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Wyckoff

Near Term Bitcoin LTF Weakness to Establish HTF TR BottomThe New Year is looking bright for Bitcoin with the most recent report from Franklin Templeton predicting “nations to adopt strategic Bitcoin reserves in 2025.” It should be interesting to see how sustainable it will be for Bitcoin to be a practical method to both store and transfer value, given its TPS limitation as more Nations and Institutions become larger players on the chain. I believe this presents an incredible opportunity for quality POW governance tokens to shine and become a very real complementary alternative. But I digress – what’s up with Big Daddy Bitcoin and the No Santa Rally? On the LTF (1D) Point and Figure, the formation is currently printing a distribution pattern, forming a Last Point of Supply (LPSY) at a local high of $96,000 to retest the prior local high at $95,400 Bitcoin established after moving into Phase D Distribution of the distribution cycle. True to form in Phase D of a Distribution Cycle, the formation printed the preliminary sign of weakness, dropping to the $91,400 handle before the retest. The characteristic of Phase D Distribution is a Major Sign of Weakness occurs at the end of Phase D which “Breaks the Ice” of the lower level of support (in this case $90,800). The horizontal price count suggests a potential near-term fall from the current level to the $$86,600 region from a Major Sign of Weakness (MSOW), before a relief rally to “Return to Ice” and subsequent Preliminary Support (PS) and Selling Climax (SC) are established. The positive take should be on the Higher Time Frame (HTF), this PA is all about establishing the bottom of the new Trade Range, which has recently established the $108,300 handle at the upper limit of this Trade Range. Consolidation within this range should happen for a bit to establish both future direction and build cause within the formation to build potential (much like coiling a spring) for the next move. Always remember this is not trading advice. Outside of that, Happy Trading.
COINBASE:BTCUSD
by FOFAgent1
PIKK 1H Swing Long Conservative Trend TradeConservative Trend Trade + long impulse + 1/2 correction + T2 level ? (new spread) + support level + biggest volume Sp + weak test Calculated affordable stop limit 1 to 2 R/R take profit Daily context "+ long impulse + 1/2 correction - SOS level above JOC + support level + volumed Sp + weak test" Monthly context "- short impulse + volumed T1 + support level + biggest volume 2Sp+ in 4d" Yearly context "- no trend - context direction short"
RUS:PIKKLong
by MishaSuvorov
ALRS 1D Long Investment Aggressive CounterTrend TradeAggressive CounterTrend Trade - short impulse + volumed T1 + support level + biggest volume Sp + weak test + first bullish bar close entry Calculated affordable stop limit Take profit 1/3 - 1 to 2 R/R 1/3 - 1D T2 / 1M T2 1/3 - 1/2 of 1Y Calculated affordable stop limit Take profit 1/3 - 1 to 2 R/R 1/3 - 1D T2 / 1M T2 1/3 - 1/2 of 1Y Monthly CounterTrend "- short impulse + volumed TE / T1 + support level + volumed Sp + test" Yearly Trend "+ long impulse + 1/2 correction + T2 level + support level + manipulation"
RUS:ALRSLong
by MishaSuvorov
SMLT 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade - short impulse - unvolumed T1 + support level + volumed 2Sp+ + weak test + biggest volume first buying bar close entry Calculated affordable stop limit 1 to 2 R/R take profit Daily CounterTrend "- short impulse + volumed T1 + support level + volumed manipulation" Monthly Trend "+ long impulse + T2 level + support level + biggest volume manipulation" Yearly trend "+ T1 level + support level + biggest volume manipulation?"
RUS:SMLTLong
by MishaSuvorov
LLY 1H Swing Long Aggressive Trend TradeAggressive Trend Trade - short impulse + volumed TE / T1 + support level + biggest volume Sp + weak test + first bullish bar close entry Calculated affordable stop limit 1 to 2 R/R take profit Daily Context "+ long impulse + 1/2 correction - expanding T2 + support level + volumed manipulation" Monthly Context "+ long impulse + 1/2 correction + T2 level + support level - biggest volume manipulation" Yearly Context "+ long impulse - neutral zone"
NYSE:LLYLong
by MishaSuvorov
AFKS Swing 1H Long Conservative CounterTrend TradeConservative CounterTrend Trade + long balance + 1/2 correction + volumed ICE level + support level + biggest volume 2Sp- + weak test - above first bullish bar close entry Calculated affordable stop limit 1 to 2 R/R take profit Daily Context "- short impulse + volumed TE / T1 level + volumed manipulation + support level" Monthly Context "- short impulse + biggest volume T1 level - below 1/2 correction + support level - one bar reversal?!" Yearly Context "- short impulse - neutral zone"
RUS:AFKS
by MishaSuvorov
GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades. If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend. Confluences for GBP/USD Sells: - Liquidity Below: There’s substantial liquidity to the downside waiting to be taken. - Bearish Momentum: The pair has been bearish over the past two weeks. - Break of Structure: Price has broken key levels to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) is aligning with this bearish setup. - Key Supply Zone: A well-defined supply zone caused the initial downside move. Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Short
by Hassan_fx
BTC 1h updateAt 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed at the support level at 9 AM. Additionally, selling volume has been slightly lower than buying volume, and the approach to resistance has shown moderate strength. Let's remain patient and observe how the situation unfolds.
Short
by MrXade