DickieWyckoff

DickieWyckoff

Long term macro distribution that will have significant downside.

DickieWyckoff

Bitcoin looks like it's just about to move into markup from a tidy little accumulation range. Not fully convinced by the volume as of yet and I don't fully believe we've seen a proper sign of strength. Idea aligns with my other ideas please see linked below.

DickieWyckoff Updated 

hodl.

DickieWyckoff

Bitcoin with a classic S/R flip of the 64-28k 8-month trading range. If we analyse the September 2020 range we can see that there are some similarities and a clear pattern of 1. Over - Price rallies over resistance but is unable to stay above) 2. Under - Price drop back below but finds support at equidistance to the highs 3. Over - Price re-breaks resistance 4....

DickieWyckoff

hodl that shit.

DickieWyckoff Updated 

I think we at the start of a full market cycle, with the recent drop from 60k -> 30K being the first institutional rug pull. Publishing this idea to keep a track on my theory. n.b. Ghost chart taken from Tesla.

DickieWyckoff

Bitcoins painting a very similar re-accumulation phase just like before . Theres a very well defined BC and AR creating the TR, a ST and what appears to be a creek forming. I'm wary that there is a possibility that this is a little premature none the less something to keep in mind. Volume is dropping, price range is narrowing, volatility dying and buying...

DickieWyckoff

Cause and effect the cornerstone of Wyckoff methodology. Time to get physical, Isaac Newton famously once said ‘For every action, there is an equal and opposite reaction’. With that in mind, let's use it analyse the previous cycles on BTC… Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time....

DickieWyckoff Updated 

I present to you the highly likely large-scale accumulation setup. I still believe there'll be a bounce soon but think it'll be shortlived and likely to be in the form of re-distribution see - bit.ly Keen areas of interest will be the interaction with the support on the bottom of the trading range. Breaking this with low volume should be a clear indication that...

DickieWyckoff

IMO we're still in reaccumulation. We've just broken the TR on low volume sprung back into the TR and tested the support. Sell volume is being absorbed. Expecting a move to the top of the TR for an LPS then upwards to $7800. 2&3hr bull STOCH springs, tensor charts showing support below and clear above.

DickieWyckoff

Here's the setup I'm watching at the moment. If you've been following me you'll know that I think we're in a macro accumulation phase (see linked idea and twitter feed -> twitter.com). Key Points To Remember. (stockcharts.com) SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public...

DickieWyckoff Updated 

Here's an idea I've been following for a while now on twitter (twitter.com). What if we're in Wykoffs distribution and markup is next? The distribution schematic I'm working from is this - d.stockcharts.com I'm looking forward to options and views on this. FYI. I'm SHORT from $9860.

DickieWyckoff Updated 

What if this is the one wedge to rule them all?. For the last couple weeks btc has been smashing out wedge after wedge... were they just a setup for an even bigger one? Key points of interest: 1. Support line currently highly speculative we can, however, see that a retrace to $7500 is a 50% retracement of the pump. 2. Bounce from support will see us move to the...

DickieWyckoff Updated 

I've only just noticed the correlation between stoch wedges and violent price movement. Interested to see how this plays out.

DickieWyckoff Updated 

I've only just noticed the correlation between STOCH wedges and violent price movement. I'm Interested to see how this plays out, not trading advice more of an experiment!

DickieWyckoff

Purely speculation... 6k could come real fast or it'll be a choppy drop to it. I'm bearish either way. 4HR STOCH is heavily oversold with lots of room to drop. IMO

DickieWyckoff Updated 

Which ways it gonna go?

DickieWyckoff Updated 

BTC is loving rising wedges which are typically bullish. IMO we've just witnessed a weak bounce and we're just going through the motions until we hit ~6k. I'm bearish on this overview and think its unlikely we'll break the longterm downtrend. Short Entry - in pink ~ $6950