Just seeing a very similar 'distribution' pattern taking shape on a smaller scale. Thoughts?
We might have just one more opportunity to dispose of longs in the next few days before BTC takes the downward direction.
GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h. With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000. I'll be...
US30 index fund is buying to form a UTAD then sell. I have specific points highlighted that I would love to see price react away from.
Wykoff distribution pattern for LTCUSDT with prediction of E channel
Unmistakable Distro Pattern. Rotations are short lived. FED Purchasing Arms have reversal Fills on for decline while ATH after ATH is forced higher on decreasing Volumes. We have 35,912 to 36,737 as potential Highs for YM - Probability is Neutral for now, the overthrow would not hold and requires a quick and dirty move higher. The throw overs are common at...
Rising (pinch) & Falling Wedge and Distribution/Accumulation
We did break structure on the zone 130.570 that took liquidity ,of the last Higher Low , and now price is looking to tap on my POI . I'm looking for a small accumulation on lower TF inside my POI for a bullish rally to snatch liquidity from the HL's mark with red points.
Gold may react to the downside on the 1768 mark. I put a tight SL in case the bulls still push the market higher.
Looking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY i don’t own Bitcoin right now, I’ll position myself when the Distribution will end
NZD/USD is possibly in a Distribution Phase after a long Bull-Run. The time to SHORT/SELL a pair can be NEARBY. Short/Sell NZD/USD is recommended once the Range Breaks Downwards. A safe SHORT ZONE could be 0.68550 Possible Targets could be 0.67130 and 0.64700. Stop Loss is not given yet because the Price is Still In Range and TRADE IS NOT INTACT YET....
Wycoff distribution on EU Look for sells during london session
Look for sells during london as it has formed a wycoff distribution
Although i don't trust intraday charts, It's hard to ignore the markup that has occured in the last week and how it recalls the begining of a distribution schematic, on the 6 hour chart. The volume peak on July 26th marks the preliminary supply (PSY) moving to the overbought region of the uptrend channel. Followed by the buying climax and an automatic rally to...
Here's the P&F chart update for Bitcoin after the Amazon FUD. We have a reversal bar to the downside which is bearish, but in order not to become overly bearish, i'm also counting for a possible reversal to the upside for the next column. Ofcourse we should expect a reaction in these reversal bars. In fact the current reversal could be the reaction itself. 30k...
What is TOTAL2? The TOTAL2 Shows us the Total Market Capitilisation of Cryptocurrencies (TOTAL MARKET VALUE) the amount of money in crypto excluding Bitcoin basically. Investing and trading based on price alone is like seeing the tip of an iceberg in the vast ocean, analyzing the Market Cap of cryptocurrencies is a great way to gauge the strength of Altcoins...
Hello everyone, due the high amount of request regarding ADA here is a new post. Let's analyse it together. As we can see ADA is making lower highs, this is a sign of weakness. We are still in the supply zone, here is where the pros distribute (sell) their stock to the new traders. More commonly known as distribution phase. We found a level of support at...
I think this could be a long trap followed by a bear trap. I'm not saying it will happen and it doesn't have to happen, but if it does, I will watching to long the next capitulation or scam wick.