Hello, This is a System I have developed after months of case studies to trace a map when price reach Buying Climax (BC) on a Wyckoff Distribution System or just a simple BC. I'm pretty sure that all of you have wondered sometime where do the measures come from after BC and where will the price could go. Well if you have never asked that question maybe this is...
Consolidation triangle has a breakout.... Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move.... Also we finally broke below the moving averages so retesting in that same area of confluence.. Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached) Note: Macd is poised...
Truworths is breaking below the distribution trading range (TR) that was started in 2013. We have seen a backup (BU) to the TR and now the markdown is getting going.
Looking for price to come and test bottom of weekly candle before continuing mark down.
_______________________________________________________________________________________________________________________________________ Hello traders investors and community, today i want to share with you an example on how to analyze with the wyckoff market theory. There is an interesting example of an wyckoff distribution which i detected in BCHUSD, formed the...
A clear second distribution pattern is forming. We have selling into the moves higher on the recent BC and ST by the looks of the volume. We are also approaching a re-test of the AR in the first larger distribution pattern. The downward trend that has formed also indicates a re-test approaching. Watching this closely for some reversal signals to get into a...
This is based purely on fundamentals and industry market conditions. This is one of the first disruptive technologies in the gold mining industry and I can see this reacting in a very similar way as many innovative ideas that have been implemented into parallel industries such as oil and gas.
Price Action (Technical Analysis): It is not rare nor surprising to see price repeat itself, Weekly time frame I have anticipated this breakout as we saw price previously breakout and distribute itself all the way to our Weekly support. I'm expecting Sellers to dominate as we are ready for a short opportunity, we do not see price breaking higher highs and higher...
Go fill that CME, Mr. BTC and move on to business as usual. You know you want to.
Would like to see gold continue to fall.
BTC may be in phase C of Wyckoff Distribution. - If price does not break $8400, this could be the "Last point of Supply" LPSY. - If price breaks $8400, we can see UTAD "Upthrust After Distribution" and look to break previous high before selling off.
Good morning, traders. Bitcoin continues to trade sideways while printing higher lows toward the $8100 resistance on the lower TFs. It doesn't amaze me anymore that novice traders think highly bearish in spite of this development. Many of y'all are still in disbelief at this 6 month bull market. Sadly, what they fail to understand is that even a correction toward...
Invicta has been undergoing distribution. After a break to the downside on signs of weakness (SoW), we have seen a backup (BU) to the TR. Now we are waiting for the markdown to continue.
A look at the supply and demand shifts for BTC during the past 180 days. It looks like we are nearing the end of a full cycle, from accumulation to mark up and now entering the end of distribution. We begin phase D of distribution once/if price returns to the former trading range of $7600-$8400. I do believe that we are in a clear bull market, my expectation...
After showing signs of strength (SoS) (see the previous post) the tide seems to have turned and we are seeing some signs of weakness (SoW). Volatility has increased to the downside. The smaller TR that has formed at the top of the larger TR is also showing an increase in volatility indicating distribution. With the rally in gold, the rally in harmony has been poor...
Weekly rsi was overbought and it has sell pressure from the weekly ma50 so I think we just started to Phase D of distribution. Before to rise again, rsi needs to take breath also we need to check support lines. This brings a short opportunity here. Short between 5250-5150. Tp1 : 4920 Tp2 : 4780 If support lines broke, Tp3 : 4620 Tp4 : 4480 Stop Loss: over...