DOLLAR DROPPING?This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence.
I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup.
Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly.
Stay vigilant, and trade safe!
Wyckoff
Distribution phase in the next 10 monthsSo we broke 100k. I'm sure we'll see higher in the next 10 months.
What's next? When is the correction?
I see such messages every day. That's why I want to give a full commentary and my vision.
As Waykoff told us, there are accumulation and distribution zones.
On top is the distribution zone If we stick to the theory of cycles, which I often write about
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We are entering the zone of local distribution I mentioned and marked with red zones If we are interested in the question how we will form the top and where we will distribute?
I would take into account the fact that we are already in the bitcoin distribution zone in this cycle and it will continue for another 10 months.
So, sideways in the 50k range, I agree, but I don't think it will go below the previous high of 73k.
Three distribution options:
1. ATH and then a gradual slide - the most standard top formation, with a run above 100k to induce euphoria
2. Two rising tops look better with liquidity removal of the first top, etc.
3. The killer of all the shorts, those waiting for the crisis, and so on.
They're going to kill all the non-believers on the moon.
And force everyone who believes in a million dollars for bitcoin to buy it.
Conclusion -
I expect a local distribution above 100k over the next 10 months, the possible top formation I have shown.
I do not expect a sharp drop to 50k - bitcoin has become a different asset class.
Everything can change a lot in 10 months, and based on my cycle theory,
I am waiting for the bull cycle to end. In this range of 10 months, altcoins will once again fall and rise at the very end. They will fall 51 more weeks down after September 2025.
I'm talking about local forecast in 1-2 years, further it will be even more interesting because globally after this cycle, all retail will say goodbye to their bitcoin and will not buy it back cheaper in 95% of cases. and Next we will count how much 1 sashoshi is worth.
in 1 Bitcoin is 120,000 satoshis.
When 1BTC reaches $120k.
1 sat = 1USD
And due to the fact that the printing press is working 1 satoshi will grow in the long run.
I hope for the best in our world. Stay close.
You can find out about other communication opportunities down below the chart.
Best regards EXCAVO
BTC 1h updateWe've initiated a short position on the 1-hour chart, setting our sell level at 99,134, which aligns with the base of the sell effort bar. Currently, trading volume has decreased, indicating a lack of strong interest from both buyers and sellers. I'm anticipating that the price will approach this sell zone with minimal buying activity, at which point I expect sellers to assert themselves. At that juncture, we can look for a reliable upthrust pattern on the 5-minute chart to identify a suitable short entry point. Let's observe how this scenario unfolds.
BTC 1D updateOn Thursday, December 5, 2024, the market formed a substantial upthrust bar at the resistance level established on November 23. This upthrust bar exhibited significant volume, with a positive delta volume indicating that buying pressure slightly exceeded selling pressure. However, an upthrust bar, characterized by a wide range and high volume closing near the low, often signals potential price declines. Therefore, a downward movement toward 86,702 is possible. However, the price may attempt to retest the sell zone and the upthrust level, potentially trapping early sellers. Caution is advised in this scenario.
BTC/USD: Ready to Break the Channel and Soar to 100K Bitcoin (BTC) has been trading within a well-defined descending channel for the past few weeks, showing signs of consolidation. However, several key indicators suggest that BTC is preparing for a breakout, potentially leading to a significant rally that could push the price toward the highly anticipated $100,000 level.
Bitcoin is on the verge of a significant breakout. All signs point to the beginning of a new bullish cycle, with a realistic path toward $100,000. Traders should watch closely for a decisive move above the channel, as this could mark the start of the next major leg up in BTC's journey.
Risk Management: As always, set appropriate stop losses and manage risk carefully. Volatility is inherent in crypto markets, and while the outlook is bullish, it’s essential to stay disciplined.
DISCLAIMER:
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
GAMUDA GOING FOR MARK UPVery nice Re-Accmulation Pattern here
I have been actively Accmulating the share since MId September 2024 :
These are my list of Entry & Exit :
1st POE : 17/9/2024 (Black Arrow)
2nd POE : 9/10/2024 (Black Arrow)
-EXIT : 21/10/2024 (Red Arrow)
Re-Initiated PE :
1st : 22/10/2024 (Black Arrow, This time i went with Full Position)
2nd : 4/11/2024 (Blue Arrow, I went with Overweight Position)
Purely Wyckoff Entry, i always aiming for, a condition in which i am in Assymetrical Leverage
XAU/USD :: Wyckoff Distribution :: PHASE B is coming ...With December comes ... Phase B;
at least I hope it does... everything looks that way. Classic Wyckoff Distribution... looks like a textbook example until now... let's hope it continues like that.
