Wychoff Distribution In BitcoinNew to charting and T/A but I couldn't help but notice this pattern. Does anyone else see this? What am I missing? If this pattern is correct, we could see a bounce around here followed by a significant decline.
Wyckoffdistribution
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.
Wyckoff DistributionIn my opinion this would fit to the volume profile and to the market sentiment as well to the time. This does not offer me an entry.. but it may can protect people from losing money ;)
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
GOLD short @ LPSY ( 1862).. 17/Nov/21.Short Gold at 1) LPSY ( Last Point of Supply ) Zone AND 2) Volume Profile ( POC) near 1862 .After Price re bounce near SOW ( Sign of Weakness ) Support. Stop Lost at 1876.95 ( Plus your broker spread )
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
second Wyckoff distribution making another top?Looks like we are following another distribution pattern.
This would be invalidated by a break of 71K.
Otherwise wait for the next test of 67K to 2 "sell the top"
Wyckoff distribution was played. bull run end?Basically taproot date was the LPSY. I do hope this is just a spring
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
EURAUD RE-DISTRIBUTIONWell! well! WellLook at what we have here EA has a offerred an amazing text book re-distribution pattern that I am very much in love with.
This is basically Free money loading.
Happy charting, Have a blessed week y'all
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!
NZDCHF - NEXT TRADE LEVELSThese are the expected price moves of NZDCHF, you can enter this with your own confirmation!, you can try to catch this for both side trades
Put your comments!
AUDCHF FOR THE SELLRedistribution for the continuation play to the downside. Found a institutional candle that needs mitigation within the LPSY that formed during NY Session which holds significance from my recent backtesting. Found a few full volume candles at my POI on different timeframes which shows correlation and confluence. Measured the 50% & 80% as these two percentages are levels where market likes to react from based on backtesting. Have set sell limit at 80% of the 5M candle and SL just above the high of the particular candle of 3.5 pips.
Bitcoin Wyckoff Distribution (Round 2)Using the percentage measured moves from Wyckoff Round 1, looks like the targets would be $70,800 and $50,400.
USDJPY - TRADE FORECASTHere I'm sharing the next move of USDJPY in upcoming weeks. Take advantage of it with your own entry and exit rules. Thank you.
BTC Blow Off Top?Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks like we might have had the buying climax for Bitcoin and are moving to stage two of the Wyckoff Distribution which is the upthrust. Now there is ofc no guarantee in any of this but I thought it would be nice to share to keep in mind.
EURUSD - Short Term OutlookHere I'm sharing the next direction of EURUSD. you can take your own confirmation for entries.
Thank me Later!
Gold Wyckoff Distribution, 5min, 15minI noticed earlier today the first signs of a Wyckoff distribution pattern being filled, and was later confirmed by strong Sign of Weakness below the days Lower Low.
A series of Last points of Supply following the Upthrust and we were set to complete phase C and D. We are now expecting gold to continue its slope to range in lower levels.
1760 is to looking increasingly expected sometime this week.
This is a view at a weekly and daily Sup & Res on the BTC / USDTThis is a big zoom out on the BTC / USDT price.
This chart has weekly and daily support & resistance trend line.
That should indicate what can happen to end of year.
There is a horizontale weekly and daily support & resistance line chart up to current ATH.
1) Thing to keep in mind BTC is currently running on a 7 day cycle and a 00:00 to 01:00 UTC trend sinds early bear cycle of this year -----> Trend change on cycle
This means that you can simply trade base on the closed candel form 00:00 to 01:00 UTC
2) Wyckoff patterns
3) Volume across exchanges
4) Liquidations events
5) RSI's, (Expomential) moving averages and MACD
( 5D 10D 21D 50D 200D )
6) New trend data "on" and "of Chain"
7) World News (TV, Twitter ect.)
8) Dominance, Market Cap ------> ( BTC, ETH, TOTAL, TOTAL2, TOTALDEFI and high cap markets )
9) pairs to watch:
USDT.D **
BTC/USDT ** ** to watch closely
ETH/USDT **
EHT/BTC **
EUR/USDT
SOL/USDT **
ADA/USDT **
BNB/USDT
FTT/USDT
FTM/USDT
***/BTC (any BTC pairs)
Happy Trading
EURUSD - Forecast for Next weekHey guys, I am back after a huge ban, Here I am publishing the forecast for EURUSD. Let's take advantage of it next week. I will Publish the trade setup with Entry and Exit levels Monday!
