Hello, everyone!
Last time we have been talking about the S&P500, that current bear market is not the true bear market – just a correction. I am waiting for the last leg down before the bullish trend. Today I found the very interesting formation which predicts this leg down.
Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. Here we can see the potential redistribution chart pattern. All Wyckoff events coincides with the textbook, but the main feature of the redistribution is the UTAD – fake breakout of the trading range. Now the LPSY is happening – the test of the higher band of the structure. If we will see the rejection form this level the scenario on the chart is actual.
Best regards, Ivan
Last time we have been talking about the S&P500, that current bear market is not the true bear market – just a correction. I am waiting for the last leg down before the bullish trend. Today I found the very interesting formation which predicts this leg down.
Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. Here we can see the potential redistribution chart pattern. All Wyckoff events coincides with the textbook, but the main feature of the redistribution is the UTAD – fake breakout of the trading range. Now the LPSY is happening – the test of the higher band of the structure. If we will see the rejection form this level the scenario on the chart is actual.
Best regards, Ivan
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.