BTC MASSIVE REACCUMULATION
Has it occurred to anyone that it is rather unsettling for bitcoin to peek at this time of the year. Normally it happens in december towards January.
It was hard for me to fathom how they would leave all that liquidity below. I might have solved this mind boggling puzzle for my self.
I call the reaccumulation first
Wyckoffmethod
XAUUSD | Market outlook Gold prices are showing moderate growth during the morning session, returning to an uptrend after multidirectional dynamics the day before, which did not allow XAU/USD to consolidate at new local highs since August 6. The instrument was pressured yesterday by the massive growth of USD across the entire spectrum of the market in response to increased alarming sentiment regarding the new strain of coronavirus. The strengthening of USD was not prevented by the weak macroeconomic statistics from the USA on the dynamics of retail sales, which only contributed to the risk-aversion of investors. Additional pressure on gold quotes was exerted by a decrease in the yield of 10-year US Treasury bonds, which renewed their two-week lows the day before.
READY TO SHORT SILVERSilver might see a sell in coming weeks after price breaking the 24 usd recent lower low. This may signify a break of market structure forming what would be supposedly be a major sign of weakness. It would be quite nice if we see a retracement to the upside until 27.750 level before going down. Once that level holds we can be sure of an impulsive down trend
XAUUSD | Technical Analysis Gold prices are consolidating during the Asian session on Thursday after strong growth the day before, due to the emergence of an ambiguous report on inflation in the US, which, although it reflected the increase in prices, also indicated a decrease in their growth rates, which may give the US Fed additional time to choose a vector for monetary policy. However, such insignificant fluctuations in the dynamics of inflation are unlikely to have an impact on the decision of the American regulator. Many members of the Federal Open Market Committee are in favor of tightening monetary policy, and so far only reducing the quantitative easing program is in question. Obviously, interest rates will remain low for a long time to come.
AAPL Wyckoff MethodAs Wyckoff Method we should be in Phase C: The stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. We are near to Phase D. If this plays out the whole market should follow, barely we walk on a string.
distribution price cycleThe distribution phase is the third stage of the cycle and it is where the bears are attempting to regain
authority over the market
The price action on this chart at this stage is flat. One indication that the market is in the distribution
phase will be the sustained failure of price to create higher lows/bottoms on the chart.
The price action begins to create Lower tops which is a sign that the market is experiencing a sell off
When trading stocks during this phase the composite operators are selling the shares they own.
Smart Money Concepts Diagram With Wyckoff SchematicsThis is a Smart Money Concepts Diagram With Labeled Wyckoff Accumulation And Distribution Schematics.
These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity.
Wyckoff methods teach a bigger picture view of the markets and why they are moving, many times you will see smart money setups inside of bigger picture Wyckoff schematics that form certain parts of the schematic itself.
I hope you find this to be a useful reference diagram for Smart Money trade setups 😁
If you have any questions please comment below and I can make updates to the F.A.Q.
EURUSD | Market outlook EUR shows mixed trading dynamics against USD during the Asian session, consolidating after a strong decline last Friday, which was due to the publication of a strong report on the US labor market for July. EUR continues to trade near the local lows since April 5, waiting for new drivers to appear on the market. However, today there will be few interesting macroeconomic statistics from the US and Europe, and therefore the "bearish" trend can be further developed. Anyway, the data released in the United States reflected an increase in Nonfarm Payrolls in July by 943K after an increase of 938K in June. Analysts predicted a decrease to 870K. The Unemployment Rate in July fell sharply from 5.9% to 5.4%, while investors had expected a decline to only 5.7%.
XAUUSD STILL BEARISH ON HTFThe HTF is very Bearsih while the LTF is Bullish and on its Range is at Discount Level of which the next logical target is above 1840 as they are relative equal highs and an imbalance that was never filled an also posssible mitigation of the OB that sponsored the big move around 1870 zone......
BTC Update - It was An Accumulation all along, SOSMy mistake was not noticing the glitches in the futures,
I’ll be honest, it’s not the strongst Accumulation I’ve ever seen, and also it was a tricky range, I thought it was a distribution until the very end, but noticing the strong bull movement in the end made me to check again the chart and see the change of character in the end.
Gold prices under pressure | Market outlookGold prices show a rather active decline during the Asian session, developing a "bearish" signal formed the day before, when the instrument was pressured by the growth of US Treasury bond yields and expectations of a tougher position of the US Federal Reserve on the reduction of existing stimuli. At the same time, gold ignored the fact of the decline in USD, which is awaiting the publication of Friday's labor market report for July. Among other things, analysts expect an increase in new jobs in the non-agricultural sector by 870K after an increase of 850K in June. The unemployment rate in the country may fall from 5.9% to 5.7%, which may be a signal for the regulator to start reducing the existing incentives.
BTCUSD Downside Correction Under development? | Market outlookThe positive momentum was fueled by reports that Internet giant Amazon.com Inc. by the end of the year, may start accepting several cryptocurrency tokens (BTC, ETH, ADA, and BCH) to pay for goods. This information led to the liquidation of $111M short positions, which occurred within just 10 minutes. Later, employees of Amazon.com Inc. stated that the company does not have specific plans for cryptocurrencies, but they could no longer influence the growth of the digital asset market.
The instrument met the current week with a pullback. Some investors are fixing profits after a seven-day growth, also, the price is negatively affected by reports of the US Department of Justice's inspection of Tether's activities for possible banking fraud. According to the results of the audit, the organization may be subject to legal action, which will negatively affect the entire cryptocurrency sector since USD 62B worth of USDT tokens are in circulation.