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Wycoff

Bitcoin Distribution or Reaccumulations all detail on chart i think its clear to people who know wycoff but still its not clear if its distribution or reaccumulation so we should keep an eye on it and DONT TRADE NOW ANYTHING trust me we are in phase B now and its very painful because when good stuff come u will be exhausted WE might see an UT also so i put 21250 as a range for that and again its very dangerous now THIS IS NOT AN ADVISE TO TRADE U TAKE ALL RISK ALONE THIS ONLY FOR STUDY PURPOSE
by jack211
Hold your horses,do not Long or Short so quicklySo I was very much spot on for my last prediction and it makes me quiet happy. Now just like I said in the last prediction, I doubt its abilities to make a strong break out, although it could. At this price position, the trend could continue after hitting 1.144 or even 1.147 but it could also hit an resistance and quickly falls back down. The point is, one can never be 100% sure the movement of the stock. So,Do not trade. What we need to remember is we are trend traders, we do not predict trend but we follow the trend. Only trade when you spot a safe reliable trend that makes you confident enough to profit on. As the moment we are speaking, it's not the top of the mountain but we must be careful because I think there isn’t much to profit on. So I suggest you to hold your horses, Do Not Long or Short at this position. First we must learn to survive in the market, protect our capital, protect our gains and prevent any unnecessary losses, and then at last we strike hard and gain profit when time is best. If you agree with me and like my ideas please follow me and suB me! thank you for your reading and have a wonderful rest your day!
by AmeTheTrader
1
BTC Playing the Wycoff DistributionLet me start off by linking a textbook example of Wycoff Distribution. Understand the phases and then move on to this Bitcoin chart. Dropbox Screenshot: www.dropbox.com Article: tradingcoach.co.in WYCOFF DISTRIBUTION The phases of distribution follow a rhythmic pattern. After a major dump, smart money will accumulate a cheap asset, which causes a Buying Climax. Eventually smart money tries to liquidate their positions after the nice rally caused by their longs. This establishes the first resistance: Preliminary Resistance (Resistance 1 @ $10050). Due to smart money cashing out on their longs, the market follows their lead and dumps as well in what is known as an "Automatic Selloff." This establishes the first major support: Support 1 @ $8650. In this specific Bitcoin chart, there was a Secondary Test (ST) after the Automatic Selloff before the Upthrust (UT). Multiple ST's are common are smart money trades the range between Support 1 & Resistance 1. Each subsequent test of resistance tests the power of the bears. As you all know, once you sell you've sold. The sellers will eventually run out, and the buying pressure will eventually crack through Resistance 1. This is known as the Upthrust (UT) . Though sellers were shaken out at Resistance 1, there are plenty more at Resistance 2 @ $10450, so this upward momentum is halted by intense selling pressure. This is often a shakeout for retail investors who think Bitcoin will go to the moon from here on out. Once the bears regain control at Resistance 2, and the price crashes, the market sentiment becomes bearish. At this point multiple tests of resistance have occurred and many buyers have bought and been wrong because of intense selling pressure. The market sees the resistance as an impenetrable ceiling, which creates longer term selling pressure; this reveals itself in the form of LOWER HIGHS . I highlight this because this is likely the strongest evidence for Bitcoin being in distribution versus re-accumulation at this point. Volume and price are making lower highs, which is a significant indication of weakness. Eventually the bulls lose faith in their Bitcoin Moon wetdream and stop buying; at which point the bears regain control and dump like the day after Thanksgiving. The price tears through Support 1 where the Buying Climax occurred, and even through Support 2 @ $8150 where the Automatic Selloff found support. This is (obviously) a Sign of Weakness (SOW) and Bitcoin retests the lowest support from the range as resistance . WHAT TO WATCH 1. I am expecting Bitcoin to test Support 1 @ $8650 as resistance by roughly July 23rd, 2020 2. From there I will enter a short to Support 2 @ $8150 at least. 3. If Bitcoin follows a perfect Wycoff Distribution, then it will break below $8150 and dump to the next major support 4. The next major support, indicated by liquidity and price reversals, resides around $6600-6700. I will see you all at the bottom. Cheers.
BITSTAMP:BTCUSDShort
by Riester
BTCUSD - final correction move before new growHi, friends. BTC correction is coming for the end. Yesterday we saw big stoppage volume + price rejection in the form of big tails, it's a first sign of stopping the current trend (we have bear trend intraday) and going to the balance structure. Possible future balance range will be 8290-8900 or 8540-8900. As usual after first stoppage volume the price make 1-2 extremum update to finally knock out early buyers and execute sellers who are standing on breakdown. So with a high probability the price can make a false breakdown of 8290, also it's a daily support level. But there may be such an option that the price goes into balance right now and does not go lower. In this case we will be waiting for signal inside the balance at lower timeframes or go long after breakout 8900. So we have 3 areas for opening long - 8290 after false breakdown - 8900 after true breakout - now at lower timeframes Long should be only with confirmation in the form of bull activity and bear weakness. Risk Disclaimer: Futures , stocks, crypto and options trading involves substantial risk of loss and is not suitable for every investor. Any content from mooncatcher should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Past results are no indication of future performance. Mooncatcher is not responsible for any losses incurred as a result of using any of our trading strategies.
Long
by mooncatcherpro
3/5 Looking for Strong Possible SellSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction 2/5 Projected Entry for Buy EP 1.88798 SL 1.88298 TP1 1.89453 TP2 1.90070 TP3 1.92625 TP4 1.95088 3/5 Projected Entry for Sell EP 1.87582 SL 1.88083 TP1 1.87102 TP2 1.86625 TP3 1.86089 TP4 1.85523 TP5 1.81553 (woahhhhh) I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa