Martechnic

As said in the title, looking for a distribution pattern to play out in Bitcoin. Please keep in mind that this is playing out on a relative lower timeframe. So one might see this as in-between sorcery while HTF trend continues to be up. If it plays out like this, it means BTC will remain in a horizontal consolidation area allowing ETHEREUM and TOTAL3 to continue to perform. Which in turn means we might see more bullish PA on ETH and ALTS over the next 1-2 months. When BTC indeed reaches a UTAD phase, there should follow a market-wide drop for cryptocurrencies. This market-wide drop might be a steep one, dragging alts down -50% or such. But, if the HTF trend continues to be up, this might become a drop that is worth buying and leading towards a blow-off top phase towards 2026?

As said in the title, current PA looks like we are now finishing the Spring & Spring-test phase of a wyckoff accumulation cycle. Blue squiggly line is type of PA I expect, not an exact representation. DYOR.Alternative view could be that we are getting out of of ST-Phase B here and spring-phase has yet to follow. In that case, real upside for JASMY would be somewhere in 2026?

As shown in the chart, this would be a typical move for BTC to make.Forgot to update. But as you can tell, pretty much nailed it here.New trend spotted, updates in this thread:

Could be printing a distribution here. Early signs, so very early on this idea. Would need to see PA evolve like showed in the graph. Alternatively if it makes a HH, it could be printing a UTAD. Either way, I'll be looking for signs whether Wyckoff Distribution does indeed play out.Still very much in play here. 1:1 replica thusfar.Showed a distribution with LPSY. Instead, looks like we will get a UTAD.

I was not interested when it dropped below the summer 2024 high. I'm also not interested now. I'd rather see a clear reclaim of that summer 2024 level. For now, European and Chinese stocks bring much needed gains where American stocks struggle. So I'd rather not put my money on the line here.Possible scenario here. Just an idea of possible PA, not trying to say it will do exactly the same.This is happening faster than expected, but I'm not worried by that since I was expecting a dump anyway.Target was reached. Nice bounce up afterwards. I think NVDA might be done again here. Expecting another leg to the low area.

So, I've been bearish on TSLA around that $400 mark and was waiting for more PA to evolve before calling the shots. It broke down. Quite rapidly actually. Currently looking to see what happens when price floats around that 200HMA in red. Also looking at weekly RSI that broke down the centre of the channel. If RSI on weekly cannot reclaim above centra at 50 and price has a hard time returning above 200HMA, I'll be looking for another leg down on HTF. I'm looking at weekly timeframe here so be mindful about that. I'm fluid. For me, price doesn't have to get a clean rejection for me to make up my mind. Although, that would make life easier, I'll also look at how price behaves around a certain price level. What I mean by that is: I don't care whether the price will go higher than that 200HMA in daily candles. I care about weekly closes and formations around that area.Early signs are leaning bearish. But early signs are early signs. So let's not get ahead of ourselves.Around the $400 area on Twitter there were well known Tesla fans posting about buying the stock and how it would go to $1.000 next. Meanwhile price is down 45% from the local high. Now I'm not on Twitter anymore, because... well we all know it's a shit show, but I can already smell those same guru's telling you to buy the dip. Because 'Tesla is not a car company'. Back to the chart: things aren't looking pretty in the markets. And I currently see no reason why Tesla would be different.