This is an expansion on my previous Wyckoff distributional schematic. On this chart I've highlighted the regression trend, starting at the top of the UTAD and following the waves down to the second LPSY re-distributional consolidation. At the top of the macro trend are overbought areas where the MMs are dropping supply to strangle the army of weak-handed retail...
BTC has formed a classic Wyckoff distribution range, and if my hunch is correct, we are currently trending in the final LPSY (last point of supply). This is where retail traders hoping for a moonshot rush into positions only to get smashed by a battery of short positions put in place by Smart Money. We've already seen this happening, with the rally to 17.5 a few...
BTC doesn't look healthy at all, from a bull perspective. For a bear though, it's looking robust and full of life! Watch out for the ascending wedge we are currently in. Exit liquidity looms around 17.5 to 18K USD. Do be careful if you're tempted to go long this holiday season; your Merry Christmas could turn into a Beary Crashmas literally overnight. Please...
A bearish ascending wedge has emerged in ETH, reaching back up to the already-mitigated liquidity void hovering between 1300-1350K. Look for a decisive retracement in price if this void is touched again, as this is the sell order block MMs are dropping their supply at profit. The underlying Fibonacci retracement zones can either be used for shorts for bear...
VSA/Wyckoff analysis for BTC 12/3/22 in audio formate. Still decidedly bearish. Beware of UTADs (bull traps).
YFII possibly reaccumulating & re-testing range resistance. If it manages to flip the support, count on gains reaching at least to the 1.618% Fibonacci extension as it puts another leg up. From the present zone, this amounts to roughly a 14% gain. Keep in mind the 1.618% extension is conservative; it may well go higher. Be sure to subscribe for more clean,...
Here's a recent one I shared with my group. Volume-Spread readings point to a possible re-accumulation range for Muse Dao. To capitalize on the potential markup, I designate limit sells on all three of the Fibonacci extension levels. I will not go over the 1.618% zone, as this marks the mitigation area of a major sell order block and where the asset is deemed...
Here's a breakdown of Ribbon Finance (RBN) volume-spread analysis. All signs are pointing north. Let's see if it can keep the momentum and take us up to the golden Fibonacci profit target. I set limit sells at the .272 and .618 junctures and don't risk holding past the bear orderblocks hovering above those points, especially above the 1.618% which closes out...
Here's a quick Wyckoff biopsy of HBAR with some VSA reads. Things do seem bearish, we'll have to watch the price action closely to make sure it's not making a break for the upper liquidity voids. If it does, those gains will most likely be temporary as the MMs seek to liquidate supply on retail investors and drive the asset back down to the retracement zones for...
SOL is currently trending in what looks like Wyckoff re-distribution range, after marking down from a brief top and on the path of reconciling the lower macro liquidity void found at the 2% Fibonacci (11 USD) level. These retracement levels can be used as reliable DCA points if Solana's rebirth is something you have faith in. If you have strong hands, patience,...
Got news for you: GOLEM NETWORK's not the only token trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean,...
Got news for you: AERGO's not the only token trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is on the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean, accurate,...
Got news for you: DIA's not the only token trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is low on the upthrusts. Blood is on the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean, accurate, easy-to-follow...
For investors in JASMY, DCA retracement levels are shown below in pink. These are the areas I will buy incrementally when the price action pulls back. Above the trading range are 3 LVs in the event of a liquidity run. It is recommended to take profit at these junctures as they mark sell order blocks where the MMs are most likely to distribute supply. Be sure...
Saint Kitts and Nevis may be adapting BTC as legal tender in 2023, but that won't prevent the asset from retracing first, which works to the advantage of the savvy crypto investor. I see BCH reaching possibly beyond the 2.618% Fibonacci retracement level in the short term as the markets reset during this bear winter. We may markup, but any markups above TRR most...
MATIC back down at range support with re-emerging supply volume is a good indicator of further pullbacks. If it revitalizes and heads back up to TRM (range midpoint), beware of jumping back into another bull trap. Money can be made riding traps, but you better know when to get out. Let the supper supply block be a guidepost. Otherwise, count on more retracements,...
Doge has been showing signs of weakness for some time now, evidenced by a recent break to the downside from a bear symmetrical. Above it looms three supply order blocks; beneath it is a freefall past the 1.272 Fibonacci all the way to the .058 area and throughout it all supply has been the dominant power. Be safe in these markets, be vigilant! **Like making...
Solana still not looking too hot, and understandably so. Imagine picking up some SOL for under ten bucks. Beware of impending bull traps if you're tempted to buy at this pre-drop level. I think a redistribution is coming as supply volume for this trading range still predominates. If SOL is your thing, and you have faith in the rebirth of this coin, it may be wise...