GBPJPY Push into Supply: Short 16:1 RRGJ has shown consistent weakness at this level. A promising sell initiative through the Asian open points to a push lower. I’m expecting a retest of 163.746 into a push lower to test local demand at 161.700. This trade is contingent on yesterdays intraday trend being broken.
Distribution
EGLDBTC: Re-accumulation or Distribution?I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any.
It is difficult to imagine that EGLD goes as far as to overcome previous top, right? But we all thought the same when it did the previous top :) The number of features that MULTIVERSX has created recently is impressive, and it really depends on the discussion that is happening today of having or not an ALTCOIN SEASON coming soon or not.
What do you think?
📊 Four Market PhasesThe four market phases in trading are characterized by different levels of buying and selling activity, trading volumes, news and sentiment, and price trends. By understanding these phases, traders and investors can better anticipate market movements and position themselves to take advantage of opportunities as they arise.
🔹 Accumulation
In this phase, the market is characterized by low trading volumes and a lack of clear price trend. Buyers and sellers are more or less balanced, and prices tend to remain within a certain range. This phase is often seen as a period of accumulation by smart money investors who are slowly building up positions before the market begins to trend.
🔹 Uptrend
In this phase, the market experiences a sustained rise in prices, driven by increasing demand from buyers. This is typically accompanied by higher trading volumes and positive news and sentiment. Traders may look to buy into dips during this phase, in order to take advantage of the overall trend.
🔹 Distribution
In this phase, the market begins to show signs of weakness, with prices starting to trend sideways or even decline. This is typically accompanied by lower trading volumes and negative news and sentiment. Smart money investors may begin to sell into strength during this phase, as they look to lock in profits before the market turns lower.
🔹 Downtrend
In this phase, the market experiences a sustained decline in prices, driven by increasing supply from sellers. This is typically accompanied by lower trading volumes and negative news and sentiment. Traders may look to sell into rallies during this phase, in order to take advantage of the overall trend.
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Wyckoff never failsDistribution in AUDCAD.
During the night we had the upthrust after distribution with a pretty high volume and then the Sign of weakness with higher volumes that confirm the bearish impulse.
We had two opportunities to enter:
1) after the utad with a tight stop (risky entry)
2) after the last point of supply a few mnutes ago ( safer but with a lowest R/R ratio.
Never stop exploring!
Drago Investments.
Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction.
This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week.
*TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction.
Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off
Lots of TSLA Events coming up which is bullish for next couple of weeks
*Pullback/Correction Idea:
Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618
Date Range from capitulation event to now are equally measured.
If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback)
If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks)
*Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question.
TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert*
Bearish Sentiment:
Greed is strong
*Seasonality- Markets tend to Drop off Mid February
Vix above 20
us 2y, us10y, dxy,vix all breaking out.
Divergence of NYSE ADV/DEC
Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200
Let me know what you think
$SPY daily consolidation: accumulation or distribution zone?Another thing I am noticing from the current price action is that $SPY market is setting up for a big move. Whenever we get into these consolidation clusters(which could be an accumulation or distribution zone) a big move follows.
Price has been holding the 9EMA, hasn't taken out the trigger for puts and has gone 2u on the daily, however it has been struggling to break and hold to the upside. Additionally, the day after a CPI print or the final moments of the day we typically get the "real move" as the dust settles. We did get a hotter than expected YoY reading with the 6.4% print, but the data was mixed overall.
WC1302 GBPUSD Outlook: Still a bullJust Wyckoff and a couple of patterns to support my bias on GU.
In Wyckoff, whether it is a distribution or accumulation phase, it will still make that move up. (On the flip case, it will still make an AR)
Major news for the pound and dollar coming in tomorrow night!
It's amazing how we can rationalize our bias. Let's see what will happen tomorrow!
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh?
As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points :
XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter
All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested
All "relief rallies" must come to an end and The Bear is NOT over (imho)
So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here.
I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives :
1. Take scalps
2. Increase holdings
3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves
So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :)
~ Box
BTCUSDT Potential Harami bearish on 1MA Harami bearish, candlestick reversal pattern, is about to occur on 1M chart twice after the All-Time-High event. If this projected drawdown plays out. This indicate a strong bearish signal. Harami is highly reliable in bearmarkets, in which pattern is a signal of top price. A Harami bearish just played on 1W chart. This replication on monthly chart will signal potential lower low, i.e. the bottom 15k of moonbois is nothing but a dream.
Greater timeframe, greater reliability.
The micro price action is performing like a final phase (E) of distribution pattern of Wyckoff method.
