Pay special attention not only to the price structures, but the volumes. This is a wyckoff text book accumulation
TR - Trading ranges are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
SOS—sign of strength a price advance on increasing spread and relatively higher volume . Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
TR - Trading ranges are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
SOS—sign of strength a price advance on increasing spread and relatively higher volume . Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
交易進行:
We are in.
Now paying close attention.
Spoofy showing a 5k btc sell wall on bitfinex and market dumping fast.
Be careful, trade safe.
Now paying close attention.
Spoofy showing a 5k btc sell wall on bitfinex and market dumping fast.
Be careful, trade safe.
評論:
8.7-8.8k should be next target.
評論:
This could be a nice place to buy some corn if you are not in from 7k
評論:
Target 1 of 8.8k was met. Closed 60% of position there.
Now looking forward to see what happes here at this level. If we break it my bet is on 11.5k for the next and final target befor doom and gloom.
Now looking forward to see what happes here at this level. If we break it my bet is on 11.5k for the next and final target befor doom and gloom.
評論:
Expecting a pullback now down to 7.8k-8.1k area.
