the correction completed and impulse bearish wave started the now in strong demand area we will get small correction To distribute buy orders it will be great Selling Opportunity with the break
The correction is complete and Bitcoin will fall to break the bottom and then the 16500 level
wave analysis momentums impulse wave range price action
Look up that infamous "Wall Street Cheat Sheet, psychology of a market cycle" diagram The 4th stage is the markdown and downtrend. In the very first cycle it looks pretty textbook where stage 1 is a consolidation box but crypto does crypto things...by the time COVID came the stage 4 into stage 1 is a WIDE and volatile type of consolidation which lead to the 2nd...
BTC SHORT WAVE analysis price action range distribution snr breakout
hey traders The distribution has begun, the price has reached its peak. Buying the cryptocurrency now means buying at the top. It is the time to open a short position
wave analysis snr break out distribution range trend change
wave analysis trend break out distribution price action
hello traders Notice the distributional behavior of Bitcoin, the price will retest the range and the price will go downwards
ULTA has been dodging fate for too long, anytime its indicated shorting opp. in 2022 it somehow finds new legs and treads higher. In my charts I use colors in accordance with their interpretation, so I didn't mean to paint this red it just only warranted red drawings, glamour stain tears goes with the pearls.. anyway: - Nasty expanding triangle with Distribution,...
Hi, I hope you're doing well. On the monthly chart of Bitcoin and the analysis of its Accumulation/Distribution indicator, we can observe that the slope of the A/D line is showing some potential bottoming. Whenever the slope of EMA and SMA of the line turns positive, we can say the probability of the bitcoin bottom is very high. But all of this depends on the...
AUDJPY - WYCKOFF analisys price is in a range market and has had a mSOW (minor sign of weakness) in which there was a liquidity grab, now the price will probably form the UTAD (Upthrust after distribution) and if that new high will be formed we will just have to wait for a reversal sign (such as shooting star or bearish engulfing) in order to open a sell...
school.stockcharts.com As per Wyckoff Distribution Schematic it would seem like BTC is entering Phase C which would be a retest of previous Up Thrust levels, which formed a higher high to the previous UT. Which would mean a retracement to previously supply zones before heading down further to the support area. However it could also be seen as the current highs...
I have only been in the market 18 months, and have tried/tested many indicators. The only one that has remained consistently true up until this day, is the Wyckoff Distribution Schematic #1. It hasn't really faltered at all since people started drawing the comparison early 2021. If it remains true, we will hit ATH before the cycle is done, sometime around the end...
HEY traders The distributional behavior on Ethereum is clear. It may not be the end of the rise, but at least the price will fall to retest the accumulation area
Possible ETH/BTC distribution? Average retail "crypto investor" expects merge, purge, splurge, sexual urge, wild spurge, scourge, etc. to pump the price...Target is sub 4%
Entry: 1/3 of total position size on market price (pullback) 1/3 slightly above the 15m Wyckoff Support line (last point of supply after sign of weakness) 1/3 with the confirmation breaking swing low (continuation) Stop Loss: Slightly above Buying Climax Targets: 1)1257 2)1160 3)1016
I expect a sharp drop in the gold price to the liquidity that has been building up for some time now. But before that happens, I'd like to see a rise to the 1730.00 area - hunt for the stops.