GBPUSD - For the "SI Traders" this is a Wyckoff Up-Trust and....
The Story:
Price is ranging
We have a false break with very high PVR
The reaction up wave is long wave having a hard time to move up
Then a PRS signal confirms the Wyckoff Up-Thrust
Furthermore the reaction after the down move is an up wave with an Abnormal SI of 35.3 which is a HTMU wave (Hard to Move Up) = more sellers and down we go again.
The "SI traders" know that this a Wyckoff Up-Thrust and a HTMU by just reading the Speed Index numbers.
Enjoy!
Learn to read and trade any market!
Weiswave
EURNZD- This is why it moved 248 pipsThe Story:
High PVR on 1st touch of support level = buying has started
Increasing PVR as price moves down which means buyers on the down
Double Long signal from Plutus WS and PL
High PVR again without the price moving down and then moving up
Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let them do what they have to do and then follow" Entry.
Enjoy!
Learn to read and trade any market!
AUDNZD - Plutus Long after a Fake BreakAll the charts tell a story, that's the story of this one:
We are hitting a support level for a second time
Fake break support. The reaction after the fake break is a very PVR = buyers
..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days)
Finally Plutus confirms the move and provides the entry.
Enjoy!
Learn to read and trade any market!!!
AUDJPY - Is Plutus going to beat Fibonacci?The Story:
Price coming down hitting 50 Fib
Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers
Coming Down again hitting 61.8 Fib
... and PRS signal is out
I will go short if 1hr closes below Fib 61.8, otherwise patience!
EURAUD - Probable Wyckoff Spring - The ForecastLearn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding pip move
The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.
BTCUSD Pullback to Neckline Accomplished. 50% drawdown expectedSigns of reversal, market structure choppy. Flat correction in consecutive double three zig-zags on the upper boundary of a macro diagonal after an complete impulsive wave; lower highs with decrease of volume, showing lack of confidence by the buyers-side, as shown on Weis Wave Volume indicator; overbought condition.
Harmonic patterns: potential bearish Crab leading to supply. If price action don't reach this area breaking volume POC, a least a back-test to VWAP from the higher high can be occur, leading by an 3-Drives pattern. High possibility of a POC back-test @ preferencial 14,6% Fibonacci retracement zone. Plus AB=CD bearish projection leading to the micro demand zone.
Strong hidden bearigh divergence on CCI oscillator.
Short position swing perspective: if price broke weekly pivot level @ 21009 with strength, possible intermediary target @ 18229 support. The price can retrace to the pivot.
MACRO
Weekly price action: the price made a strong bearish candlestick pattern Harami Cross.
The price is trading in a broadening structure like a ending diagonal formation.
Weekly scenario: price pulled back to neckline from the major Head and Shoulders back-testing the VWAP from ATH. In a potential fractal from the 1st test of this VWAP, in which the same Harami Cross performed in an overbought condition, showing that a strong supply was reached.
In addiction to the fractals, I've selected the local choppy structure and calculated the pivots by the sum of high+low+close:3, resulting in a key level exposed, in which price retraces before continue the decline in an impulsive bearish leg-Down.
Expectation: possible lower low if a throw-over occurs in a breaking of the expanding diagonal structure. this can be lead price to touch the same 88,6% Fibonacci level as occurred historically in all corrections. Therefore, a drawndown of 50% to the 11k level seems strongly possible,
---------------------
Bitcoin is about to complete it's first Wave 1 Grand Super Cycle bull run, in which actual point seems to be forming a ending diagonal of 5th impulse wave.
DOGE/USDTDoge is in an interesting accumulation formation, and at the moment its price is below the Ichimoku Cloud, which may imply a new setback before it crosses it. I understand that the Cloud above the price acts as a resistance region, and the more dense it is, the more difficult it overcomes it. With that in mind, we can see that in this case it is not that dense, so it does not seem like a strong resistance (I may be mistaken, of course). So, the best thing to do is to wait for a price consolidation above the Ichimoku Cloud for a safer entry and with greater profit potential.
It is also important to note that the volume has been falling in recent days and at any time we may have gained volume due to the optimism that the market has shown today (if it will happen ... Well, I am not a seer lol).
WT_CROSS indicates upward movement, Weis Waves has been forming small and almost inexpressive waves, considering also the volume traded and the fact that the price has formed an area of accommodation, I believe we can see the price evolve considerably, if not in the next hours, but in the next days.
Important to note: always do your own research and remember that the decision to follow this idea (which is personal) is not mine. Therefore, this is not a financial advice.
Good luck!
Weis Wave with Heikin-Ashi Trend TraderHi all,
This is my first post on Trading View so I hope I lay this outright.
What we have here is Heikin-Ashi candles with a Weis Wave indicator which triggers buy and sell signals. The strategy works best on 5 min chart.
The Heikin-Ashi is important for the volume indicator to work properly in this case
I have had issues where the entry and exit price of the trades changes due to the issues of backtesting with Heikin-Ashi so...
Does anyone know how I can stop the entry and exit price changing in a backtest? Any comments for constructive discussion would be appreciated.
Thanks!