Now, on hourly chart, we can see a Head and Shoulders top formation targeting local demand. Also, an Alternate Bat harmonic pattern can occur, projecting price more drawdown, as we can see on chart.
Abandoned Baby bearish candlestick pattern is also performing on H4.
Oscillator Fisher Transform bearish.
Elliot Wave Method ]
Bitcoin seems to be ready to ride a route-off of this choppy bear market, as in a turn-point to made the 5th wave of an expanding ending diagonal, in which a bearish impulsive wave can occurs to throw-over this broadening wedge structure. This indicate potential lower low.
According to my wave count, Bitcoin is about to accomplish this actuall supercycle, making a wave 4 of an expanding ending diagonal, in which one more supercycle may complete this potential pattern, which a new ATH can surpass 200k. The 5th wave of the ending diagonal, which will be the next bullrun supercycle to complete the wave I of the Grand Supercycle, don't needs to touch the upper trend-line. For the validation of this pattern, the bottom of this actuall bearmarket needs to be accomplished, completing wave 4. Then, the shape of the channel will be definetly drew. If this market respect Elliot Wave rules, a severe bearmarket will occurs to made the Wave II of Grand Supercycle.
From a chart pattern perspective, this peak can be consider a pullback to Head and Shoulders neckline in confluence with the back-test to anchored VWAP from ATH. Indicating turn-point.
Fibonacci
Historically, In all corrections, BTC retraced either 88.6% of the same measured Fibonacci retracement, decreasing more than 80% in it's price from each new all-time-high. As we can see applied on this chart, a drawdown either 50% can be expected.
Pivot levels
Stablished pivot levels from the sum of HH+HL+Close:3 from the choppy sectors selected. in a fractal manner, the pivot level is a potential area of interest to re-entry. The price can shakeout in this range due to the anchored VWAP from candle of 13-Jun'22 reaction, thus I've pinpoint these levels to be watched.
Harrmonic pattern prediction
In prediction, a Partizan 2.4 harmonic pattern can be formed on this speculative bottom region, lead price above to 40k supply region.
Swings: Accumulation vs. Distribution Notice the swing areas, and the volume indicator. Had the indicator been used for "trend strength" it would of sold off. Rather, use the Accumulation/Distribution to identify bullish or bearish swings...if the volume increases or decreases lower in the consolidation zones.
FETCH.ai CRYPTO:FETUSD
FETUSD
I think after FET was listed on BINANCE Perpetual Futures ,
FETCH.ai start printing Wickoff Distribution Schema , maybe CZ want to buy more & dump more .. Couse i think all AI coins&stock will be next bubble in our life :) I am preparing for cumulate some of this , but who know ? I really dont know nothing ,this is not advice do your own research :D ... couse my ideas are 60% wrong ... I am only conspirate...
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )
Technical Bearishness:
1 hr - Bearish Divergence on RSI, MACD, STOCH
200 WMA: 167
currently oversold on BB bands
Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
TSLA Rally Finishing upTsla ready for a drop from here - if Markets start breaking down - be prepared to see TSLA go back below $125 is my target within next 3 weeks
*we could see TSLA traders push price to $169, but this will be a retail trap.
Good Luck
*Long Term Bull, but short term swig-trade idea
BTC : very dangerous scenario !!!In 4H Accum / Dis is the highest ever and price still far far far away from its maximum. This is indeed an impressive excess! On the other hand, price is doing an figure tipycal of final impulse. Yesterday, high volume has not been efficient to push upwards the price. The institution offered few days ago high prices overvaluing the price of ASK: retailers bought desperately!! CAUTION!!
End of the Movement in BTCC: bullish trap acomplishedToday at the tiem Markets open, we are attended to the final movement of the bullish trap in BTC/USD. Accum / Dis showed us an AMZING and disproportionated EXCESS over the maximum prices. All volume came from small retailes which are becoming trapped. This movement will allow to break the ca. 16000$ with minimum goal of 10 to 12 k€. If this does not stand: THE CHASM!
NASDAQ can move to the 10k? 🦐US100 on the 4h chart after my previous idea continue the bearish trend and reached the weekly support.
The price after a distribution phase took the SL liquidity with a false breakout of the 12200 level and moved lower with a clear break of the support and a series of lower high lower low to the 10700 zone.
The price creates a new redistribution phase and a new liquidity grab to the upside before a continuation to the lower side can be seen.
The double bottom over the support might show infact some bullish sign in the short term but also a new opportunity for the bears to move the market lower.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.