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Wyckoff

XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested All "relief rallies" must come to an end and The Bear is NOT over (imho) So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here. I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives : 1. Take scalps 2. Increase holdings 3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :) ~ Box
by FudBox
3
BTC will retest the bear trendline? BTC had broken the major trendline of the bear market starting from November 2021, at the third time touching this one (see screenshot below). This clear breakout (at the 3rd time) would have risen a question on when the retest would happen. Using Wyckoff method for short-term period (2H TF), it seem that distribution is happening, possibly. You can find more detail in chart. Let wait and see if this scenario will play out. For mid-term, as in my previous analysis, I think that BTC is in accumulation phase to head $30000 (please see below link).
by evasivesteering
16
TSLA Re-Accumulation to Big DistributionTopping reversal candle on the 4 hr. I see Bullish and Bearish scenarios- * Yes Tesla can go to $180 first, it has to happen before Wednesday Bearish- pullback and double top , Rising Wedge or complete breakdown from here. Bullish-continuation on new support trend-line past $200… to confirm V bottom recovery (Tsla is one of few stocks that will be green while Markets go red) *** everything dependent on Markets to confirm Bull cycle or to fade the rally and begin the Final leg Down of Correction. My Thesis,( until price action delivers a different scenario)- I’m leaning Bearish, but with a possibility of higher high along with Bearish Divergence confirmation. Just to accumulate more retail liquidity before February selloff -Smart Money began buying in December- taking profits in February lines up with lower Tax on gains and portfolio rotation I believe economic data or FOMC will maintain hawkishness and rug-pull the markets next Wednesday. Macro Data: - NYSE advance decline is supporting weakness in markets -Retail & Smart money are completely divergent -Put/Call ratio beginning to favor Bears -Vix bullish divergence setup forming -DXY, 10yr & 2yr bond yields are all rising with markets -HYG Bonds are falling while markets advance -Retail influx & euphoria is at highest level since 2021 & 2022 August high (LARGE SELLOFF) - Feb & March seasonally are sell-off & Volatility spikes until April ***Everything is pointing to a Large pullback or “The Final” leg of Bearish Correction
NASDAQ:TSLAShort
by Black_Sheep1
9
Bitcoin in ~decade long Wyckoff re-accumulation?This is interesting - if bitcoin is really to survive the coming global depression (very likely probability per Ray Dalio and Bridgewater's amazing research and free published works), then we can also safely assume there is a likely chance bitcoin enters a period of re-accumulation in Wyckoff terms while global equities markets lose a decade to consolidation and crashes and bear market rallies as the big debt cycle deleverages this decade. This is a primary scenario I see playing out. Now if governments start crazy stimulus programs like we saw under covid, and print say $6 trillion here and there... all bets off and the low floor level will rise commensurately as the money will be devalued in the currency you chart bitcoin in. So e.g. from Covid, we can safely assume the "floor" price of bitcoin rose about 40% nearly overnight as the US dollar was devalued 40%.
INDEX:BTCUSD
by DropDead_Fed
BTC in wyckoff accumulation pattern$BTC at resistance... my original thesis by lightgray line (from Jul.2.), and the updated blue line. So I think we are in a Wyckoff accumulation pattern, and this is the final stage, if the next support test will success. Resistance : PSY leg & AR peak Support : spring leg & SC leg Next step : go testing support again ~19,5-20,5k, if we lucky, the test success at 21,5k, but I don't think so. And spring confirmed by volume, I think the bottom is in ( if the next test is success! )
by puttoAZ