Bitcoin: 50k? 8,360-9480-10640 to contend with first. 6:1 chanceWe have roughly a $1,200 gap between the levels, and to clear 3 levels will have odds of 3:1, and seeing as it failed twice before ill multiply those odds by 2, so 6:1. Only Volume will confirm a move.
- The indicator is Weis Wave Quantum Volume
PundiX – NPXS – over 700% profit possible(long) – pure TAHi Guys!
Today we want to share with you our recently discovered project.
This time we made technical analysis only.
First thing which brought our attention was rising volume on Binance.
During last 24 hours it was over 1300 BTC. Nice!
So looking at the chart we can see, we are very low according to Fibonacci scale.
This is actually the lowest level since 15 months and now we can see signs of movements.
On Weis Waves indicator we can see rising green waves and decreasing red waves. It means that supply evaporates slowly and demand is growing. This means one thing - greater pressure on the price which should result in the price growth.
MACD chart – this is very strong positive divergence. Although price was constantly decreasing over last months, MACD’s bottoms were each time higher. Such reading of the divergence index predicts future trend reversal. This may happen now.
On the second chart we marked Ichimoku Cloud. As you can see we crossed TenkanSen but we need couple of bars more in order to be sure we did for good and we are significantly above Tenksen (red line). Moreover some time ago TenkanSen crossed KijunSen which is another bullish signal.
So Traders! Keep an eye on this project. We know that generally market is unstable and we have to be aware of that. But this time we can earn some money as we touched the bottom of the price.
What do you guys think? Have you already bought it? Or You just observe?
Thank you for being here.
Do not hesitate to comment and like.
Click follow if you like our job! :)
HUGE Hugs!
WBM Team
BNB - Binance coin – will we manage to get any profit next weeksHI Guys.
As BTC dropped down there are literally few coins which bounced off and probably can give us at least small profit.
One of these is Binance coin. BNB has just bounced off from a big support. It didn’t cross this support since end of April 2018. It tried 3 times but luckily didn’t manage. This time we also bounced off from 0.0014336.
When watching Weis Wave chart we can see clearly new demand waves has shown up. Small supply on the horizon.
We also broke the resistance marked up by all local previous heights (red line).
When observing Ichimoku Cloud indicator we can see price broke TenkanSen (red line). Let’s wait if it was for good. We need couple of bars more.
Moreover positive info from MACD – bull’s cross just happened.
What do you think guys?
Will it be possible to earn some money investing in BNB?
You opinions are highly appreciated. :)
Thanks for being here.
HUGE HUGS!
WBM Team
BTC – some positve news. All indicators say BUYHi Traders!
We hope you are doing well.
Seems like BTC is getting better. After many bad words from the prominent people from finance, BTC not only didn’t go down but also managed to grow up a bit.
Taking into account the fact that major cryptos are sluggish we may think many investors sold their coins in favour of BTC.
Let’s look at the chart.
We have a couple of bounce offs with the latest reaching $7800. Still solid growth as we can see on the Gann Fan. Much over 1/1 level which is very good and solid sign.
Moreover demand is growing on Weis Wave and no supply on the horizon.
When using Ichimoku Cloud Indicator we can see clearly we are above the cloud and also chart has crossed Tenkan-Sen (red line) and Tenkan-Sen crossed Kijun-Sen (blue line). This is very strong and safe signal to BUY. Let’s keep an eye on this indicator as it provides rally safe trading.
MACD – we observed positive convergence. We can also distinguish that uptrend is getting stronger.
We measured their trend – look at first 3 dips. When linked, they form 13 degrees trend. When linking 2 last dips we can see they form 46 degrees trend which almost 3 times more. This is a massive change and we may expect to observe price rise.
What are your feelings guys?
Do you feel the same? Are we close to something big?
Thank you for your likes, support and comments.
Thank you for being here.
HUGE Hugs
WBM Team!
ARK – 516 % Earnings possibleHello Guys!
Here it is another much undervalued coin.
As you can see on the chart according to Fibonacci levels we are very low (same level as in December 2017). Same levels were observed in August 2017 before massive rally when one could earn nearly 600%.
So traders look now at Visible Range. We are below much below “fair” price and in the lower part of the Volume Area. It means 70% of all traders bought their coins over the current price. They won’t be willing to sell until they get their money back. Fair price is established at 0.00034035 BTC
What’s more we have double bottom already formed waiting for a great rally. Stay vigilant and observe the volume and price. Last time rally took us only 6 weeks so be prepared.
What’s more we have crossed MA50 which is very good sign.
On Weis Wave we can see volume rising and no supply therefore we have stronger price pressure. We need more volume to obtain such levels as in 2017 but stay patient and positive.
On MACD chart we can see positive divergence – all bulls’ crosses are higher from the previous ones ones.
So guys. This might be very interesting trade with great potential.
Observe levels such as 0.00026801 than 0.00035000 and than our first Fibonacci target 0.00043297. We have to break them all in order to break supports and obtain confirmation of the uptrend.
Fibonacci levels:
Target 1: 0.00043297
Target 2: 0.00058805
Target 3: 0.00071339
Target 4: 0.00083872
Target 5: 0.00101717
Target 6: 0.00124447
Thank you for all support. You are the reason why we are making this.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
If you don't want to miss out updates don't forget to follow us!
HUGS!
WBM Team.