GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution.
The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying.
A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly.
Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827
Support levels: 1.2685, 1.270
Resistance levels: 1.827
I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range
Regards R. Linda!
T-distribution
Solana - Wyckoff Mark Up ExampleSolana vs. Wyckoff Logic
SOLUSD example of mark up in the Wyckoff logic schematic. If unfamilar, there are market phases according to Wyckoff Logic:
Accumulation: The phase where the market stops falling and begins to form a base, suggesting that demand is starting to overcome supply. It is characterized by a selling climax, where the price falls sharply, and the volume is high, indicating panic selling. After the climax, there is typically a phase of sideways movement, with occasional tests of the lows. This phase is labeled as the cause, setting up for a new upward trend (effect).
Markup: After accumulation, the price starts to rise, signifying that the market is entering the markup phase. This phase is indicated by a rise in price away from the accumulation zone, often with increasing volume, which is interpreted as the start of a new uptrend.
Distribution: This is the phase where the market tops out and is characterized by a buying climax. Supply begins to overcome demand as the "smart money" starts to distribute their holdings to the market. The distribution phase is also labeled as the cause for the subsequent downtrend.
Markdown: Following distribution, the market enters the markdown phase where prices start to fall consistently. This phase is shown by a break of support levels with increasing volume, indicating a strong presence of selling pressure.
The image also depicts the concept of "Volume" with a histogram at the bottom. The volume bars are colored in red and blue, generally indicating selling and buying volume, respectively. The histogram helps traders identify moments of high or low volume, which can be a sign of the strength or weakness of a particular price movement.
Wyckoff's analysis technique is grounded in the study of price action, volume, and time, as they relate to supply and demand. It is a tool for understanding the market's structure and potentially predicting future price movements by identifying the actions of large institutional traders and investors.
#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
#BTC #Bitcoin #Final #Update 'D' #Wychoff #Distribution #Eddy
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 2/14/2024 ❤️
🇬🇧 GBPUSD 🇺🇸 - Waiting for distribution from consolidationGBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate.
Reasons for further gains:
1) Today will be NFP. Expect the data could be bad for $
2) Price breaks local resistance
3) Consolidation of price above PDH and above 1.2750
4) Bullish trend and strong consolidation
#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Wychoff #Eddy#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Schematic #1 : #Wychoff #Events & #Phases #Wychoff #Eddy
((" I have analyzed gold for you with a combination of Price Action + S&D + RTM + ICT + Volume Trading, Level 2/3 Book Map, Dow Theory + Wyckoff Schematic &...
Please Dont forgot boost and comment, i will answer all comments. "))
By : Dr. #Eddy SunShine 👨🏻💻 1/18/2024 ❤️
"Thank you to #TradingView for making this extremely useful platform and also for providing this social space to publicize the charts and all the interesting features it has."
Love you ❤️ #Eddy
Bitcoin Distribution I aim to articulate the discernible trends depicted on the chart. Numerous trendlines can be observed in the historical movement of Bitcoin, with a notable convergence anticipated within the green-highlighted zones by 2024.
I anticipate the current distribution pattern to undergo a resolution downward, culminating in the formation of a plateau. This plateau may signify a potential period of financial relaxation in the near future.
Noteworthy points include the outcomes of yesterday's closed meeting with the leaders of BTC ETFs, which did not yield substantial price movements in an upward direction. Volatility, indicating a more accelerated position, leads me to consider the first two weeks of 2024 as a critical timeframe for resolution.
GBPUSDAs a student in the financial markets, learning about the market is interesting and it's a long journey to begin with. GBPUSD having a accumulation, manipulation and now waiting for a distribution. Will GBPUSD make a move early next year along side with USA rate cuts? Let's see what year 2024 lead us to
I don't post much as I'm not a signal provider nor a financial advisor. But one thing is that learning how the market behaviour, reactions and structure, it's simply interesting to me. If you have any thoughts on GBPUSD, let me know down the comment area, let's discuss about it.
This will be my last post and trade of the year 2023 holding it till next year 2024. Wishing you guys out there trade safe and happy new 2024.
Swing Trading - Concept of Accumulation and Distribution Following stocks have been discussed in the video
1. HG Infra
2. NFL
3. SPIC
Accumulation - Is always found on downside and any breakout may give 8-14% returns in short trade
Distribution - Is always found on top from where the price may reverse to downside
This video is made only for educational purpose. Do your own study before taking any trades.
YFI Huge Fakeout ! Yearn Finance (YFI) has orchestrated a strategic move, executing a feigned breakout from a descending triangle—a bullish pattern that saw a swift sweep of the $14,000 level. In this analysis, we unravel the narrative behind YFI's tactical retreat, its implications, and the anticipated journey back into accumulation.
