Hi all, Bitcoin managed to cloas the week above 50k. While this physcological level gives comfort, the real resistance is at the weekly 51.791 and we are below that level. That said, consolidating under resistance is considered bullish, however, we don't know how price will react after passing this level. The wyckoff distribution i have pointed out in my...
Hey guys! Hope all is well. These are sure times of uncertainty. Market crash? Recession? Supply Chain Issues? Collapse of Evergrande? Hyper Inflation? Central Bank Digital Currency? These are all factors deciding the market currently. Be patient - Bitcoin's rally's happen in a four year cycle. This is when emotions need to be taken out of the picture. We may see...
Distribution in progress following the recent marked up phase highlighted in my previous idea. Demand has been dominant up until now with weak rallies showing evidence of declining demand. The most recent price action failing to eclipse the buying climax on 13th Jan along with a decline below the mid-point of the TR. Whist I will still remain wary of upthrust...
WyckOff Distribution phase has been formed We should see a potential Sell
I have noticed certain similarities between last Wyckoff distribution and a retracement of a run-up preceding it to a current situation. I'll certainly be on a lookout for shortening of thrusts, any up-thrusts and breaking of Ice.
Most recently we saw the cause of a distribution schematic, effect a significant drop in the price of Bitcoin. To determine the least path of resistance, I use the basic volume indicator and the volume for the visible range to look for inefficiency in price.
Looking at a large GBP sell off this week from my technical analysis.
Looking for a GBP sell off this week. Targeting the OB and POC for the overall volume control. The extension on the TP is targeting a large area of un-mitigated price from the previous bullish push to the new highs. This area has to be mitigated by the institutions at some point so they can close out of their sell orders at BE.
Wyckoff distribution pattern has been formed on M15 Chart Thus we should be able to see a potential Short position on GBPNZD Our 1st TP will be @1.99350 Our 2nd TP will be @1.98300
We can see Wyckoff's distribution form. Tell me what do you think.
Price action shoot up to moon. Volume dryer the Sahara Desert... We are in a fractal crash which is fantastic news after getting rekt'd last year. Cant wait to buy the dip and Actually HODL
Hello my beauties. Trade setup there. Good luck. TrickleDown FX
Hello my beauties. All you need for this trade setup is on the chart. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Looking at NZDUSD We can see that we have had a lovely distribution of price at a 4HR POI Have set 2 pending orders on both orderblocks. Lets see how this one plays out and see if we can get tagged in. Any questions feel free to ask
This weeks video is me going over 3 potential trades this week NZDCAD (Short) AUDCAD (Short) CADJPY (Long) I break down exactly what I am looking for right down to the 15min/5min TF's Hope you all have a great rest of your weekend, Christmas, and have a fantastic 2022 Take care Ben
Hi Traders! The following signals indicates a Trend Change with Down-Movements: Strong Weekly Resistance --> This is a high price and people might sell off again. Daily MACD Divergence --> The bullish Momentum sinks. People may feel a burden when buying the price and they actually want to sell it. Head and Shoulders Pattern --> People know this pattern...
Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking...
Hello my beauties. I think oil has been clearly showing signs of a distribution, with a price target measured on the basis of the range volatility, identified by the green area underneath. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing...