Been posting bearish charts for awhile and scaling out of the market. Very hard to fully bet against the Fed but it's to risky to not be hedged right now. Bounced off support today but I think we will visit the bottom of the rising channel - could revisit the February 2020 highs. Market is setup for a perfect top: -Debt ceiling + Delta variant concerns...
XAU has managed to break the two-week range between 1797.00 Upper bands and 1750.00 lower bands. This consolidation comes as normality after extending a steep decline right off the 1900.00 zones as accumulation now shapes into form. A projected re-test of the established mid-range sees a short entry opportunity toward 1775.00. This establishes a confluence...
Assuming the schematic is very correct, We might see gold push one more time to the upside. I have been patiently waiting for price to get at the 1860 level to go short on Gold. Price indicates it will hit that level before going down.
There is a lot on the main chart but lets go through it directly: Both had a parabolic run up and Over 80% corrections Both Created a W pattern with a higher low around the 0.236 retracement level from the height to initial low BTC intermediate high stalled at the 0.786 while NDX intermediate high was around the lower 0.500 (not shown on chart). ...
Sign of Weakness in the chart: 1. Climatic Volume on Upbar 2. Huge Distribution with Up-Thrust and Sell-Off 3. Confirmation on Weakness in Hourly Chart Case Study: 1. Asdion 2. Macpie 3. MMAG Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to...
Hello tranders, This is kind off playing with chart analysis, but taking Wyckoff theory as a baseline, I still believe we are somewhere in Accumulation phase (Spring / test) and I feel we should be witnessing some fundamental hot news to break current sideway movement and start ascending to the moon . Disclaymer: This is just high level analysis and not...
Disclaimer: This is a personal observation, I don't intend to claim this facts as the absolute truth of the events that are happening in the market. As we can observe, the Wyckoff Distribution Model suggests that BINANCE:ADAUSDT is standing on the Last Point of Support and (supposedly) should bounce back looking forward to get back on track with the B ull...
recently I was bullish on Filecoin but I changed my mind.
Top chart is the 15 minute chart and shows the key components to distribution. As of right now there has not been a key return to the ice. This is also some what provisional as usually they are way more Signs of Weakness in the move so this would be less reliable than the topping formation BTC saw at 60K The 4 hour chart shows that this trend line has been...
Here's the deal, As being one of the first trades to point out Accumulation, i've been at both sides of the story. Price being right at the middle of the trading range, it's time to evaluate current situation from both angles. 1- We are in Accumulation. The spring action is being tested and breaking 37k would validate it along with higher highs and lower...
Took the theory behind Accumulation and Distribution and applied it to current BTCUSD market. You can learn about it here: youtube.com slash watch?v=BHKm-jsSM6M (Phase D might start later than indicated.) In theory the 'last point of supply' would be the perfect spot to enter long.
Bitcoin - still before UT - Wyckoff re-distribution
Bitcoin is stuck inside of the bearish descending triangle right at the intersection of supply trendline and the weekly support / resistance. I will wait until it breaks above or collapses down. I don't trade inside of a bearish descending triangle.
It isn't too late to get in on this. I see another possible sell entry at bottom of this distribution range, which will be greater confirmation. I just don't see price giving up all of that liquidity (green arrow with $ sign). If the institutions behave like, well, institutions, they will drop to take all that money and can quite possible give a 1:9.
Bitcoin - idea for next months (redistribution -> accumulation)
I've digged deeper in to details and updated the accumulation phase we are entering. While the length of each phase can differ, this is pretty much what it will look like to reach $100k. So, sideways accumulation looks like it will continue in trading range until October, while institutions accumulate, following a rally / markup to $80k and the distribution will...
I will continue to update this on a weekly basis