Populous/Bitcoin - BINANCE - Wyckoff Distribution Schematic
Keep in mind the 7-Day TF (Time Frame) should normally be used when using Wyckoff. However, I'm going to give it a shot with Populous despite it being a relatively new coin. I'm not sure if another exchange has more history to go by. If it does, I will post a chart from that exchange. I'm simply using Binance because I trade at this exchange.
Here is an image of a Wyckoff Distribution Schematic: i.imgur.com/nOJl0Dd.png
Scroll down in this article to see more instructions on Wyckoff Distribution Schematics. There are two of them in this article. It would be worth while to study the entire article several times: stockcharts.com...school/doku.php?id=chart_s...
Pasted the chart again for easier reading of abbreviations:
I will follow up shortly with indicators added...
Here is an image of a Wyckoff Distribution Schematic: i.imgur.com/nOJl0Dd.png
Scroll down in this article to see more instructions on Wyckoff Distribution Schematics. There are two of them in this article. It would be worth while to study the entire article several times: stockcharts.com...school/doku.php?id=chart_s...
Pasted the chart again for easier reading of abbreviations:
I will follow up shortly with indicators added...
Kommentar:
720m (12h) TF with indicators:
Kommentar:
Daily (1440m) TF:
I'm following up with a 360m (6h) TF...
I'm following up with a 360m (6h) TF...
Kommentar:
360m TF:
Kommentar:
Keep in mind, THIS IS ONLY AN "IDEA" and NOT TRADING ADVICE...
Kommentar:
180m (3h) TF:
Kommentar:
FOR FUTURE REFERENCE:
Probably not a bad idea TO WAIT until I post my full TA before considering a decision about what to do or not to do after considering my ideas and ideas of others on a particular coin pair.
For instance, I said "Long" on this coin with the initial higher TF. However, that did not mean to "consider" entry at that moment in time. Because we should GO TO LOWER TF's to consider a better entry or exit after an "idea" is posted.
Probably not a bad idea TO WAIT until I post my full TA before considering a decision about what to do or not to do after considering my ideas and ideas of others on a particular coin pair.
For instance, I said "Long" on this coin with the initial higher TF. However, that did not mean to "consider" entry at that moment in time. Because we should GO TO LOWER TF's to consider a better entry or exit after an "idea" is posted.
Kommentar:
360m (6h) TF:
180m (3h) TF:
180m (3h) TF:
Kommentar:
As I've mentioned before, this coin has little history to go buy but the fundamentals are still there in regards to the schematic. Meaning, we are FINDING the bottom of this Selling Climax in Phase B before we see an Automatic Rally (AR) with an Up Thrust (UT). I just bought some more with a recent payout from Zcash Flypool from my mining of ZEC.
It's currently looking like 0.00230000 might be our bottom. Not certain of this though.
It's currently looking like 0.00230000 might be our bottom. Not certain of this though.
Kommentar:
Not sure if this is where we go up yet but it sure looks like it will have some upside pressure for a while in the 180m TF:
And have a look at the 360m TF:
And have a look at the 360m TF:
Kommentar:
I'm posting two Daily TF's. One from right now and one from February 13 for us to compare and see how valuable the Daily TF can be to get a halfway decent idea of THE TREND; how long THE TREND will last , etc...
The Daily TF :
The Daily TF :
The Daily TF :
The Daily TF :
Kommentar:
This might be your last opportunity to get Populous fairly cheap.
Kommentar:
Decided to post Populous in US dollars just to see how it plays out.
PPT/USD (Calculated by Trading View) 1440m TF:
PPT/USD (Calculated by Trading View) 1440m TF:
Kommentar:
PPTBTC is more revealing as to where we're located within the schematic rather than PPTUSD:
PPTBTC 1440m (Daily) TF:
PPTBTC 1440m (Daily) TF:
Kommentar:
OBVIOUSLY, things have changed CONSIDERABLY: