A degens projection for BTC for the next week and a bit.Just a visual of what I see when I look at the BTC chart on the daily.
This is think is possible over the coming days or weeks leading up to the end of this month.
What do you think?
Distribution
SELL PNB spot cmp 133 target 110 SL 139Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book. So combined analysis says that it can fall to 110 levels soon with any support from market fall.
CADCHF → Realization phase. Growth after breakthroughOANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68
The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the previously broken trend boundary will be a great sign that the currency pair is ready to go higher. Fundamentally, the situation is relatively stable, which is generally positive for us. Ahead of resistance 0.6722, the level can be broken after a quick retest. The formation of a bullish impulse is possible.
Resistance levels: 0.6722
Support levels: 0.6694, 0.6655
Technically and fundamentally conditions are favorable. We are waiting for confirmation of the signal with the purpose of further growth to the previously mentioned targets.
Regards R. Linda!
Is Bitcoin on a Distribution or Accumulation range?I made this analysis of Accumulation and Distribution ranges on Bitcoin.
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?
TGR pt.2 - SPY vs. gravityThis chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown.
Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed - 506-508 would likely still hit by 5/17 if the latter case is realized.
Goal Target = 492 by 5/13 earliest, 5/23 latest. Could extend lower into the 480s but still need a confirmation signal to establish time to target.
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My Trade(s):
- Entered July 19 SPY 506 puts for 6.85 (underlying price = 515.47)
- Will Add if SPY continues higher (looking to add in the 518-520 range)
- Will Add if SPY closes back below 514.
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This looks doomed, but is there enough residual demand to keep this afloat until June? Or will conjunctions of larger forces pull this further down in May...
It depends on if we break back below 514 - that's all it will take to spur a rapid selloff.
The GOAT Returns - pt1: SPX to 4800I've been away refining my method and have returned to deliver a series of important predictions for the coming weeks. The first is a look at the general market using S&P futures. Here is a summary of this chart:
** 2 key levels (above and below):
5163 was the breakdown level from back in April - a retest of this level for resistance is very bearish, but if it breaks back above it can continue higher to 5260 where it will run into even greater resistance (dashed green path)
5040 is an equilibrium level that needs to hold as support if bulls want to keep this afloat. A direct break below 5040 is bearish.
Expectation : A rejection at/around 5163 in the coming week OR a direct break below 5040 will initiate a selloff to 4800 by May 22nd, 2024. Depending on when we get either of the bearish signals outlined above, the earliest the drop to 4800 could occur is by 5/13/2024.
~We are completing a B-wave and the drop to 4800 will be the C wave in this corrective cycle off the April high. The extent of this B-wave will be determined by the parameters listed above (estimated B-wave will be from current peak 5140 to upper resistance 5260, 5140-5163 is the most likely )
~Major distribution over the past month. I'm out of all longs and waiting for my signal to enter short positions. Not Financial Advice.
STX STACKS WYCKOFFMarvelous Wyckoff distribution happening on STX. I will only be interested once it has completed its distribution.
GOLD → The price continues to decline. Is it 2250?FX:XAUUSD continues to decline and test new local lows. The fundamental background is negative and the decline may continue. Important events are ahead, everyone is waiting for Powell's speech.
Bears finally hold the area of strong liquidity 2328, which only intensifies the price decline. At the moment the market is testing 2280. Today is a busy news day. Traders are highly likely to expect Powell to leave the interest rate unchanged today and may even change his tone to a more aggressive one, amid high inflation. This could strengthen the dollar, which would only exacerbate the fall in the gold price, which is already looking towards liquidity zones below 2267.
Resistance levels: 2295, 2305
Support levels: 2267, 2250, 2228
The market is starting to put possible negative news into pricing. The fall may continue. But on the background of news the price is able to test the nearest resistance zones before further bearish impulse.
Regards R. Linda!
GBPUSD → Global bearish trend resistance retest FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index.
On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high probability that the bearish trend in GBPUSD may continue.
Resistance levels: 1.2518, 1.2570
Support levels: 1.2422, 1.2300
On the global chart earlier the currency pair broke the bullish trend structure, on D1 the trend is still bearish and the price is heading towards the channel resistance, from which the decline may resume.
Regards R. Linda!
Bitcoin distributing hard Wyckoff (prepare for a DUMP)I am using a Wyckoff Distribution Schematic #1. Right now we are in Phase D. We already had an upthrust. (UTAD) is the distribution counterpart to the spring. It is the terminal shakeout that happens in a stage of accumulation. Keep in mind this is the 1H time frame. So this move will happen very shortly. My guess is by midnight tonight or tomorrow we should be under 65K completely.
Be careful, Do your own research as always
Thank you for reading
EURGBP → Transition of the market to the distribution phase FX:EURGBP on the background of stronger decrease of GBP than EUR, connected mainly on the background of economic and geopolitical factors allows the currency pair to break the resistance of consolidation.
Globally, the currency pair is in neutral-negative condition, as there is no clear trend, at the same time a wedge and symmetrical triangle are traced on the background of weak downward movement. But, the breakthrough of the upper boundary of consolidation can become the beginning of a local bullish trend. In general, there is a potential for price growth by 1 - 1.5%. On H4, the price breaks the resistance of the long consolidation, which technically puts the market in the distribution state. It is worth paying attention to the resistance at 0.8588. Breakout and consolidation of this boundary will open the price a new way up.
Resistance levels: 0.8533, 0.8621, 0.8699.
Support levels: 0.8533, 0.8500
The market has a potential for further growth. I am waiting for a breakthrough of the above resistance with further growth to the targets on the chart.
Regards R. Linda!
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #Update #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #Update #Eddy
(( "Our long swing stop was up more than 50%, I'm not waiting for more targets", The Market will start falling Soon.))
Signal Date : 12/31/2023 | Signal Link :
(( Bitcoin analysis on monthly and weekly time frames, the views I have with a combination of different analysis styles such as ICT and RTM, is the main scenario of the market falling and emptying. ))
~~~ Wait for Bitcoin at the prices of 14 and 12 thousand dollars and maybe lower! ~~~
- I will be happy if you send me your comments and analysis in the comments section, I will see all the comments and answer them. <3
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
GOLD → Test 2200. Should we wait for correction to 2150 - 2100?FX:XAUUSD in the distribution phase updates highs to 2195. Price enters resistance zone while the dollar index gets a dose of negative news and high inflation.
CPI, Core retail Sales, Initial Jobless Claims and PPI are worth watching in the coming week. Also, quite a few FED & FOMC speeches after Powell's two day speech that said nothing new. The dollar index is testing a strong liquidity area, the price may react with a bounce upwards, which will give a corresponding reaction for forex and gold.
Gold is breaking out ahead. A range between the psychological target of 2200 and the previous ATH of 2150 is forming. The probability of seeing a correction from the upper boundary of the expected range is quite high, as the bull run cannot be permanent. The interest to the metal is very high on the background of weak geopolitics and also the inflow of capital on the background of outflows from ETFs. Gold is not falling yet because of the continuing strong demand from the Central Banks of emerging countries, but at the same time the market maker may organize a liquidation.
Based on the H1 chart, the price is aiming to test 2200-2225, which is a psychologically important target. The price is behaving quite strongly, volumes are growing. Consolidations are formed with continued distribution. There are no pullback zones and strong enough support areas.
But, a retest of the local resistance with the subsequent correction is also possible. But the nearest supports should be treated with caution. The local growth of the dollar may provoke a breakout of gold support, which may activate the sell-off phase
TVC:DXY MCX:GOLD1! TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution.
The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying.
A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly.
Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827
Support levels: 1.2685, 1.270
Resistance levels: 1.827
I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range
Regards R. Linda!
Solana - Wyckoff Mark Up ExampleSolana vs. Wyckoff Logic
SOLUSD example of mark up in the Wyckoff logic schematic. If unfamilar, there are market phases according to Wyckoff Logic:
Accumulation: The phase where the market stops falling and begins to form a base, suggesting that demand is starting to overcome supply. It is characterized by a selling climax, where the price falls sharply, and the volume is high, indicating panic selling. After the climax, there is typically a phase of sideways movement, with occasional tests of the lows. This phase is labeled as the cause, setting up for a new upward trend (effect).
Markup: After accumulation, the price starts to rise, signifying that the market is entering the markup phase. This phase is indicated by a rise in price away from the accumulation zone, often with increasing volume, which is interpreted as the start of a new uptrend.
Distribution: This is the phase where the market tops out and is characterized by a buying climax. Supply begins to overcome demand as the "smart money" starts to distribute their holdings to the market. The distribution phase is also labeled as the cause for the subsequent downtrend.
Markdown: Following distribution, the market enters the markdown phase where prices start to fall consistently. This phase is shown by a break of support levels with increasing volume, indicating a strong presence of selling pressure.
The image also depicts the concept of "Volume" with a histogram at the bottom. The volume bars are colored in red and blue, generally indicating selling and buying volume, respectively. The histogram helps traders identify moments of high or low volume, which can be a sign of the strength or weakness of a particular price movement.
Wyckoff's analysis technique is grounded in the study of price action, volume, and time, as they relate to supply and demand. It is a tool for understanding the market's structure and potentially predicting future price movements by identifying the actions of large institutional traders and investors.
#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
#BTC #Bitcoin #Final #Update 'D' #Wychoff #Distribution #Eddy
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 2/14/2024 ❤️
#API3 #API3USDT #Short #ShortSetup #Eddy#API3 #API3USDT #Short #ShortSetup #Eddy
Its my "API3/USDT" short setup <3
Enjoy Guys ;-)
🇬🇧 GBPUSD 🇺🇸 - Waiting for distribution from consolidationGBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate.
Reasons for further gains:
1) Today will be NFP. Expect the data could be bad for $
2) Price breaks local resistance
3) Consolidation of price above PDH and above 1.2750
4) Bullish trend and strong consolidation
#My #SAND #Short #Order #Activated #Eddy#My #SAND #Short #Order #Activated #Eddy
It's My SAND Short Order is Activated <3 Enjoy ;-)
Also Its time to dump crypto, You Can Short Any Altcoins too ;-) Have a Good Night <3
#BTC #New #Short #Order #Activated #Eddy#BTC #New #Short #Order #Activated #Eddy
It's My New Short Order is Activated <3 Enjoy ;-)
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
I Don't Always Chart Distributions, But When I do, I WYCKOFFHe wouldn't be afraid to show his Bullish side, If he had one.
His mother has a tattoo that reads... Bear.
On the Crypto markets, He's allowed to touch the coin.
He is, the most bearish man in the world.
#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Wychoff #Eddy#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Schematic #1 : #Wychoff #Events & #Phases #Wychoff #Eddy
((" I have analyzed gold for you with a combination of Price Action + S&D + RTM + ICT + Volume Trading, Level 2/3 Book Map, Dow Theory + Wyckoff Schematic &...
Please Dont forgot boost and comment, i will answer all comments. "))
By : Dr. #Eddy SunShine 👨🏻💻 1/18/2024 ❤️
"Thank you to #TradingView for making this extremely useful platform and also for providing this social space to publicize the charts and all the interesting features it has."
Love you ❤️ #Eddy
TSLA Showing Distribution patternWatch out for Buying at the tops, that promptly follows with selling.
We are going to correct the S&P500 and other indices so be careful if you are long TSLA
* UMVD is red and so is Market strength indicator. Prices are stuck under Red TrapZone*
