AUDCHF FOR THE SELLRedistribution for the continuation play to the downside. Found a institutional candle that needs mitigation within the LPSY that formed during NY Session which holds significance from my recent backtesting. Found a few full volume candles at my POI on different timeframes which shows correlation and confluence. Measured the 50% & 80% as these two percentages are levels where market likes to react from based on backtesting. Have set sell limit at 80% of the 5M candle and SL just above the high of the particular candle of 3.5 pips.
Wyckoffdistribution
BTC Blow Off Top?Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks like we might have had the buying climax for Bitcoin and are moving to stage two of the Wyckoff Distribution which is the upthrust. Now there is ofc no guarantee in any of this but I thought it would be nice to share to keep in mind.
Gold Wyckoff Distribution, 5min, 15minI noticed earlier today the first signs of a Wyckoff distribution pattern being filled, and was later confirmed by strong Sign of Weakness below the days Lower Low.
A series of Last points of Supply following the Upthrust and we were set to complete phase C and D. We are now expecting gold to continue its slope to range in lower levels.
1760 is to looking increasingly expected sometime this week.
This is a view at a weekly and daily Sup & Res on the BTC / USDTThis is a big zoom out on the BTC / USDT price.
This chart has weekly and daily support & resistance trend line.
That should indicate what can happen to end of year.
There is a horizontale weekly and daily support & resistance line chart up to current ATH.
1) Thing to keep in mind BTC is currently running on a 7 day cycle and a 00:00 to 01:00 UTC trend sinds early bear cycle of this year -----> Trend change on cycle
This means that you can simply trade base on the closed candel form 00:00 to 01:00 UTC
2) Wyckoff patterns
3) Volume across exchanges
4) Liquidations events
5) RSI's, (Expomential) moving averages and MACD
( 5D 10D 21D 50D 200D )
6) New trend data "on" and "of Chain"
7) World News (TV, Twitter ect.)
8) Dominance, Market Cap ------> ( BTC, ETH, TOTAL, TOTAL2, TOTALDEFI and high cap markets )
9) pairs to watch:
USDT.D **
BTC/USDT ** ** to watch closely
ETH/USDT **
EHT/BTC **
EUR/USDT
SOL/USDT **
ADA/USDT **
BNB/USDT
FTT/USDT
FTM/USDT
***/BTC (any BTC pairs)
Happy Trading
Respected Structure and Possible Retracement📈 CHART ANALYSIS 📉
Yeehaw! What a beautiful 100 pips drop yesterday! 😍
We're expecting price to shoot up to our previous long term swing analysis on Daily,
but price decided to respect lower timeframe (4H here) flipped Support to Resistance structure
also at the same time it confluence with Fakeout setup. Absolute magnificent structure isn't it? 😘
Anyway, we got a distribution zone (Wyckoff) that also contained QM sell pattern (H, L, HH & LL) here,
meanwhile the MACD shows a divergence signal. Price may retrace up to respect QM ya know right. 🐱💻
Trade wisely and much loves! ❤️
NZDUSD Wyckoff analyses 2One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle
Bitcoin - A Wyckoff Cycle Study (Another update)I promised an update to my Wyckoff study of Bitcoin, and with the recent Alert from Glassnode that the balance of BTC on Exchanges is at a 3 year low, I feel we can plot another waypoint on the course towards Wyckoff Distribution. That is, we haven't reached the point of Preliminary Supply (PSY) yet, but this correction is likely the predictive marker that it is next.
10/18/2021 SOL/USDTWe have been in a range and broke structure both up and down persisting to stay in the range. Further, we could identify a Wycoff distribution play potentially hitting our 2HR DEMAND. Additionally, there are some imbalances left near that region which compiles to our confirmation of a bearish or Wycoff distribution play. The UT and UTAD portion are still unclear and we must wait for the rest to occur or it has already occurred and we have not spotted it yet hence why I am hesitant to create any firm assumptions. Lastly, If I see a bearish structure forming inside an LSPY retest or 15 MIN POI that would be my confirmation to enter the trade.
Wyckoff on repeat (sequel)Completely speculative, crystal ball style. This idea is purely out here as a potential scenario in case we do see somewhat of a repeat.
We may not. It may be time to let the markets do its thing. My overall position is hold until 100k+. I will not take action unless I see this play out.
But as I mentioned, I do believe the manipulators will continue. Their goal is to push the markets up while taking profits.
In this case, if we break the previous ATH with strong sentiment (after having turned it into support), we will see extreme greed returning and participants going long.
The best time for a shakeout.
Note: this fractal is not one-on-one. I increased the size to match the % gains (40% legs) / drops (10% correction, 25% drop to accumulation) during the previous fractal.
Coincidence that it then matches the ATH on the first peak, then testing around that range during the second peak (or is it?)
Wyckoff on repeatThis is the pattern that has sustained my faith in BTC price increases since the may crash. Buying the lows at 30k and 40k.
If you look at the volume, it matches as well.
It could all be coincidence, but even if somehow the market as a whole is the cause of this Wyckoff accumulation and distribution repeating (which I doubt), it is not something to ignore.
You can find a clear distribution in September 2020 as well by the way, and we all know how that worked out.
The grip of the manipulators is strong, it won't stop all of a sudden. I would say, keep an eye on the chart. Look at the daily and 4 hour candles.
We may again see this 4 higher highs then a 5th lower high play out. If it does, I know I'll be taking profit right then.
Best of luck to all.
GOLD LIQUIDITY TRAP!!!Gold can some times be a pain in the ass but a good pair once it goes your way.
It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens.
Longterm we are bearish but sellers in the markert must be reduced.
I hope this gets out to as many people as possible.
It is not a definite price path but a path with a higher probability
BITCOIN!! Wyckoff Distribution to $44k?Can see a Wyckoff Distribution pattern forming on the 1HR chart, If price break down support on phase D, BTC price can go down from here to 2 Demand zone (GREY AREA)
1st area 45k,
2nd area 43k,
Potential Short term short set up but we need confirmation from phase D to go forward with phase E.