Etherium - Wyckoff Disitrubtion Schematic #2 Shortterm buying power is diminishing on etherium as well as volume. I'm looking at a short term reversal with a first stop at $4.5k.
This correlates with a wyckoff distribution i noticed on the 10 or 15min timeframe.
Confirmation can be found in a bearish divergence on the RSI aswel as volume decreasing while volatility increases in later parts of the schematic (phase B and C).
Wyckoffdistribution
The AMC squeeze is part of Composite Man's bigger narrativeAfter analyzing AMC from the beginning and in the news, I started to see patterns of news cycle driving a broader, retail-centric narrative. Here, I'm hypothesizing what the end-game might be for Composite Man, who has clearly spent years accumulating his position. When he begins to distribute, what would that look like?
I'm not indicating timing or price levels (though I did base things off of past fib levels), but rather the shape of that hypothetical future move.
It's quite natural for accumulation to lead to reaccumulation and, ultimately, to create a distribution period. That distribution becomes critical to the longer term growth of the stock -- just look at the Ford and McDonald's charts I've posted. This isn't a doomsday thesis, but I am looking for a change of pattern which would indicate a bigger pull back.
However, the shorts must cover -- this stock isn't going the way of Toys-R-Us -- so, we have quite a bit of upside before we turn the corner and begin distribution.
we got a BTC distribution Not going to elaborate much on this though there seems to be a distribution thats been going down at the top of this massive ascending channel starting back in the summer,
Winter is here boys and girls, I see a small little upside followed by the ending phase of this distribution and out of the ascending channel.
next support around 48k ish
That's all folks
Bitcoin Wyckoff December 2021 Prediction Sunday 11/28 (Bitcoin currently $54,270)
This analysis was inspired by the video "BITCOIN MEET WYCKOFF - URGENT VIDEO" by Market Makers. In his video he explained how Bitcoin could reach $42.9k. Please watch the video first for more context. At first I couldn't believe that could happen but after doing some analysis on my own I realized that he could be right. Below is my prediction of where the Bitcoin price could go within the next month or so.
Prediction: The Distribution from early February - mid May had Bitcoin test the .5 fib level ($46,775) before going slightly above the .786 fib level ($57,000). After that it dumped to the 0 fib level ($28,868). I could see Bitcoin doing something very similar. This is my prediction; Bitcoin could retest the .382 level ($52,853) then pump to just above the .786 fib level ($63,408). From there it'll drop to the 0 fib level ($42,893).
Analysis: $42,893 is the price target out of the ascending channel and $42,893 makes sense as the bottom when I tried to draw the fib retracement.
Bitcoin test demand zone 52k ? BTC Wyckoff distribution analysisHello there,
This is BTC analysis by Wyckoff method
After testing the trade range in LTF, BTC maybe in a distributed structure.
It could test demand zone around 52k.
This will be confirmed when we have SOW.
Here, there is a selling opportunity with the Quasimodo structure.
A short-term trade with low risk.
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Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
If you find the article useful and interesting, please leave a comment !
GOLD WYCKOFF THEORYGold Price Forecast: XAU/USD hangs near multi-week low, bears flirt with $1,800 mark
Gold struggled to preserve its modest intraday recovery gains from a near three-week low.
Hawkish Fed expectations, elevated US bond yields, stronger USD contributed to cap gains.
COVID-19 jitters could lend support to the safe-haven metal and help limit the downside.
Gold gained some positive traction during the first half of the trading action on Tuesday, albeit struggled to capitalize on the move. The XAU/USD has now surrendered a major part of its intraday gains and was last seen trading just above the $1,800 mark, around the lowest level in nearly three weeks touched in the previous day.
The recent US dollar rally got a strong boost on Monday after US President nominated Jerome Powell to serve as the Fed chairman for a second term. The fact that investors considered the other leading candidate, Lael Brainard, to be the more dovish of the two, the announcement reinforced bets for higher US interest rates. This, in turn, pushed the USD Index to a 16-month peak and prompted aggressive selling around the dollar-denominated gold.
Will Gold downward to 177x ? Unique gold idea with QML setup This post is analyzed according to the Quasimodo structure.
Gold was be distributed from top trade range.
XAUUSD is most likely bearish at the 4h timeframe.
There is a Quasimodo (QML abbreviated) structure if the price returns to 177x level.
Waiting for confirmation structure on lower time frame (LTF).
The QML is Quasimodo level. This is an strong reversal structure.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
Can we short USDJPY? Wyckoff analysis indepth, RR 12:1This post is analyzed according to the Wyckoff method and find the entry point according to the Quasimodo . structure
USDJPY is most likely distributing at the 4h frame.
There is a Quasimodo (QML abbreviated) structure after the price returns to the Trade Range.
Wait to sell at LPSY when there is confirmation structure on small time frame ( LTF ).
Reward - Risk Ratio, 12:1
The QML is the area from the left shoulder to the top of the Quasimodo setup.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
BTCUSDT wyckoff distributionFew months back we had a completed accumulation phase on BTC which led us to attaining new ATH. Since then BTC has been in a state of consolidation ... By wykoff BTC is presently in a distribution phase. As you can see the uptrust (UT) has been achieved. And BTC is presently in a demand zone which should be able to hold and pull price to creating new ATH , aiming a bit above the recent ATH to create the uptrust after distribution (UTAD). And from here. It's advisable to look for short positions as we might then have a Mark down. Taking all FOMO buyers as liquidity next line of action I would be looking at is 48k zone. A financial advice. ( Don't be part of the FOMO traders to avoid rekt)
NAS100 Short Position.Short The Market NAS100. Spring test, Market Will Probably Make 1-3 Tests of available Supply. So Stay within your position
BTC Bitcoin prior fractal playing out?I took the prior Wyckoff distribution fractal from March-May 2021 range and copied it to the current price. Could we see the price increase from this point before we start the Wyckoff distribution pattern again? It looks eerily similar.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
GOLD seem in Wyckoff's Distribution Stage.( Bull Trap).16/11/21GOLD's price seem like "Squeezing" @ :- 1) Major Down Trend line ( Yellow Dotted) 2) Supply Zone ( Red Rectangle Box ). PLUS + its price shown we're " in " Wyckoff's Distribution Stage" with VSA ( Volume Spread Analysis) ...Conclusion :- Price structure doesn't look good for Bull Run...Properly Maintain "bearish outlook" at around 1870
BTCUSD is getting ready for PullbackBTCUSD is looking to test 50K Levels in upcoming trading weeks. The particular level that I've mentioned where Bulls are waiting to hit BTCUSD again.
So, if anyone wants to book your profit, This is the time to close your trades, or better to sell who are holding BitCoin in your wallets.
Thank you!