POSSIBLE USD/ZAR DISTRIBUTION!Hello my beauties.
I noticed that USD/ZAR will most probably go through a phase of short term strength before marking down, after these very long term distribution schematics are completed.
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Luca, TrickleDownFX
T-distribution
GOLD LIQUIDITY TRAP!!!Gold can some times be a pain in the ass but a good pair once it goes your way.
It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens.
Longterm we are bearish but sellers in the markert must be reduced.
I hope this gets out to as many people as possible.
It is not a definite price path but a path with a higher probability
MODERNA POSSIBLE DISTRIBUTION!Hello my beauties.
I think MRNA has entered a distribution range, as the ST (second test) seemed to be pretty weak, and the price is now showing weakness below the trading range. We are going to wait for further developments in price action and eventually take a trade on the final LPSY. For those of you who like trading ranges, this might be a juicy opportunity. Watch for the creation of an UT (upthrust) and an UTAD (upthrust after distribution) before you take your trade.
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Luca, TrickleDownFX
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties.
We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy.
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Luca, TrickleDownFX
AMAZON distribution schematics!Hello my beauties.
I see a distribution schematic travelling towards completion on amazon.
If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down.
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Luca, TrickleDownFX
APPLE DISTRIBUTION SCHEMATICS!Hello my beauties.
Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend.
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Luca, TrickleDownFX
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties.
I think UsOil is showing signs of distribution on a 1hr timeframe.
This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range.
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Luca, TrickleDownFX
Dow Inc Showing Classic Wyckoff DistributionAmazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2.
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What is a Trading Range?
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In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply or Demand of the asset before starting a major campaign.
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What is Wyckoff Method?
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"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ."
Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure.
In a Distribution Trading Range two of the key characteristics are the UTAD (Upwards Thrust & Distribution) above the Trading Range, and the SoW's Signs Of Weakness's with strong volume at the bottom end of the range.
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Further Reading
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com
For Distribution Schematic #2 for comparison:
school.stockcharts.com
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$DJI Undergoing Wyckoff Distribution?Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com
Additionally, this same schematic took place in bitcoin not too long ago. See my related ideas below for the visual. It unfortunately played out to a "T".
Could it be happening again here? If so, be very careful with *any* longs.
ETHUSD possible distirbution!Hello my beauties.
I have seen a strong reaction to the downside after a BC. I think that Ethereum is creating a range of distribution.
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Luca, TrickleDownFX
Bitcoin update 21/09/202121/09/2021
Currently trading on 42 700 USD.
After Sunday - Monday crash bitcoin falled from 48 800 USD to 40 000 USD.
Many traders were liquidated.
Reasons for crash
1) Volume in market is very low.
2) China FUD - Evergrande company has some problems and all stocks falled down.
3) Stocks are on the tops and market is very tricky.
4) In market are many speculants and gamblers with high leverage positions and without any experince.
Next scenario for BTC
1) sideways range between 42 - 48k till the break of orange trendline and road to new ATH. Target is around 100-120K USD. Green scenario
- Important points - Daily close not below 38k (with body), Weekly candle not below EMA21
2) Distribution between 35 - 40k and then break down.
- daily close below 38k
Presonaly I am still bullish, bcs support on 40k is very strong and it is more easier to go up from this support then go down trough this support.
Market cap USDT after every correction grows. It means money still stay in cryptomarket and are ready for buy.
Silver Wyckoff distribution schematics!Hello my beauties.
I think Silver is in a phase of distribution.
Look at the chart for reference, and look up Wyckoff yourself.
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Luca, TrickleDownFX
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly.
Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it.
For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this.
For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
USD/CAD Wyckoff distribution!Hello my beauties.
It seems like this pair is distibuting, which aligns with my other analysis on DXY, GBP and EUR.
I will only take an entry on the retest of the trading range (in red).
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Luca, TrickleDownFX
Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
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Luca, TrickleDownFX
PALLADIUM distribution schematics!Hello my beauties.
I believe Palladium is going to test the bottom of the range, come back up, and give us a nice markdown. This is a rough idea of what the price action will look like, in my opinion. My analysis is fully based on wyckoff distribution schematics.
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Luca, TrickleDownFX
IS TESLA DISTRIBUTING? OR REACCUMULATING?Hello my beauties.
I think TSLA is going through an interesting phase. It broke the trendline that led it to its all time high, and the sellers came in strong, stunning it sideways. For us to fully understand what is happening, we'll need to wait for some more price action.
However, the following scenarios are possible, in my opinion:
1) TSLA will give us a nice UT (upthrust) off the higher end of the trading range, and we'll know that a distribution is happening, with the subsequent downtrend that will result from it;
2) TSLA will spring out off the lower end of the TR (trading range) and give us a nice uptrend continuation.
The bias for now is neutral, as we wait for price action to give us further indications. It is something that I'll be keeping an eye on.
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Luca, TrickleDownFX
Short Term Play 1 - XTZBTC Dear traders,
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Welcome to my new Short Term Play series.
XTZ/BTC clearly shows a path of accumulation (people buying the coin) and distribution (people selling the coin/distributing profits to other coins).
Every accumulation period has a fake-out before acceleration to the upside as depicted on the chart with white circles.
Target is in the chart.
Goodluck,
Doctor Hugo
BTCUSD contraction of volatilityFellow traders,
Contraction of volatility, BBands squeeze on 2day chart indicates that a large move is inevitable. Confirmation 6day chart on the right side of the screen shows bearish momentum. It looks like soon we’ll see BTC at 40k, or lower. The upcoming golden cross may be a fake out. All this will be invalidated if price action manages to stay where it is now, thus hanging on the 50SMA.
On short term time frames 8H, 6H, 4H BTC is in a down trend. 12H TF looks like it wants to jump down to its 200SMA around 40k.
It looks to me like the best course of action is to keep our powder dry and wait for a clear signal that will indicate direction of the coming move. One thing’s for sure though, something’s brewing up :))
Please, share your thoughts on this analysis.