now is bullish across the board, and when everyone thinks the same, it means someone isn't thinking. Strong resistance: 4-hour 100 MA. Potential zones for the price to drop if it does break down: -4 hour 50 MA. -4 hour 200 MA. -Prior support zone around $125-126. Moving average guide (All 4-hour moving averages for this post): 10 MA in Orange 20 MA in Pink 50 MA in Green 100 MA in Yellow 200 MA in Red -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
BITMEX:ETHUSD.PShort
by Deftsuo
KO Earnings: Dark Pool Rotation vs. BuybacksCoca Cola has been in a major buyback mode for its stock in an attempt to move the price up. The buybacks have faced heavier than normal Dark Pool rotation (large lot selling) against the automated buyback orders. Recently the buybacks have increased, creating some interesting anomalies in the large lot indicators as well as in price patterns. Retail traders, who trade this stock heavily, are often fooled by buyback candlestick patterns. Institutional holdings has declined, which is unusual during a buyback mode.
NYSE:KOEducation
by MarthaStokesCMT-TechniTrader
JSE:AVI Lining up for a poor start to 2019AVI has been ranging since the beginning of the year. However, this looks like a distribution range. The declines with in the range have wider bars and sharper declines than any previous declines since listing. The last decline was on high volume and the attempted rally seems to be failing at the Yearly Pivot Point. Will be watching for price action and if the oversold trend line will be broken decisively for the markdown to start.
JSE:AVIShort
by SteynTrade
JSE:J200 JSE Looking Like DistributionThe range in the JSE Top40 index that started in April 2015 seems to be a distribution range. Following the Wyckoff logic, we could have seen an Upthrust After Distribution (UTAD) and test at the highs at the end of 2017 / beginning of 2018. Now we see an increase in the spread to the downside of 8 to 11 to 12 to 19% indicating a bearish Change of Character (CoC)Using the total sum of volume for Top 40 stocks there is also an increase in volume during these moves to the downside indicating that stocks have been transferred from strong to week hands. Since the last down move, we have seen a week attempt to rally. My bias for 2019 is that the Top 40 could see a resolution of the trading range to the downside. How the current potential Last Point of Supply acts (LPSY) in the new year will clarify if a markdown is about to begin. If the distribution is confirmed I will be looking for laggards in the Industrial sector which is currently the weakest sector to trade (see the previous comparison of sectors in the links below).
JSE:J200Short
by SteynTrade