My style of trading, when I started was a lot of indicators eg. MA, RSI, and Stochastic but my charts are clean and simple. I have moved on from lagging indicators to Price action >> Harmonics >> no I'm onto Wyckoff Method, I still use PA and Harmonics for my analysis. My journey has been enjoyable so far and would like to learn from members and in addition, give back to the community.
Bitcoin is in a trading range (TR). Now I would watch the structure to see if it is a re-distribution or an accumulation.
Further analysis on bitcoin. I think it is in a accumulation as supply is diminishing, the structure is rising.
EURUSD - Daily We can see the stopping action of a downtrend on this pair. It was confirmed last week that EU would go into a sideways trend based on a Wyckoff analysis. This analysis looks at four points on the chart and for a confirmation of the consolidation action, these four following points must be completed PS, SC, AR and ST to mark the end of the downtrend. Now it is too early to call it an Accumulation/Re-distribution, but as the days past we would see what unfolds.
