We are probably in an accumulation. That's my vision, I have another idea in which the "SPRING" could be done during the NY open for the long continuation. Let's see
I'm searching for a distribution on $DJ30. That's not a distribution at 100% but that's very likely, especially in that case because Buying Climax usually forms during the evening, lateralization during Asian session, Up Thrust in London open and the UTAD in NY open. Maybe the UTAD could be done during the London session and the test in NY session.
In the short term I'm searching for a short trade in order to trade long for the long term. Let's see.
$1960/1965 can sweep a lot of liquidity. It could be the "spring" as wyckoff would have called it. Let's see how it goes on.
We're in a short term distribution. I don't know the targets, but I'm gonna search some setups. This one could be my entry.
BITSTAMP:BTCUSD probably has already touched his bottom. When people say "BTC is dead" is when the price touches his bottom. The indicator I used is called "Weis Waves" and it shows the market partecipation (red when people sell, green when people buy) and we can see how the price unfollows the retail operators.
That's an update of the previous idea (still compliant).
We're in a HTF distribution. According with Weis Waves, I guessed market'll sweep the liquidity signed with an UTAD (as wyckoff would have called) and the short continuation (short term vision).
After distributing about the area signed, the price will probably collapse
USDCAD gonna probably short during this week. Let's see if the price'll push up in the zone signed in the lower prices in red or continue shorting. At the moment I'm waiting for a setup in order to short.