Sell trade on GBPUSD -wyckoff distroa very detailed wyckoff distribution with entry + confirmation of bias on 1h TF. swing trade
Wyckoffdistribution
Drop IncomingOnce BTC breaks down below 16292-16562 it will get hit to the 12105-13155 level by Jan 2023 (see dates in chart)
If that doesn't hold it can get hit to around 9929 to complete the markdown from the distribution back at the end of 2021. There has been a minor distribution that formed over past few months and the activate markdown level was 18280.. it got hit to test the 1.618 around 15886.29, then bu/restest of that 18280 where it got rejected from last week. The explosive drop back down from that level was very bearish.
Back in 2018-2020 it had major re-accumulation which marked up above 13274 and 16292. There is a chance the 16292 acts as support here, however, it is more likely it falls to the confluence of 13274 and the upper target level from the recent distribution of 13155.
Mid-term it will likely begin a larger accumulation structure down here and then see a sign of strength w/ run to 29462-34507 in 2023. How it trades there will be important: if it shows resistance and begins to distribute then longer term downside target is 1000-2800 but I don't see that happening. Near term though more downside risk
DANGER FOR US30!!!!! BIG SELL OFF APPROACHING! RECESSIONOn this chart you can see major signs of a sell off if you are using the Wyckoff Distribution method. In fact if you pull up BTC in 2021 at its all time high you will see that the chart is IDENTICAL. Listed are the descending lines of supply and the final Buy up line that will complete the rest of the demand the market has to offer. With confluence of the Fed meeting next week, we also see a huge volume divergence where the price has marked up drastically but there has been a mojor decline in volume; this indicates that there are fewer buyers jumping into calls at higher prices (in other words retail traders). Look for US30 to drop well to the previous local bottom and maybe even to pandemic lows.
Litecoin: Potential Wyckoff Distribution RangeHere's a schematic I drew out replete with some volume spread reads which seem to indicate LTC may be fixing to distribute. If we rally above TRR we must take caution to ensure we are not buying into a liquidity grab before the LPSY dump. If you chose to swing this, the lower retracement levels are ideal profit-taking/selling opportunities; for longer-term hodlers they can serve as reliable DCA junctures.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR & trade at your own risk.
Classic BTC Wyckoff Distribution RangeBTC has formed a classic Wyckoff distribution range, and if my hunch is correct, we are currently trending in the final LPSY (last point of supply). This is where retail traders hoping for a moonshot rush into positions only to get smashed by a battery of short positions put in place by Smart Money. We've already seen this happening, with the rally to 17.5 a few days ago, only to retrace back to the 16.8 zone on increased supply. I've been swing trading and analyzing cryptocurrencies for a long time. These Wyckoff schematics are wickedly accurate and rarely deviate off the beaten path, because, ultimately, human beings are controlled by fear and greed in the markets, and until these twin motivating factors are dealt with, price action will create these predictable waves.
If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
BTC: Dreaming of a Red ChristmasBTC doesn't look healthy at all, from a bull perspective. For a bear though, it's looking robust and full of life! Watch out for the ascending wedge we are currently in. Exit liquidity looms around 17.5 to 18K USD. Do be careful if you're tempted to go long this holiday season; your Merry Christmas could turn into a Beary Crashmas literally overnight. Please remember to take profit or exit the trade if the PA breaks north from the wedge and enters the LV mitigation territory. You can thank me later.
If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
BTC VSA/Wyckoff Audio Analysis. Beware of Bull Traps!VSA/Wyckoff analysis for BTC 12/3/22 in audio formate. Still decidedly bearish. Beware of UTADs (bull traps).
TSLA Re-Accumulation or Distribution?Re-Accumulation or Final Phase of Distribution with *UT - Failure to close above 200? We will find out soon.
I am still Bearish but this will be interesting...
DXY can pull up next week this fall descending wedge pattern can break to the upside. looks like a Distributuion schematic
Wyckoff Accumulation in XPEVPreliminary Support (PS)
The first significant rally that occurs after a prolonged decline that indicates budding demand showing up. It is usually associated with a minor panic preceding that rally.
Selling Climax (SC)
A major panic that occurs at the end of a steep decline in prices. In its classical form it is typified by large range reversal in prices accompanied by large volume.
Automatic Rally (AR)
The rally that occurs after a Selling Climax. It occurs without previous preparation, hence the word “automatic.” The top of an AR usually marks the beginning of the coming creek.
Secondary Test (ST)
A name given by Wyckoff to the reaction following Automatic Rally, (or rally following the Automatic reaction.) If that test is associated with small range and light volume—it increases the likelihood that the previous trend is over.
