Big picture... Always look at the big picture...
Overview: Spent a few hours studying recent BTC moves, trying to identify the "right lenses" to view the price action. Incredibly enough, I found a fantastic Wyckoff schematic, that matches: Wyckoff Phase, Price Action, and Volume. Nearly identical. Analysis: Here is the Wyckoff schematic, with matching phases, price action, and volume. I did not have the chance...
Weed market is consolidating in a similar fashion, across all companies. Some look stronger than others ,and have held their price quite well such as TCNFF. Others, like TGOD, could experience a solid reversal. Price is compressing near the apex. Looking solid for building positions. Catching up on quarterly reports, and spreading my sensimilla across this market.
Heiki Ashi shows indecision in the market. It must be made soon. Option spread would likely have good payout. Where do you think it will go?
"Please create liquidity so I can open more shorts" #markets
Personal note: Buy the 1d 100 MA. Accumulate with confidence. It's either a great entry, or an incredible entry. This only represents part of my strategy. DYOR.
If I were a guessing man. Not actually taking trade.
Atlassian looks to be distributing based on volume profile. Bollinger Band M top target is roughly $65. Targeting $70 with March 15 puts. Wyckoff Bollinger Club.
Looks like we're facing a distribution trading range. Double top I believe constitutes as a "Failed Rally" which would put us at Phase D. If this is the case, then I'm expecting a major SOW to develop. We might be Looking for my AZPN SSRD chart... to follow.
AZPN had an immense parabolic run up. The stock just finished breaking it's major support, and has now started distributing. Expecting downside from here. Love how earnings is coming right up. Bigger image, without indicators.
Company is heavily focused on CBD, and has a vertical integration where it's able to sell to the US and UK. ISOL has been buying up companies, building a lot of partnerships, and actually turning a profit. RSI is diverging quite a bit, volume is coming in quite nicely. Looks like a good buy and hold for me.
Volume profile looks very indicative of a re-accumulation cycle. Stock could have further downside, but everything is indicative that it wants to JAC and move up. Got calls on this bad boy for March 15th. Waiting eagerly for those magic green beans. In Wyckoff We Trust. Cmon let's JAC! www.youtube.com
Recently closed a contract with a US defense base New uptrend is looking promising. Thinly traded company Waiting for entry
Haven't read up on the company. Looks like a double bottom... but pharma is getting hit hard.... LABD looks super bullish
This looks ripe. OBV is moving hard to the upside. No volume on this last drop. Not long, but will try to tomorrow.... Doubt I'll be able to catch it.
I am starting to develop a framework for how I manage my portfolio. Here is a glimpse into the TA/FA view, and summaries I am preparing for each chart, to always know where I'm at, relative to a company I'm invested in, or any asset I might be speculating. Charts will be directly associated with a spreadsheet, where I'll organize my asset mix, sizing, and positioning.
Thought I'd share this. Been following for a while. Love the price structure and recent volume coming in. LOOOONG term bullish divergence on large time frames. Get in on it. Hopefully a retest of the falling wedge!!