Gold is currently inside a daily/4h bear channel correction to lower 1800 weekly/monthly demand levels. Overall trend for gold is still bullish on the weekly/monthly, so a buy in the 1800s is a very good opportunity, which would mean forming a Wyckoff Phase C LPS for a potential rally to 2000 by December or next year. Failing 1800s or holding 2000 level would...
Update on XRP - bearish move after the FOMC paused rate hikes. personally i think this is just a shakeout and will be the LPS ( last point of support before a bullish breakout ) Waiting on a bottoming stucture my best guess would be this A,B,C correction then a strong reversal to the upside!
FOMC paused rates, and created a bearish move! anticipated a pull back from this level, I was leaning towards another rate hike just to cause this potential shakeout. bullish on BTC once we find a bottom.
It's definitely not a trade idea. It's a hypothesis. I want to understand something for the long term (5 years or more). That is why I am publishing such an idea.
LUNAUSDT Wyckoff Price Cycle, showing accumulation area and distribution area.
After long period of accumulation, plug price action potentially created the test (phase C). if so, price action should go up to resistance cluster to test the supply exhaustion.
If Baba found the bottom during the past 2 months, then the past week is test to the process (C). See the suggested price movement from here.
Maybe we test the 200 EMA around 49k or maybe we hold at 60k and spring? I'm neutral today.
Well! 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
BTC could proly be headed for the spring then head up. Upon confirmation, this trade could a nice risk to reward ratio
Looking at the m1, it appears to be a text book Wycoff set up. I don't usually look for this set up, but it looks like it fits the bill. Let's see if we run for the equal highs.
Keep it simple and zoom out to identify where weekly/monthly liquidity zones exist and where buyers step in to push prices higher. So far things are looking good from a higher timeframe perspective. Obviously we'll need to close above this weekly neckline in order to validate a measured move higher into the $70K region. If price can take out bears SL slightly...
It looks like we're getting close to Phase E! One more jump up, then a small pullback, then blast off?!?!?!
There is a chance for Audcad for big long... As it's looking like Wyckoff accumulation 1...
Gold can some times be a pain in the ass but a good pair once it goes your way. It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens. Longterm we are bearish but sellers in the markert must be reduced. I hope this gets out to as many people as...
It is too early to pre-empt whether xlm is truly in an accumulation. That not withstanding, I have identified a zone were price may react from if it happens to be an accumulation. Hopefuly we will see the ST(b) form. This is of course if we experience btc bearishness soon as all crypto bends their knees to BTC. Happy trading
Recently btc dropped violently, A move that caught many by surprise. As expected, that was a major sign of weakness for a larger distribution. Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action. This position would...
Having targeted previous highs, gold managed to scoop up the buy side liquidity. Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down. With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down Without a doubt price could go below the double bottoms but we...