In the Wyckoff Method, Phase B represents the range-bound period after accumulation (Phase A) and before the price breaks out. Here's how to identify signals confirming XAU/USD is in Phase B:
Key Signals for Confirming Phase B:
Price Consolidation: Expect the price to trade within a well-defined range, characterized by sideways movement with lower volatility. During this phase, both buyers and sellers test their positions.
Volume Analysis: Volume behavior is critical. Look for higher volume on down moves and lower volume on up moves, suggesting selling pressure during corrections and weaker buying interest during rallies. This typically signals distribution or accumulation.
Testing Support/Resistance Zones: XAU/USD will often test key support and resistance levels, creating higher lows or lower highs, signaling potential re-accumulation or re-distribution. Watch for failure to break these levels decisively.
Range-bound Patterns: Watch for rectangular price ranges (consolidation) or broadening formations. A breakout above the top range suggests the transition to Phase C (mark-up), while failure to break down below suggests Phase A continuation.
Wyckoff Climax: Near the end of Phase B, a final climax can occur, where volume spikes and a sharp reversal signal the market’s readiness to exit the range.
but, please also consider:
Market Sentiment: Understand overall market sentiment, as external factors like interest rates or geopolitical events can influence XAU/USD.
Indicators: Utilize momentum indicators (e.g., RSI, MACD) to confirm overbought or oversold conditions in Phase B.
Good Luck to all!
ZILUSDT - 2024 Accumulation complete.NOT FINANCIAL ADVICE
One word: Mark up.
Okay, so they were two words.
Support at $0.022 tested successfully but we could still test this if no breakout takes place in the next few days.
A markup towards primary resistance zone 1 is underway.
Ideally, we see a breakout and a test of this zone as support, shortterm.
With Zilliqa 2.0 approaching, and new proposals underway (raising of SSNs comm fees up to 8%), plenty of bullish fundamentals to hang onto.
Market: FCPOG2025 (PALATAU ANALYSIS)Scenario: Accumulation Trading Range Identified
Methodology: Wyckoff Events and Indicators Analysis
Analysis Breakdown
The price appears to be forming an Accumulation Trading Range (ATR) on the 30-minute timeframe, highlighted by the blue box in the chart. However, current price movement suggests two possible scenarios:
Scenario 1: Short-Term Decline
Observation:
Price may first drop into a smaller Local Trading Range (yellow box) before continuing its upward or downward move.
Evidence:
Upthrust (UT) event detected, indicating a false breakout above resistance.
Indicators such as MACD, Stochastic, and RSI show bearish divergence, supporting the likelihood of a downward move.
Trade Plan:
Look for shorting opportunities within the smaller Local Trading Range.
Stop Loss: Above 4769 to limit risks.
Target Profit (TP): Around 4693, a strong support zone reinforced by a trendline. If price breaks below this, the next target would be 4626.
Scenario 2: Larger ATR Wyckoff Events
Observation:
Monitor the blue box area for price action confirming larger Wyckoff events (e.g., Upthrust, Spring).
Upside Movement:
If the price rises towards 4787 (resistance) but fails to break higher, look for an Upthrust Event to short.
Downside Movement:
If the price moves downward, watch for reactions at 4693 and 4626 support levels. If these levels hold and price reverses, this could signal an opportunity for long positions.
Key Levels to Watch
Resistance: 4787.
Support Zones: 4693 (primary), 4626 (secondary).
Indicators
MACD: Showing bearish crossover and divergence.
Stochastic Oscillator: Overbought conditions hinting at a potential decline.
RSI: Exhibiting divergence, adding to bearish sentiment.
Risk Management & Final Notes
Use smaller timeframes to refine entries and exits for tighter stop losses.
Maintain a cautious margin and adapt to new Wyckoff events as they appear on larger timeframes.
Disclaimer
This analysis is based on Wyckoff methodology and technical indicators. It is for educational purposes only and does not guarantee success. Always perform your own research and manage risks responsibly.
