After a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model: 1. Preliminary Support (PS) established 2. Selling Climax (SC) achieved 3. Automatic Rally (AR) occurred 4. Secondary Tests (ST) occurred 5. Price broke key resistance level (Sign Of Strength / "crossed the creek" 6. Price Backed Up ("walk back to...
#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note: 1. Whales are increasing buying of the token You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire...
Here I'm sharing the next direction of EURUSD. you can take your own confirmation for entries. Thank me Later!
Wyckoff’s Schematics The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are...
o Last week I thought price would go down and fill the imbalance left but boy was I wrong. Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go: We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle...
I am expecting continous bullish action next week and maybe market reversal at 1.19610. The price is likely to spring on JULY 14 as we have high impact news. The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
To the people that follow i might do request on TA for any pair side note no meme coins please but i might still do it. Get them Sats.
Even if may turn to bearish these days, we should't missing the chance that market doing effords. Long to the previous AR area. Holding period is about 3 days. Stoploss below trend line
Esperando al efecto del pullback para mantener una posicion larga
UPDATE: Latest reaction suggest acceleration and prices above $60 Pattern confirmation: Rally into short term overbought above $60 Pattern failure: close below $53.50
Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and...