Hello 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...
CSCO looks to be distributing here and we may have already entered the markdown phase. The VPVR indicates some liquidity overhead, so I wouldn't be surprised for another test into that area before more distribution. I'm looking to short at that mid $43 level. The four hour chart is also in its own micro TR that has yet to show a bias as far as I'm concerned,...
DAX 30 Currently in phase C stage of distribution. Optimal entry here will be upon a successful retest of the lower boundary of the range from beneath.
Very bearish market geometry on display in the Euro Stoxx 50 chart. Bearish are certainly in control with bulls failing to create new highs this years and also a recent failed to re-enter the trading range. P&F count for this one brings us down the 3100, this ties up nicely with a the previous horizontal resistance developed in 2016. Good luck! For more info on...
BTC seems now to have found a small upwards channel. The trading range is where the price will probably range in between. The downwards line is a supply line SMI showing both bullish and bearish diverenge.. Possibly waiting for momentum to break important support levels
Information on consolidation phases (accumulation and distribution) can be found here: stockcharts.com Distribution bias is given by looking at Monthly and Weekly timeframes
Wyckoff Analysis is linked here: stockcharts.com Other commentary is annotated
We look to be in a clear ascending triangle distribution structure. As we approach our final test we should break up above our UT line, before dropping down to (hopefully) find support at the midline from the larger accumulation TR. If the support at 7260 holds...we're heading up for a while...
I'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...
First 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...
BTC is looking like distribution at the moment. Until we break the supply line with good volume i consider this to be distribution
The 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,...
It doesn't get any clearer than this. I will link information relating to Wyckoff stockcharts.com
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...
-Considering the shrinking volume on the Signs of Weakness' in Phase B, I assume we are in the Distribution Schematic #1 -Also, look at the Distribution Schematic #1, it is nearly identical with our BTC situation Thanks for taking a look, please PM me if you are a fellow Wyckoffian so we can share ideas!
Even before the tragic news which caused a mass sell-off, price action already exhibiting simplified similarity to schematics of Wyckoff distribution. Bulls rallied all the way up into previous support zone until close of trading on the 5th of April. With RSI showing exhaustion and potential loss of confidence following the April fools tweet from Elon Musk this...
Distribution might still be intact.. Trapping the bears who shorted at supply line and trapping the bulls on the breakout..
Wyckoff Distribution + H/S near macro supply line.. Yes i've been shorting this but this is not financial advise and just my opinion..