ProwdClown
Giá lên

ETHUSDT - WYCKOFF DISTRIBUTION SCHEMATIC #1 - PASTED IN COMMENTS

POLONIEX:ETHUSDT   Ethereum / Tether USD
AGAIN FOR VIEWING THE WAY IT WAS INTENDED. Trading View's platform scrunches up the cover chart and have to paste it again in comments.



FIB coordinates are 0 = $0.005 and 100 = $1,423.99999999

Here's an image of Wyckoff Distribution Schematic #1: https://i.imgur.com/nOJl0Dd.png

Do NOT assume we will fall into months of bear trend in Phase E as depicted on the image of Wyckoff Distribution Schematic #1 above. Even Wyckoff himself said we do not have to fall into Phase E if the laws of Supply and Demand determine we should skip it and fall into another Phase A of a new schematic.

You're welcome to scroll down in this link to find "Wyckoff Distribution Schematic #1" to find additional notes about phases and events: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%20Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - https://www.youtube.com/watch?v=uzISUr1itWg&amp=&ytbChannel=BigMikeTrading

Following up later with more charts including indicators.
Bình luận: 4-Day TF (Each candle is a period of 4-Days - for new comers).
Bình luận: I'm updating this publication with more detailed price points to collocate (be in harmony with) last year in regards to WHEN we peaked and bottomed out on specific dates.

We still do not have enough history on ETHUSD in order for me to use Loaded Guns Theory rules to determine 0.618 FIB RT at bottom of MAJOR consolidation events or the 1.618 FIB at the peak of MAJOR Up Thrust events. We will have a better idea of those price points with those rules the next following year (2019).

Bình luận: One IMPORTANT thing to consider with our TA (Technical Analysis) for ETHUSD. That "thing" happens to be EOS Blockchain. This is where we get into some FUNDAMENTAL analysis (FA).

What relevance does EOS Blockchain have to ETH Blockchain? EOS was an ICO funded via an ERC token on the ETH Blockchain. EOS has hundreds of millions of dollars worth of ETH it received for its funding and development. If those hundreds of millions were to be dumped in order to suppress the value of ETH "while" using the capital it receives from dumping ETH to "pump" EOS, that could dramatically affect this analysis.

There are several other coins that may join in and do the same. It's hard to say at this point but it's definitely worth taking into consideration when trading ETH.

If ANYONE knows when EOS Blockchain goes LIVE, "please" share this info with the rest of the community following this "idea."

Thanks in advance.

David
Bình luận: utechs, was kind to share the date the EOS Blockchain goes LIVE in the comments section below. He said it was scheduled for June 3rd.

My response:

"Oh WOW... Thanks for sharing that, Brother. Much appreciated. As you and I know, end of May/early June is the time range in which we reach the peek of our Spring/Up Thrust event and begin a MAJOR consolidation down. That date in which the EOS Blockchain goes LIVE could very well mean the consolidation event may drop much lower than anticipated. I'm referring to the bottom I have July 14th at $770. It may very well go MUCH lower than this. "

This might be a very volatile year for ETH. Which means we must stay on our toes.
Bình luận:
Bình luận:
Bình luận: Apologies for not being around yesterday to provide signals. I had a full day yesterday with the power company replacing transformer and electricians upgrading my inside with new panels to upgrade from 200 Amps to 400 Amps.

Today, I MUST install 8 new 30 amp circuits for rigs and 4 new 20 amp circuits for fans to keep the rigs cool and for my network/router/switches.

I will also be involved with my nephews wedding Friday through Sunday. So, I won't be posting much at all the next few days.

Here's a brief mid range TF with the 240m (4h) and 360m (6h) TF's.
Bình luận:
Bình luận: Pardon so many email notifications you're probably getting at the moment with these updates.

I simply wanted to point out the Magenta RSX (Relative Strength Index); which would be VERY similar to your Red line in Godmode 3.1 Mod with LSMA indicator; did dip down quite low in both the 240m and 360m TF's. So, the possibility is a little higher than normal of a reversal back to the upside now without the Blue LSMA actually coming down to the 20% level before seeing a reversal.

The only time this usually occurs is during a long term market trend; which is the case now.

The only other thing I can come up with is the Magenta RSX is showing the beginning plot for an A,B,C wedge building up like a coil (as it gets narrower at the point) before we actually build up enough energy in that coil to rocket upside once again.

Here's a look in the 240m (4h) TF to give a visual of what I mean. Keep in mind; this is NOT what I'm saying will actually occur. Simply saying it's possible:

June 3rd EOS blockchain goes live.
Phản hồi
@utechs,

Oh WOW... Thanks for sharing that, Brother. Much appreciated. As you and I know, end of May/early June is the time range in which we reach the peek of our Spring/Up Thrust event and begin a MAJOR consolidation down. That date in which the EOS Blockchain goes LIVE could very well mean the consolidation event may drop much lower than anticipated. I'm referring to the bottom I have July 14th at $770. It may very well go MUCH lower than this.

Thanks again for the info. I'm going to share it now with other followers in a post above. Which means you'll get an email notification for ETH but it simply means I'm copying and pasting my comment and yours.

Cheers,

David
+1 Phản hồi
Excellent as usual...
Sir, what is the point , where u memtioned back to phase A by skipping phase E?
U mean start of redistribution?

Normally wyckoffians would wait for the sow/ mark down to appear to enter sureshot short..
But this becomes a problem if another phase a starts, how to handlle that..?
Phản hồi
ProwdClown sandipan.mch
@sandipan.mch,

Normally, a phase E of distribution implies a year or more of bear trend. However, I've found this only to occur one time with Bitcoin. That was pretty much all of 2014. Phase E can be "rejected" (Due to Demand over coming supply) and we revert to Accumulation.

The main reason for this entire year is depicted as a Distribution Schematic is because of the 70+ percent drop we had the beginning of this year. This compelled me to change my thoughts for the entire year playing out in the form of a Distribution Schematic (Beginning with phase A) on till the end of the year with Phase C. Phase D will begin the start of 2019 and we will see if we fall into a phase E in 2019 for almost the entire year OR if we reject Phase E and fall into Phase A of either Accumulation or Distribution Schematic.
Phản hồi
ProwdClown sandipan.mch
@sandipan.mch,

You said the following:

Normally wyckoffians would wait for the sow/ mark down to appear to enter sureshot short..
But this becomes a problem if another phase a starts, how to handlle that..?

Back in the days of Wycoff, they did not have all the indicators and the internet like we do today. I use indicators along with Wyckoff to TRY to get an idea of what's about to occur ahead of time in order to place my bets accordingly at opportune times (whether buy or exit in crypto OR short or long in stocks/currencies (FOREX).
Phản hồi
ProwdClown sandipan.mch
@sandipan.mch,

For instance, the 4-Day, 5-Day and 7-Day indicators for ETHUSDT revealed we were MORE THAN LIKELY at bottom. Which see below:

4-Day TF with indicator is above in my publication.

Here is 5-Day:



Here is 7-Day:

Phản hồi
Thanks for your work! Amazing material, as always! Any thoughts on XMR and\or alts in general? I suppose most of them will follow ETH \ BTC pattern if your chart actually plays out like that.
Phản hồi
@bhsl,

I'll do one on XMR/USDT Poloniex as well some time later today. Yes, it will be somewhat similar to my BTCUSD BitStamp and ETHUSDT Poloniex publications. Thanks for the follow and the "like."
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người kiểm duyệt Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã Xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất