After the Evil wick

20 мая 2021 г.

It's been amazing to watch the Wyckoff and Elliott moves play out over the last couple of weeks. First Wyckoff call around the 18th of March for distribution.

so it's great to see the Genesis wave becoming professionalized. This move has been text book. But the question seems to be "what next?".

Let me give you a little glimpse to the thoughts post the evil wick.

First of all, I am still sat on my hands - my bias is long overall, but know there's a few things I would like to see happen first.

So to start with;

Wyckoff retest - to go and test the underside of the previous support levels (now resistance)


2nd - I would like to see some Bullish pressure (beyond hype) measured here using one of our crypto indicators.


Something else of interest to me is the cycle count itself.


Finally here's a snapshot of one of the indicators to trade Wyckoff shcmeatics with a little assistance.




Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

21 мая 2021 г.

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Wyckoff Educational post