Spring
A form of a test of a trading range. Characterized by pushing prices below support by the CM in order to check the status of supply. The market’s response to the spring indicates the nature of supply and demand forces for the near future.
Wyckoff Distribution Short PotentialAny sign of new weakness in the price resulting in candle closure below support lines created by the AR and SOW lines should validate this analysis and bring price further down. There was very low volume on the UT(Upthrust) to 16800 so Effort < Result
Distribution at the 0.618 retracement Initial near term target is 385, point 381, lower target is 374
Could bounce from support in that target zone but if breaks below then likely will see a double bottom around 350, worst case more capitulation toward 300-318. Bigger picture its still trying to complete wave IV and begin wave 5 (which will result in new all time high in 2023). But we're not there yet
Is the distribution pattern on JBH now complete? (JBH:ASX)* Initial peak at the end of 2021
* Sharp retrace (automatic reaction) followed by quick rally into the secondary test
* Sharp fall again on most bearish volume in that period
* Long phase B of about 12 months
* Down moves so much quicker than the up moves
* Distribution occurring through this period
* Ultimate high in April 2022 forming an upthrust after distribution
* Very weak retest to complete Phase C
* Rapid decline in price from $57 to $37 approx in Phase D sell off
* One last rally to $47 approx
* Back up to the creek and upthrust to complete Phase D
* We should now start the Phase E mark down.
* P&F target is $10, conservative target $21
* This is my analysis of the stock. DYOR before making trades.
$BTC Wyckoff Markup 15m - Midweek DistributionHi guys,
So bullish news on Bitcoin, which means we should all buy now, right? Bitcoin is pumping and now we're getting on our rocket ships to mars.
Not so fast.
Rishi Sunak has become the Prime Minister of the UK, and it is said that he is a fan of Bitcoin and used to be an institutional trader, which is very good news in regards to the British economy and the British pound. I recently got out of my large short 'position' on the pound after a year of keeping all of my savings in USD even though my home currency is GBP because I saw a devaluation of the pound coming.
Back to Bitcoin; as I have been saying for weeks, I am seeing a relief rally up to $28-32k and we have now broken out with this good news. But now is not the time to go long.
Over the last couple of days we have been seeing a wyckoff markup pattern as shown below:
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Which can also be seen as an Elliott Wave 5-wave structure.
This is how prices react to good news.
Now, what I am seeing is a midweek distribution, which is quite common in weekly market patterns, before a dump towards the demand zone, shown in red at the bottom of the chart.
images.prismic.io
Cheers for reading and let me know what you think,
Tchau
EURAUD WYCKOFFThis is for Long Term
And this is risky too.
Wait for forming UT and UTAD .
Wait for BOS UT by UTAD.
Enter form the Broken support Area.
Please DYOR before entering the trade.
NZDJPY R:R 1:17The structure is broken
Wait for price to reach LPSY zone then Enter
Before entering the trade DYOR
NZDJPY Sell SetupWait for BOS
This is for short term
And this is risky too.
Please DYOR before entering the trade.
Ethereum Supply PredominatesSupply is predominating in the current trading range for ETH, which denotes a potential redistribution range. And not only predominating but emerging at key junctures where demand should show its cards if a markup were on the books.: areas like TRR (range resistance) and TRM (midpoint 0.5%). It's not clear how deep the distribution can range, but things are (for now at least) looking a bit bearish. Favorable for DCA investors and short speculators.
*Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us!
**Not financial advice. Always DYOR and trade at your own risk.
ETHBTC Wyckoff TopI believe this is a macro top on ETH-BTC and that we are going to break down very soon. In addition, all of the poocoin bag holders are complacent. Ready to get rekt as bitcoin sucks in all the liquidity. Bitcoin pumps and alts lag from here.
Wyckoff Distribution (Weekly)XAUUSD in the last phase of distribution (Phase E) and at a Demand zone get get ready shorts may come soon
USDCAD: is a Wyckoff distribution schematic on?Hi Traders,
This is my view for this week on USDCAD:
I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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Wyckoff Distribution - Phase E Capitulation Complete?The topping phase of BTC during the 2020 / 2021 bull run is A Typical of Wyckoff Distribution characteristics (see below link for more information).
Wyckoff Distribution: school.stockcharts.com
Following this price fractal suggests we are firmly in Phase E. The only question that is remaining is are we in our last consolidation / bear rally before one last capitulation dump as we saw in climatic fashion with both the 2014 and 2018 bear markets, OR have we already reached out cycle bottom accumulation range...
