Nothing changed with this one, same range as in the previous post, backtested the range EQ and now headed to range lows. Looking to buy at around range lows, but maybe only after it has swept the previous lows and reclaimed the range. Coffee isn't alone in this dump, it's all of the commodities at the same time.
Wisdomtree COFFEE OD7B failed to get back out of the white range pictured here. Now it's headed back to range EQ @ 0.674. If that fails as support, it's headed to range lows or even new lows after that because of the massive swing failure above the white range (the green boxes). If that happens I would only enter back in if it reclaimed the white range lows.
Quick trade idea on Wisdomtree COFFEE $OD7B
Just some ideas on sweeping some previous lows for liquidity & backtesting previous range equilibrium levels before more upside
Fractal idea that fits with the hypothesis of hunting the liquidity above the equal highs
Possible reversal. Shorts below the red range fueling the rally to red range highs (and above?)
BTC Cycles as per Trend-based Fibonacci Time Played around with Tradingview's Trend-based Fibonacci Time charting tool. Noticed that Bitcoin halvings took place at approximately 0.5 fib trend-based time fibonacci calculated between each cycle's bottom and top . Kinda interesting. Also noted that each market top and following market bottom took place between...
ALT/BTC chart: 1) DUMP 2) 200 WEEKLY MA TEST + RETEST 3) ALTSEASON Other comments in chart.
Interesting "what if" scenario: How many Bitcoins would the Altcoin market be worth? Altcoin marketcap calculated in BTC would possibly be headed to 200 weekly MA. The ABC correction from the top fits this analysis as well. Essentially a final flush for every single sh*tcoin there is on the market. Also a possible H&S in the grand scheme but we'll see...
Published for archive reasons, we'll see
Published for future clout and bragging rights *BEARS INTERNALLY* Low 2000s for starters, then maybe 1.5-1.6k, let's find out...
Elliot Wave meme applied to BTC/USD, we'll see, just experimenting here
My point here is that: ... IF the 3100 USD was THE BOTTOM, the price action inside the derived OTE range (calculated/drawn from ATH-to-3100) does not seem to play out nicely inside the range compared to the situation where... ... IF THE BOTTOM was to be around 2000 USD, the price action would fit and play out nicely inside the OTE range above. Major...
$SPX Wyckoff distribution on smaller timeframes and all this inside a rising wedge + support/resistance flip in the bigger picture. Short eeeeeet....
Bitcoin/USD with TD Sequential with TD9 levels shown in stepline (green & red) + fractal from those steplines fitted to the long-term rising wedge Short term bear, long bull.