This could be a model 1 distribution, but its to early to tell. Right above us is an 1 min supply zone and the golden pocket. The push above the last week high invalidated a possible model 1 accumulation, but it would still make sense to come lower again since the weekly cycle low should come next week. There is also this major trendline which would freak everyone...
There is a potential gold distribution with a price target of at least the range low. A rejection from this supply zone could confirm a model 2 and another deviation of the highs (if no higher time frame candles close above the deviation limit) could confirm a model 1. The deviation should occur at approximately the same time interval, which would be Thursday of next week.
There are again signs of distribution, like the last 2 days. In my opinion it's way more likely to push up and take out all the liquidity, but we will see how it plays out.
There just got another distribution model created, right into the supply from yesterday. one of these demand zones need to hold for more upside.
After seeing a beautiful model 2 into my target zone, we now came into the 5min demand with some kind of accumulation. My next target if the demand holds is the liquidity above us and maybe even the supply at 104.000$.
If this plays out we would first sweep the extreme liquidity from last week and after that push up to take out all the weekend liquidity. Below the extreme liquidity is a 5min demand zone, which could be a good entry.
After spending half of the month below the monthly open, I think it's time to have some price action above 102,000, otherwise the candle would look kind of weird. It will be interesting to see how this matches up with my cycle count, as the next weekly and daily cycle low should occur in around 11 days.
We could be having a weekend distribution going into the start of the new week. We would either just take out the saturday high for a model 2 or we deviate above into the red box for a model 1. My target is the 5min demand zone from Wednesday.
We are building a model 1 while coming into the supply zone from last year, so i think this would be a good place to look for shorts.
After deviating over and over again i think it's possible that the model 1 can finally bring us to the range high, especially after taking out the extreme liquidity. I was wrong with this before, but now i think we have spend enough time.
I would love to see a PO3 as the last move before the weekly cycle low. That would be three great trades, but let's see what happens.
I'm looking for a good entry for TON that I can possibly hold until the ATH, I just need more confirmations.
After BTC finally confirmed its model 1 yesterday evening, the next technical price target is the range high, but I'm more focused on the supply zone above.
In my opinion, it is likely that we will complete this Model 1 first either by going straight down or by going into supply first and then going down. After that we should get into the supply form last Friday. Since we created a Model 1 on the larger time frame, we should also create a new ATH, but it doesn't match my cycle count, which says we should stay in this...
Because Render is not showing much strength i think its probable that it's just compressing and at some point takes out his range low and high, if it not starts pumping out of nowhere.
After deviating his range highs 2 times without being able to stay above, ACH has the risk to visit his bearmarket lows.
For an model 2 DOGE should come price and time wise into the orange box. If we come deeper for an model 1 watch out for the demand zone at 0.16$.
Potential wyckoff model 1. I'm waiting for another deviation of the high and a tap in the supply zone from december 18. I would enter a short with a BOS.