[GOLD_2 W3 Sept 2021] GOLD#186GOLD
Long Setup
👉🏻 Wyckoff accumulation. Correcting now, at newly formed support in this lower timeframe. Potential target is its previous high of $1833 which is also a major resistance.
Wyckoffmethod
BTC Wyckoff DistributionIt looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k.
Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
OIL | Technical Analysis Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen. Possible downward correction in the following sessions.
NAS100 Short from LPSYAnticipating market to rally upwards to mitigate some of the orders left from the extreme which broke structure from the schematic. Orders are from the NY session so will definitely be buy orders in there that needs to be mitigated. Have found my most volumest candle which correlates on the 50m, 5m and 2m timeframes. Sell Limit off the 80% of the 5 minute and have set an alarm off 50% of the 50m to give me a heads up to watch closely. Planning on running this down towards the re-accumulation that happened near the end of August. With the events happening with the world economy and being September, I'm anticipating some downwards movements in the indices. So let's wait and see, happy trading!
Nice catch on GBPUSDBeautiful catch on GBPUSD before weekend
Sell Limit off 80% of the 127M candle which initially was the extreme of the leg that pushed price to break the low from 01/09. Price has therefore come back up to mitigate some of the orders in the area which also holds some significance being in the NY session. SL set on the extreme high risking 6.6 pips in order to run this down to the extreme low from 09/09. Will take partials at 1.38000 as price loves the 50s and 80s. Already have set stop loss to break even as its broken some significant structure so now let's wait and see. 24:1 R&R. Lets goooooooo fam!
Potential Wyckoff Distribution Setting Up On Snap Snap is potentially on its final phase of distribution. Wait for a decisive brake below the Buyers climax (BC) resistance and previous low for higher accuracy. Lets see how it plays out.
GBPUSD BEARISHMarket tapped into my sell limit perfectly. Risking 6.6 pips in order to make 159 which is the extreme low of the structure. Lets go boys!
Bearish GBPCHFRisking 8.8 pips for 318 pips which is at the swing low of this bullish order flow. Playing this trade off a distribution that caused a break of order flow which is going bearish. Found my most volumest bullish before the bearish candle which appears on the 22 minute timeframe which signals the most action. It also takes place within the NY session. Let's be patient fam and this trade is going to be one for the books. Thank me later!
BTC Accumulation on MSOWRecently btc dropped violently, A move that caught many by surprise. As expected, that was a major sign of weakness for a larger distribution.
Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action.
This position would provide a reasonable RR and a good way to increase account balance.
Bitcoin Wyckoff Accumulation?Im no wyckoff expert but recently have been studying a great book on the methodology. Having looked at bitcoin it seems pretty close to wyckoff accumulation as ive charted up here. Note that this method requires a flexible approach and is not an exact science.
Bitcoin Wyckoff Accumulation?Im no wyckoff expert but recently have been studying a great book on the methodology. Having looked at bitcoin it seems pretty close to wyckoff accumulation as ive charted up here. Note that this method requires a flexible approach and is not an exact science.
Gold distributionHaving targeted previous highs, gold managed to scoop up the buy side liquidity.
Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down.
With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down
Without a doubt price could go below the double bottoms but we target the candle that shook out buyers for our TP
Possible Wyckoff Accumulation on VroomI'm not too sure if this is accumulation or redistribution. If the price could break above the initial support of the sellers climax (SC) with some decent volume; I will be more convinced that we are in the final phases of accumulation. Lets just see what happens.
Bitcoin – Another Wycoff Redistribution?Looking at the structure of the current chart, the pronounced price divergence and convincing rejection at $51k, and it looks as though there could be another Wyckoff redistribution in process and a brief correction towards $43k might be likely.
What do you think? Will it drop to $43k before lift-off?
BTC will continue to consolidate or continue to grow?
At the beginning of the week, digital assets were under pressure from long-term negative factors, a general decline in investor interest in digital assets, and expectations of the start of tightening of the US Federal Reserve's monetary policy. However, the “bears” failed to break the key support levels down, which led to corrective growth. At the end of the week, the strengthening of the market was supported by the head of Tesla Inc. Elon Musk. He stated that as BTC mining increasingly relied on renewable energy sources, his company might start accepting it as a means of payment again. Musk also confirmed that Tesla Inc. and Space Exploration Technologies Corp. (SpaceX) owns BTC, and the entrepreneur himself, also to the first cryptocurrency, also owns ETH and DOGE.
The comments made by US officials this week are also worth traders’ attention. Treasury Secretary Janet Yellen called for the early creation of a regulatory framework for stable coins, as the volume of their use as a means of payment was growing rapidly, which might pose potential risks to the country's financial system. The new chairman of the SEC, Gary Gensler, is of the same opinion. He recalled that today, many platforms around the world created cryptocurrency tokens, the price of which was based on various securities. Such products are subject to securities laws and the companies that issue them must adhere to these laws.
Technical Analysis
Just buy the dips.
XRP doesnt have the market's Attention right now, But its comingNot a fan, just a trade. Wyckoff Accumulation breaking a pennant on a much bigger move, lets go!
USDJPY REDISTRIBUTIONPrice has been redistributing during half of august. NFP made the utad to clear liquidity before heading down.
As it is , I expect a small retracement to form the lpsy.
EURJPY - BUYEurJpy has created a bullish trade opportunity. it has triggred 1 st entry & almost 2nd one, so better to buy this pair when Asian Session opens in a while. for more informaion leave a message to my inbox.
XRP WYCKOFF FASE 3 DISTRIBUTION - JUST EDUCATIONALHe estado trabajando con Wyckoff. No soy experto, tampoco soy predictor de tendencia, sólo espero recomendaciones del análisis.
XRP/USDT 3yrs ACCUMULATIONSeptember is famous for price falls before mega bull runs.
Combining that with the fact that bitcoin makes an ATH every 3 years then we should be seeing crypto peak in December.
Watch for the 0.6000 zone as price might bounce from there
TWTR poised for a big bull run?looks like we had an ABC correction off a previous 5 wave advance. Maybe we are looking for another bull rally for another 5 wave advance? New to EW so let me know your thoughts
Wyckoff Rune Futures (first post)
This is a 15 minute graph showing an illustration of a Wyckoff event occurring on the one minute time scale, the overall percentage drop from top to bottom was roughly 5%.
overall Rune usually moves similar to bitcoins trend on lower time scales but with higher volatility in price ranges, usually between 0.1 - 0.5% per minute.
I think the Cryptocurrency has potential, although it hasn't gained as much attraction as LUNA, C98. Its still in early times of some large moves due to 27% of Rune locked into Thorchains liquidity protocol.
Personally I have no analysis or real impressions over where i believe Rune could go from here, I just found the pattern to be very interesting. Hope you enjoy!
the time signatures are listed if you would like to plot the event yourself as I cant show the one minute time scale on the Ideas bored but interested to see if other coins have experienced the same event!
