My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted. We will then wait for a wyckoff distribution...
This is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences...
On the Bitcoin 1W chart, we can see a clear resemblance of a Wyckoff distribution that could cause BTC to have a healthy retest, at least to the $30,600 area, in the upcoming weeks. I personally don't believe we will go below $25,300, as coming up to the halving, a significant drop like such would be very rare.
Bitcoin seems to be going through a Wyckoff distribution scheme #1. We are probably in the last stage of completing the top with the third drive of the three drives pattern. Whats to come is a drop probably retesting 19k level within the next few months.
Although on the H1 there's a short rally, on the higher timeframe such as 4 hours, there's a peak formation on the tip of the LQP. Since the high of the week is established, I don't expect GBPJPY to rally any further to touch the high of the week. (At least this week). My eyes are on the next MLQP, 180.000.
Price is currently consolidating and this is the best time for the markets to generate liquidity before shifting with the next move. Will the Bears get their stops wiped out before shifting in their favour? Or will the Bulls take charge and change the trend?
A lot of volume and volatility on the upthrust, nonetheless bears are clearly on control (Bigger tfs bearish).
Understanding Bitcoin Price Movement through Wyckoff's Theory Richard Wyckoff, a legendary figure in the world of trading, left us with invaluable insights into price action and market behavior. His principles, outlined in "Charting the Stock Market," lay the foundation for understanding how markets move. Let's delve into two pivotal rules from Wyckoff's...
As you can see, there is a shift in market structure 1H TF. Before going further, there is also same scenario if you checked daily TF---> BOS and then going lower. I waited for the level highlighted with institutional candle due to the fact that it sponsored the price to go lower. Upon checking I also see BOS following validity structure :) After that I go...
Daily Structure is Bullish, but I noticed a shift because of supply 1.31073. Upon checking the timeframes from daily to 1H. I see continuous creating of new supply. I wait for Drop Base Drop formation and focus on IC that will be created, 2H POI conclude that I will have a trade this week. I refine it to 1h and 15 minutes distribution. validity--> 2h...
IF you look at daily TF---> you can see a supply being mitigated. Go down to lower Tf like 1H and you can clearly see a shift in market structure validated by HTF supply. I waited for supply to introduced in lower time frame to have an entry. 15 min is my favorite spot to have better Risk to Reward Ratio. As you can see there is bearish market structure. I...
As you can see on the chart, we have a clear market structure in Higher Time Frame. I noticed that it has the same bias last tuesday. Upon checking , I see an IC within the move of NY yesterday. I waited for its validation during asian session and then entry at London Open with SL at 50% of OB (check the chart). RR: 1:8 Distribution Schematics. Target...
I'm expecting USDCAD to go down based on my technical analysis. The price is reaching the initial point of interest an is starting to range. I'm waiting for a liquidity sweep before entering in position. This analysis got add confirmations through : USD Index (Starting being bearish) CAD Index (Bullish) COT Report showing accumulation of USD Short...
Daily redistribution 1h TF schematics POI ---> IMB 30 min IC candle ---> 50% entry coming from wyckoff distro Target demand shown in the chart. RR: 1:8
🔍 Phase 1: Accumulation 📈 Imagine a market that's been in a downtrend, beaten down and disheartened. This is the accumulation phase, where savvy investors slowly start scooping up assets at bargain prices. It's like finding hidden treasures amidst the rubble. Prices might move sideways or slightly up, creating a sense of stability. 🎭 Phase 2: Manipulation...
USDCAD - Hourly Distribution according to Wyckoff. New to this method but want to have some examples of Wyckoff to look back too.
Lower timeframes don't look quite as similar, unless you look at the 2h TF. The daily here has some striking resemblances though. I am bullish on Bitcoin here, but I like to consider alternatives, and there could be a pretty decent case made that Bitcoin is about to enter Phase E of distribution and make a strong move down.
Distribution Schematics ---> valid from Daily to 15 min TIMEFRAME. I wait for manipulation of HIGH since it has a valid structure on daily TF followed by IMB from 1h to 15min . After manipulations of High , It tap into the IMB then continue going lower. RR: 1:14 a great trade to end the week . See attached chart for more detailed entry and setup.