KGB CONTINUE MARK UPThis is a very big Re-Accumulation Pattern
But seems like more towards An Atypical Type of Re-accumulation
#2 Schematic, The Rising bottom
Vol has been evaporating, which probably supply been succesfully absorbed (Red Arrow)
What attract me the most, is that , despite Huge demand on 13/11/24 (blue arrow),
there were not much selling pressure
Current price action might be a sign of LPS,
Thus breakout of LPS probably an indication of Continuation of SOS (Sign Of Strength)
KGB might be one of the Leader in Tech Sector/Semiconductor-Related
Thus, position initiated today
\ Tight SL
Pure Wyckoff
BAHVEST GOING FOR MARK UPThis is one of the Setup which i really like
PowerPlay Setup
Price moonshot for 100% past 2-3 months
With a Typical ?Probably the classci Schematic #1 Re-Accumulation
* Spring possiblity
Despite price rising 100%, stil not much selling based on Vol
*(Red Arrow)
Thus i am humbly initiate position as attached
Tight risk for a powerplay
Assymetrical leverage
PureWyckoff
AMT 1D Investment Aggressive trend TradeAggressive trend Trade
- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp
+ weak test
+ first bullish bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
1M Trend Trade
"+ long impulse
- far below SOS level
+ 1/2 correction"
1Y Trend Trade
"+ long balance
+ ICE level
+ support level
- too far before 1/2 correction
+ volumed Sp
+ test"
O 1D Investment Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ biggest volume TE / T1
+ support level
+ biggest volume 2Sp-
+ weak test
+ first bullish bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
Monthly Trend
"+ long impulse
+ 1/2 correction
+ SoS level
+ support level
+ weak approach"
1Y Trend
"+ long balance
+ volumed manipulation
- neutral zone"
AFKS 5M Daytrade Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ extra volume T1
+ weak approach
+ volumed 2Sp+
+ weak test
+ first buying bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
1H CounterTrend
"- short impulse
+ biggest volume T1
+ support level
+ biggest volume maniulation
- one bar reversal"
1D Trend
"+ long impulse
+ 1/2 weak correction
+ SOS level
+ support level
+ reverse volume distribution
+ volumed manipulation"
1M Trend
"+ long impulse
- below 1/2 correction
+ expanding T2 level
+ support level
+ support level
+ volumed manipulation"
1Y Countertrend
"- short impulse
- neutral zone"
SUNWAY GOING FOR MARK UPSunway, very nice Re-Accumulation pattern
Shcematic #2 , The Rising Bottom
I have been actively collecting the stocks since 13/9/2024
I sold my position on 28/10/24 (Red Arrow)
And re-initiated my position today (Position as attached, Blue Arrow)
What attracted me with Sunway, is that, The price Contracting from the left side (Phase A) ->
towards the right side ( Phase D , probably)
-With vol evaporating
Very tight SL, risk priority
PureWyckoff
Analysis of FCPOG2025 – Palatau PerspectiveCurrent price action suggests that FCPOG2025 is navigating through the Accumulation Phase, as outlined in the Wyckoff methodology. Key schematic events are marked on the chart to provide clarity.
1. Wyckoff Schematic Overview:
The sequence begins with the Selling Climax (SC) and progresses through a Spring/Shakeout (ST) phase, followed by an Automatic Rally (AR).
Recently, the price tested an Upthrust (UT) but failed to sustain momentum above the key resistance level of 4961, signaling potential bearish continuation.
2. Anticipated Price Movement:
With the failure at the UT, the price seems inclined to seek lower levels. A plausible downside target is the nearest support around 4799, where buyers may step in.
3. Entry Strategy:
To capitalize on this movement, traders should identify a Local Trading Range (LTR) on the lower timeframes to refine entry points. This approach helps minimize stop loss levels while optimizing risk-reward.
Another entry opportunity may present itself during a Last Point of Supply (LPSY) event, should the price exhibit a bearish rejection at a resistance level.
4. Risk Management:
As with all trades, position sizing and margin management are critical. Carefully monitor price action, especially in the identified trading ranges, to avoid excessive drawdowns.
5. Profit Target and Stop Loss:
Profit Target: Around 4799, aligning with the identified support level.
Stop Loss: Placed just above the recent highest UT zone (5093) or the new resistance formed within the LTR, depending on your entry point.
Disclaimer:
This analysis represents a personal trading idea based on the Wyckoff methodology and is shared for educational purposes only. It is not a guarantee of future performance, and trading always involves risk. Please perform your own research and consult a financial professional before making any trading decisions. Always trade responsibly and within your risk tolerance.
DYM - A Whole Different Dimension...Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
I find the DYM daily chart to be intriguing as it appears to be following the famous Wyckoff Cycle.
I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example.
1️⃣ MarkDown
After being listed, DYM was bearish making lower highs and lower lows.
2️⃣ Accumulation
DYM is currently trading within a big range between $1 and $2.4 in the shape of symmetrical triangle.
3️⃣ MarkUp
For the MarkUp phase to start, a break above the upper bound of the range at $2.4 is needed.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
Does SOLANA will break ATH within the current November?!!Solana has broken a very strong resistance that not visit before since November 2021 , this is an strong sign along with high volume and ease of movement.
All time high has marked yellow , and if able to cross it and staying above , we may be able to see the marked targets.
KERJAYA CONT MARK UPTypical Rising bottom Re-Accumulation
type #2 Re-Accumulation Schematic , as previously introduced by Late Prof Hank
Noticed supply since 21/10, getting absorbed
**Red Arrow
I like to initiate position around BUEC area, bcoz thats where momentum usually the highest.
Thus position initiated as attached.
Tight SL
PureWyckoff