Chart Analysis: The Intricate Dance of YFI
YFI's recent price action presents a nuanced storyline on the charts, characterized by a false breakout and a subsequent retreat into a potential accumulation zone.
Key Observations:
Feigned Breakout from Descending Triangle:
YFI exhibited a false breakout from the descending triangle, creating an illusion of bearish momentum.
The rapid sweep of the $14,000 level marked a calculated move to trigger liquidity.
Retreat into Accumulation:
Following the feigned breakout, YFI is retracing back into what appears to be an accumulation zone.
Accumulation zones are often strategic areas where institutions and savvy traders gather positions.
Critical Levels: YFI's Recharge at $14,000
Strategic Retreat and Accumulation:
The retreat from the false breakout aims to accumulate positions at a key level.
$14,000 emerges as a critical zone for replenishing liquidity and preparing for the next move.
Potential Scenarios: YFI's Journey Back to Prominence
Accumulation and Strategic Reentry:
The retreat into the accumulation zone sets the stage for strategic reentry.
Savvy traders may position themselves within this zone, anticipating a renewed bullish surge.
False Breakout as a Tactical Move:
YFI's false breakout could be interpreted as a tactical move to shake out weak hands.
The subsequent accumulation phase may serve as preparation for a more sustained bullish advance.
Trading Strategy: Navigating YFI's Tactical Landscape
For traders considering YFI in their strategy:
Accumulation Zone Entry: Assess entry opportunities within the identified accumulation zone.
Monitoring $14,000 Level: Keep a close eye on the $14,000 level for potential confirmation of strategic moves.
Risk Management: Implement risk management strategies to navigate the inherent volatility.
Conclusion: YFI's Strategic Maneuver and the Road Ahead
As YFI retraces from its feigned breakout, the narrative suggests a strategic accumulation phase underway. Traders are poised for potential bullish movements as YFI recharges at the $14,000 level, highlighting the intricate dance between feints and strategic positioning in the crypto arena.
🚀 YFI Analysis | 🛡️ False Breakout Tactics | 🔄 Retreat into Accumulation
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Share your insights and analyses on YFI's tactical retreat in the comments, contributing to the collective intelligence of the crypto community. The journey through false breakouts and strategic retreats adds layers of complexity to the YFI saga. 🌐📈🚀
NQ Power Range Report with FIB Ext - 11/30/2023 SessionCME_MINI:NQZ2023
- PR High: 16050.25
- PR Low: 16037.00
- NZ Spread: 29.75
Key economic events
08:30 | Core PCE Price Index (x2)
- Initial Jobless Claims
10:00 | Pending Home Sales
Another day of virtually no change
- Maintaining weekly range
- Failed breakout attempt above 16180 supply zone
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 200.87
- Volume: 28K
- Open Int: 280K
- Trend Grade: Neutral
- From ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
🔥 Bitcoin In Wyckoff Distribution: Top Is In?Over the last couple of week's I've been very bullish on the market. My 40.000 thesis for this year is still my personal most likely scenario, but that doesn't mean that we can't look at the market from a more bearish perspective.
So, in this analysis I want to take a look at a bearish Bitcoin scenario that might be playing out at the moment. Bitcoin might be trading in a Wyckoff distribution pattern.
As seen on the chart, the BC/UT/UTAD are nearly identical as on the schematic. Three higher-highs, of which the first two are sold off quickly, and the last (UTAD) took a while before it turned bearish.
AR and SOW are also fairly identical to the schematic. Difference is that we had two retests of the AR-low between UT and UTAD. In the end, the schematic is just a schematic and the market will rarely follow it exactly. I'm interpreting it more as a guideline instead of an exact science.
Were this pattern to play out, Bitcoin will likely retest the SOW area in the near future, and likely fall through the SOW support. This would also mean that 38.4k is the 2023 top, with a move towards 30.000$ being fairly likely.
Like mentioned before, I'm still bullish on the market. However, it's important to spot bearish signs when they are there. The fact that we had three higher-highs which were all sold off is alarming at the very least. Time will tell if this pattern will play out. For now, keep your eyes open and be watchful.
Share your thoughts in the comments, interested to see what the community thinks of this pattern.🙏
TVK: Accumulation Manipulation and Distribution to $0.16Exciting developments in the crypto space as TVK (ThetaFuel) follows a trajectory similar to LINK, experiencing a prolonged accumulation phase within a range. The recent shakeout below the range, swiftly followed by a sharp recovery back within, sets the stage for a potential upward move. Anticipating a retest at the 0.5 imbalance level around $0.036, with the first target set at $0.16. Let's delve into the details. 📈💼
TVK's Accumulation Breakout:
Range-Bound Accumulation: TVK has undergone an extended period of accumulation within a defined range, resembling the scenario observed with LINK.
