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T-distribution

BTC in a Wyckoff distribution, probable fall down on the weekendHello cryptotraders, I come back with and idea for BITFINEX:BTCUSD i´ve been reading and developing on the Wyckoff scenarios, so i leave you here my first chart with this method. After surpassing 7250 BTC is inside the symmetrical triangle, the lower line of the triangle is the one you can see in green that is as well acting as support, the Wyckoff distribution is developing inside the triangle. At the moment we are approaching the UTAD Test in phase C , which will be the HH (higher high) BTC reaches in this leg up if this scenario is right, that would be around 7600 - 7650. If this scenario is wrong then i would love to see BTC surpass the upper part of the symmetrical triangle over 7800 and see it reaching up to 11200 values. Personally i will close my long in the UTAD Test, and wait to see how the scenario develops. Cheers Rob
BITFINEX:BTCUSDShort
by rlpz
1
BCH Distribution Phase EI've been trading off this 4hr BCH chart for a while now with great success. Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of SOW. Pros: Distribution touch points present SOW break is clean with a failed second test Guppy support through colour change on key areas Cons: Sell volume not as strong as expected through the channels Strong bounce at first test breaking higher than I would like from the SOW range Bounce potentially incoming that will need to be monitored I'm looking for more downside but the indicators show it may be due another bounce here. A break of the previous high would be a concern for me. It looks likely to fail based on previous weakness of Stoch RSI wedge breaks in the downtrend. My short trailing stops have been established as we continue. I'd be looking for a 0.12 target which has seen signification S/R before.
Short
by YeOldeMiner
Wyckoff Distribution in Full Effect in BTCFirst chart release. Annotations on the chart that provide some of my later thinking. This is a distribution pattern I've been trading for the past two weeks very successfully. We're now in a supply channel which I'll be keeping an eye closely on for a breakdown. I would expect to see an increase in volatility and a reclaiming of the top channel line when this is ready to move out. Current price action isn't moving back to the O/S channel and this is something I'm keeping my eye on. Looking for a target of 6.8 before a break of the channel and a move to accumulation/re-distribution.
BITFINEX:BTCUSDShort
by YeOldeMiner
2
Dow Jones Industrial Average Case for Wyckoffian DistributionThe Dow Jones is beginning to make a strong case for entering a phase of distribution. As the DJ:DJI is essentially an index of the American Economy, this will be a trading range that I am particularly interested in and will continue to watch over the coming months. It's difficult to time moves when it comes to Technical Analysis. Targets/Levels are easy to do, but the question of "when" is often hard to answer. This will be a waiting game. I shall also take a look at some key stocks on the Dow 30 to see if there's a consistent pattern of slowing bullish momentum, supply sneaking into the market, or the beginning of distribution phases. Dow 30: www.investopedia.com Wyckoff Logic Tutorial: stockcharts.com
DJ:DJI
by AzorAhai06
4
What if megamoon may canceled? [BEAR IDEA]Since April 19th (and fairly apparent by the 11th) BTC is looking quite like a textbook example of Wyckoff distribution. The most recent pump after bottoming slightly at 8.2k seems like possible throwback, and will be adding more to my short from now till 8.7k. Will market eject at 8.9k. Coindesk Consensus is next week and so it this will either be a mega fomo bulltrap or I'm an idiot and will need to throw some eth for some KYS: killyourself.network.
BITMEX:BTCUSD.PShort
by TradePod
BTC is indecisive and procrastination.. But not for longBTC is in a big symmetrical triangle (Yellow lines) I am now more convinced the current trading range is a distribution schematic.. Mainly because of the volume that comes with these red dongers (Sign of weakness). Everytime we hit the supply line btc 0.85% takes a dive south and find temporary support at the bottom of the trading range.. We might test the supply line once more or even try to break through it.. The supply line is for me a perfect target to short btc 0.85% or when strongly breaking down the support (bottom of trading range)! Warning: If this for some reason breaks the supply line with lots of volume and price movement this distribution will be invalidated for me This is my opinion and i can change my opinion when the market changes. This is just my current view
BITFINEX:BTCUSDShort
by ForeverOnline
1
US Dollar No DemandThe US Dollar has been in distribution with large speculators unwinding their net long positions (COT Report) that had been building since mid 2000. Currently the longs and shorts are matching each other and there is no commitment in the US Dollar. The volume signature has also decreased. The correlation with the 10 year bond yields has also shown a significant divergence especially since the start of 2018. Bond yield are increasing but this has not stimulated investment into the Dollar. If this bond yields continues to rise it could stimulate investors as the benefits could out-way the risk. With all the uncertainty in the market large speculators are playing the waiting game. However, when there is a contraction in a market a big move can be expected and when the large players have clarity on which side they are committing we can ride the wave with them. The divergence in bond rate differentials can be seen in dollar pairs and could create opportunities when correcting.
DShort
by SteynTrade
2