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Secondarytest

Bitcoin Wyckoff Update With Point Of Control LevelsHi all, I've updated the wyckoff schematics with more details and adjusted the levels. We have just had the secondary test in phase B. I'm expecting the upthrust event to happen early next week when the Previous Weeks Value Low (pwVAL) is hit. This level is the exact level we crashed from 52k! My goal with this trade is to take profit at the upthrust and buy back at the spring event as i'm already fully invested in Bitcoin. I used volume profile point of control (POC) indicator along with my support & resistance levels in this analysis. It basically marks important levels on the chart. Colors: Yellow: Weekly levels Purple: Monthly levels Cyan: Daily levels Acronyms: wOpen: Weekly open pwVAH: Previous weekly value area high pwPOC: Previous week's point of control pmVAH: Previous value area high pwVAL: Previous week's value area low mOpen: Monthly open pdVAH: Previous day value area high dOpen: Daily open dPOC: Daily point of control In addition to that, i used Fibonacci Time Zone (vertical blue bars) for possible reversal timing. Note that these are not wyckoff phases. I'm probably wrong, good luck!
by BitcoinMillio18
55
BTCUSD Secondary test completeHello traders! In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is best for this type of scenarios. Buy target is hit now and now expect a drop that will break the previous low. Hit the like button if you successfully traded both waves.
BITSTAMP:BTCUSDShort
by Aadil1000x
9
USDCAD WYCKOFF'S AccumulationHello traders! Hope you are enjoying pips this month. First i need some support so HIT the like button, i will keep you update with great stuff. After Huge drop USDCAD is now Forming Wyckoff's accumulation pattern. Currently it has formed head and shoulder pattern that is another confirmation for sell. This sell will break the SC area. It need a secondary test(ST) of SC area before any recovery. Be careful in this trade because this is the Wyckoff's analysis method which performs very good in stock market but it does not have good accuracy in Currency Market. Caution This trade is not from my Monkey Fist strategy(The strategy that i use in my trades) Previous analysis
Short
by Aadil1000x
2
Complete structure of BTCUSDAfter BTCUSD reached the selling climax(SC@3850$) it moved upward which is the automatic rally(AR) of the market which happens all the time after selling pressure. Now, this wave is about to make a secondary test(ST) to balance supply and demand. After ST we can see uprise to break the AR level. Then it will be ready to fall to break the bottom in corrective formation after that we will see uprise to test AR level. Hit the like button if you find it helpful and informative and follow to catch every wave correctly.
GEMINI:BTCUSDShort
by Aadil1000x
3