Shakeout and Recovery: A recent shakeout below the range swiftly followed by a sharp recovery back within signals a potential accumulation breakout, reminiscent of LINK's historical movements.
Key Price Levels:
Retest at $0.036: Anticipating a retest at the 0.5 imbalance level around $0.036. This level serves as a critical point to observe for confirmation of the bullish momentum.
First Target: $0.16: Upon successful retest and confirmation, the first target is set at $0.16. Achieving and sustaining this level could pave the way for further upward momentum.
Trading Strategy:
Observing Retest: Patiently observe the retest at $0.036, ensuring it aligns with supportive price action and volume for confirmation.
Strategic Entry: Consider strategic entry points based on the confirmed retest, aligning with your risk tolerance and trading strategy.
Risk Management: Implement risk management tools such as stop-loss orders to mitigate potential downside risks.
Conclusion:
TVK's accumulation breakout, resembling the pattern seen with LINK, presents an exciting opportunity for traders. A retest at $0.036 followed by a potential rally to $0.16 is on the horizon, offering a dynamic landscape for crypto enthusiasts.
Wishing you successful trades on the TVK journey!
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Go woke go broke? - Anheuser Busch
From a technical perspective, Anheuser-Busch InBev (AB InBev) presents an attractive opportunity due to a substantial drawdown of over 20% since April, attributed to a perceived shift toward 'wokeness.' This phenomenon, commonly expressed as "go woke go broke," often reflects boycotts against companies embracing diversity, equity, and inclusion, or, in AB InBev's case, partnering with transgender influencers. However, this negative sentiment has potentially led to AB InBev being undervalued.
The uniqueness of this situation lies in AB InBev's diverse brand portfolio. Many of its brands are not immediately associated with the company, and while certain recognizable ones may face boycotts, the other brands continue to thrive. Notably, several of these brands hold higher market values than the more affordable ones that have been boycotted, which suggests that this strategic diversity could benefit the company.
Additionally, as the outrage associated with 'wokeness' appears to be subsiding, AB InBev may find itself in a more favorable market position. Furthermore, in times of economic uncertainty or conflict, consumer demand for alcoholic beverages typically increases, and AB InBev's comprehensive product range positions it well to meet this potential surge in demand.
Price Levels:
Strong Support: $49.80
First Resistance $59.90
Target 1: $65.80
Target 2: $88.93
Long-Term Target: $106.00
XAUUSD Sell, Wychoff SMART MONEY CONCEPTPrice is in an overal downtrend on gold. Price has recently entered a 15 min Point of interest (15 min Order Block). Price also started forming a Wychoff schematic within the POI leaving behind a small imbalance after the UTAD as indicated on the markup. Im interested in sells if price grabs the liquidity building at current price and triggers my sell limit on the 5 minute OB identified.
bear is about to start !!
It's evident that the accumulation phase is approaching its conclusion sooner than expected. The US100 index has notably fallen short of breaking its all-time high. Could this signify that major players are now offloading their positions to retail traders like ourselves? Even in the best-case scenario, substantial market shifts are occurring. I'd love to hear your thoughts on this
📈 Ethereum's Wyckoff Accumulation 📈Understanding Wyckoff Patterns: A Brief Overview
Richard D. Wyckoff's trading methodologies have stood the test of time.
These patterns are characterized by phases of accumulation, manipulation, and distribution.
Ethereum's 4H Chart: A Wyckoff Tale
On Ethereum's 4H chart, we see signs of accumulation, where smart money starts buying.
The next phase could be marked by manipulation, with price swings often seen as tests.
Following this, distribution may occur as the price rises to a certain level.
The Anticipated Outcome: A Bullish Move
Wyckoff patterns often conclude with a bullish move.
Traders are eyeing this setup for a potential uptrend in Ethereum's price.
Trading Strategy: Navigating the Wyckoff Path
Traders may consider entering or adding to positions during accumulation.
Caution is advised during the manipulation phase, as price swings can be volatile.
Distribution may be a signal for some traders to take profits.
Conclusion: Wyckoff Wisdom on Ethereum's Journey
Understanding chart patterns like Wyckoff can provide valuable insights into market dynamics. Ethereum's 4H chart currently reflects this classic pattern. While it suggests potential upward movement, traders should always exercise caution and use risk management strategies.
Crypto markets are known for their volatility, so stay informed, adapt to changing conditions, and trade wisely.
As we watch Ethereum's Wyckoff-style journey unfold, remember that trading is both an art and a science, and every move should be calculated. 📊🚀🌐
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