#LINK This is a textbook stairstep up after a V shaped recovery from a Wyckoff Spring as seen in the left chart where ETH did the same. Breakthrough volume followed by consolidation volume while stair stepping up. Mikey Likey
#BTC I love to see the noise and fear that comes from these patterns playing out, IMO sentiment is a massive tell. So far this flag is a textbook support bounce, and if it plays out will head in the direction of max pain, and fast...
#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the...
Bullish Features on AAL, Showing a minor SOS and creates a probable LPS and continuation upward. Looking for a retracement somewhere on the Fibonacci retracement. maybe around 0.618 and take off upwards
Bitcoin has been in a sideways range since Jan 24th after dropping from ATH in November. Since then accumulation structure has formed and showed sign of strength at the begining of March by hitting 45.352 and rejected from 200MA. Following this rejection, Bitcoin started printing higher lows and has successfully broke above 200MA in it's second attempt. I'm...
Hi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested...
I’m on the go for a few days and didn’t take my laptop, but this doesn’t mean I won’t publish new ideas ;) We have seen a great bounce with FED news (It has started way earlier than the public announcement ) and continuation with great news from Twitter integrating tips using bitcoin over lightning network through strike api. This creates a perfect environment...
LOL :) This is what you will hear from bears screaming bear market and it's the perfect buy signal :) Here's why: 1- The Up Trend is Intact From a long term perspective our uptrend stride has finally found it's third touch and the supply trend is validated. Even a second spring happens, it will just be a shakeout. 2- The FED News This is where the reversals and...
Wyckoff Accumulation - We are at Phase D and we are heading towards the Last point of support (LPS). From there we should see a bullish move. This is purely based on technical prediction. This is not financial advice and please DYOR
Purely Technical analysis, there is a clear classic wyckoff accumulation pattern resembling an inverted HnS or cup and handle. Using PnF, i have calculated conservative and aggressive TPs. PnF = 24x0.01x3 = 0.72 TP consv= 0.20 + 0.72(50%) = 0.56 TP aggrsv= 0.20 + 0.72 = 0.92 will the history of 2014 repeat itself forming shark fin pattern?
Been accumulating since the very beginning with clear chart pattern of cup and handle and possible inverted HnS on the right-hand side of chart (the classic accumulation pattern) This study is a little bit too optimistic by taking PnF TP all the way since end of 2018 till date as seen in the chart Grand PnF= 25x0.01x3 = 0.75 TP consv = 0.32 + 0.75(50%) =...
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.
Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants) Shares VS Warrants %RCW $10.24 $3.51 34.3% $5.81 $2.76 47.4% $4.63 $2.34 50.4% $3.69 $1.71 46% $2.65 $1.05 39.6% $0.75 $0.21 28% Todays Sale Dec...
Been watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see: - Small retrace to the 50 MA...
Good morning, traders. It looks like Bitcoin may be completing the recent corrective move now as it finds support around the bottom of the blue TR/4H pivot/equilibrium of the black TR as I mentioned the past few days during our morning live stream that I was watching for it to do. This is also the 61.8% retracement of that move up from 10/31. These two movements...