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As traders navigate the ever-shifting tides of the cryptocurrency market, celestial events often play an underrated role in influencing market sentiment and price action. Two such phenomena are the 'void of course' periods of the Moon and the energy of the lunar days, particularly lunar day 27. In this analysis, we explore how these events could converge to create...

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More like BTC to it's doom and here's why. To be clear, I don't care if it goes up or down. I just trade it and do not hold any. 1. Potential Distribution pattern playing out: Identifying the subphases of distribution within the context of the Wyckoff Method involves recognizing the transition from accumulation and markup to distribution and markdown in a...

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The HNTUSDT pair shows a potential distribution pattern, with volume analysis indicating a bearish outlook. The volume during the rally to BCLMX (buying climax) is less than the sell-off volume to AR (Automatic rally), indicating that selling pressure is overtaking buying enthusiasm. This is often seen when large players are distributing their holdings to the...

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The SOL/USDT 15-minute chart is currently painting a picture of accumulation. This pattern typically precedes a bullish shift, with the price action following a selling climax (SCLMX) and bouncing back through an automatic reaction (AR) and a series of secondary tests (ST). The 'last point of support' (LPSY) is emerging as a possible pivot for an upward trend....

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The ETH/USDT chart presents a potential distribution pattern that warrants close attention. Distribution typically occurs after a market has experienced a substantial rally and is characterized by large players starting to offload their holdings to the market. This process can lead to a plateau in price, with a series of rallies and declines that often confuse...

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My latest analysis of SOL/USDT points to a potential distribution phase, a precursor to a shift in market dynamics that could significantly impact price action. While the asset has been on an upward trajectory, forming a notable ascending broadening wedge, this pattern typically reflects growing market indecision and can lead to increased volatility. The...

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The current Ethereum chart presents a classic illustration of a potential Wyckoff redistribution phase, enriched with insights from high volume vector candles indicative of market maker presence—a strategy used by Traders Reality. I am not affiliated with Traders Reality, but do implement their strategies in my trading. You can check out their information at the...

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The red trendline on ETH's chart is more than just a line—it's where ETH's price has repeatedly made significant contacts, challenging it over five times now. This level has become a make-or-break point. We see that ETH has already pierced this red line. Although such a breach might seem minor, it often hints at a larger upcoming movement. These initial breaks...

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The current rise in Bitcoin's price may seem like a green signal for continued prosperity, but one must remain vigilant against the mechanisms of market manipulation. It's prudent to remember that in the world of trading, what goes up rapidly can come down just as fast, if not faster. Trade wisely.

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Looks as if a falling wedge is forming to test upper resistance level. I believe this could be a distribution pattern playing out, however I will be taking precautions around $2222 as this is has been an area of high volatility and bullish price action in the past. Volume, alongside price action, is a critical component in analyzing the market through the lens...

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Chainlink had a clear breakout of a falling wedge but has not retracted or tested the breakout. While the huge falling wedge seems very promising, I will mention that the falling wedge is a very poor performer and bullishness may not sustain after it has reached its target. Tom Bulkowski a author, legendary trader and regarded as the leading expert on chart...

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Was a little hesitant to post this. But this post is just for fun and speculation of course and definitely should be marked under "beyond technical analysis". This is also a result of what may happen when you stare at charts too long and may develop a sense of pareidolia (I had to google it haha). But I found this quite interesting. Before I get started on my...

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The recent prices actions of ETH are showing signs of distribution. Bull rallies have been weak with decreasing volume, market makers are showing signs of offloading positions and entering shorts, plus there is no current news or events to induce major buyers. This recent bull run seems more like a liquidity grab to wipe out shorts from previous months. I am...

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Preliminary Support (PS): This phase occurs after a significant downtrend, and it represents the efforts of smart money (institutions) accumulating shares at lower prices. Identify a consolidation or sideways movement on the price chart after the downtrend. Watch for decreasing volume during this consolidation phase, compared to the volume during the preceding...

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PSY (Preliminary Support): During the PSY sub-phase, the price action tends to fluctuate in a tight range, often forming a base or a bottom. This phase usually occurs after a significant increase in price, where traders and investors are looking for a potential reversal in the trend. To identify the PSY sub-phase, look for a consolidation period where the price...

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I am calling bluff on Bitcoin! I am seeing redistribution and not accumulation. Currently, I am looking for the falling wedge to play out on the smaller time frames to take out last weeks low. If this plays out, and price holds above $22,000, I will be looking to enter a buy and will begin to take profits when price exits the ascending channel or reaches my...

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Just a revision of a wyckoff idea I post a few days ago. The shakeout phase did it job and had me confused, so I revised my idea and included info on this phase. I will be looking for price to continue down to the green or red trendlines and possibly make a bounce back up to the upper resistance levels created during the UT. The Wyckoff distribution model...

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I will be looking to short from the current area as I see the last move up (Upthrust) as a bearish signal and false breakout to trick inexperienced traders. There is a lot of unrecovered green space below to be recovered before a push up.