All the charts tell a story, that's the story of this one:
We are hitting a support level for a second time
Fake break support. The reaction after the fake break is a very PVR = buyers
..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days)
Finally Plutus confirms the move and provides the...
If I Consider 12.05.21 being a Climax (BC) and 19.05.21 an AR, Then my FORK is set in the Following way :
Creek > 4379$
ICE > 1400$
MID Range > 2480$
ST > 3990$ / 1700$
UA > 4877$
1. WHY THE COLLAPSE as of 18.06.22 is NOT A SPRING ?
Even if PA has reintegrated the FORK, to being considered a SPRING (PHASE C), it should (PA) at least kick the ST @ 3900$ before...
Learn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding...
Recognized accumulation pattern
A - decreasing volume on lows
B - decreasing volume on lows
The lows in pattern B did not break the lows from A. This indicates that the market is strong and well controlled by large operators. In the lows of pattern B, the last one on the lowest volume forms a very large, bullish engulfing candle.
C - the largest buying wave not...
298 and 170 - decreasing volume at the tops of the chart. After the peak marked with the volume of 170, the next peaks are with much less buyer activity. In summary, buyers have lost their power.
In addition, the chart shows the largest sell-off wave 233. This is the largest volume under the swing since we entered the sideways consolidation.
Indicators used:...
Assessing the market according to the wyckoff method, we see a classic accumulation in the attached chart.
1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power.
833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings...
I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market.
If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those.
Today, for no reason, I...
Hi Guys Hope you well, and good weekend.
As I show You the chart , It maybe a Wyckoff pattern, be careful for long position ,completely against the trend of bitcoin.
SecondChanceCrypto
⏰07/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this...
BINANCE:BTCUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle....
Looking at the BTC weekly chart it is clear that for the last year BTC has been in an accumulation zone and the recent markup in March represents a breakout to the upside of this channel/zone.
November's markdown, mostly fueled by negative crypto news in the wake of FTX's collapse, resulted in a failed breakout to the downside.
Note the bar range differences in...
DISTRIBUTION SCHEMATICS on higher timeframe-----> VALIDITY again for higher timeframe.
Entry at 30min Institutional candle after seeing validity of the structure.
RR: 1:26
Wyckoff distribution + smart money concept entries.
Check the story on 5min---> 15min----> 30min---> 1H TF. you can see the same print of move up to 4H TF.
Timed market response I like making these..... Maybe it doesn't do anything. but I saw that it was poised on my fav number candle and that means its about to go.
by iCantw84it
05.02.23
With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH.
From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario.
I believe it to be highly...
ENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the...
OKX:ICPUSDT
Similarity between Wyckoff is on the graph like crystal clear...
After libra reaction, traditional chart pattern have occured and we may use it on behalf of our sake.
Wait for SOS like in the analysis, at the retest point and Boom!
May the Force be with you!
Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle.
I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example.
1️⃣ Distribution
BTC appears to have rejected the...
The bump and run scenario is working perfectly. It also matches very well with a Wyckoff redistribution schematic.
The road could be bumpy, but the target will be reached I think.
- Accumulation phase along with low volume may indicate we have started to
halt shorting and may return to an imbalance marked by the white Rays,
Good signs shown early in NY session, we will monitor this price action as the week continues.
Disclaimer : Not financial Advice, I am not a Financial Advisor
