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Accumulation

Bitcoin More fear? More Accumulation? Hello traders, Over the summer I dove deep into the schematics of Richard Wyckoff. One thing I recognized studying his teachings was that it is apparent to me Bitcoin being a scarce asset with great current and future demand that there are market makers out there trying to create more liquidity of this asset they can accumulate. Wyckoff explains his theory regarding the “composite operator” which he elaborates is simply market makers who control the market to their advantage and largely to your disadvantage. To my case in point, I have circled an area that I published an idea on that was based on a Wyckoff Accumulation Schematic which you can find in the linked ideas below. This schematic basically creates market participants that think the market is going lower this, they sell off their asset (in this case Bitcoin, a scarce asset) and shortly after push the same participants to buy the asset up making the price appreciate. I find it eerily similar that the price action we experienced back in the summer of 2021 is almost identical to the price action we are experiencing now. I have placed a fear indicator on the chart that you can get an idea of the overall sentiment in the market during both of these periods. To me, it seems as if we are going through the same situation and I’d expect some type of good news over the next few months that push the markets up and we see some appreciated prices along the way. Keep in mind that you’re in an asset class that isn’t going away anytime soon. This is a world changing technology and will change many lives for the better along the way. Keep your hands strong folks and stay diligent in your research! Have a green week! Savvy
BINANCE:BTCUSD
by Savvythe1
7
CLVUSDT BUY ZONE AND DESCENDING WEDGEBesides the fact that Clover Finance is a solid project, it also won DOTs parachain auction about 3 weeks ago. You can see from the chart this asset has been in an extended accumulation phase for sometime now. From a glance at the chart, despite the price going down during accumulation, you can see strong amounts of buying going on here with peaks far above the average volume. If you pair that with the fact that we have 2 descending wedges (smaller and larger) you can assume this asset will break out eventually. Because of this I have been DCAing the dip as of recent, and have used the current BTC drop as an entry into this asset. Thanks again everyone!
CLong
by mysticalwalrus
1
GME - FOMO vs. Accumulation GME daily chart showing confluence of trend lines going back to and beyond the pop that occurred early last year. The price appears to be holding/reversing at these levels. Volume indicator (VAPL-CM*) showing significant accumulation of shares recently. This bullish volume is occurring after the drop in price and isn't FOMO buying as occurred back in June and July 2021 when GME bulls chased higher prices. Indicates 'smart money' or at least long hedges are accumulating this equity in anticipation of a price surge. And the price has held up well despite what appears to be new massive shorting that occurred in late November/early December 2021. Direct registration of the GME shares may be playing a role in this more recent volume dynamic, and overall daily volume remains very low, however the OBV (not shown) is still pegged to the ceiling. The BBs are getting tight again but have a little further to go IMO before a blast off will occur. With many put options expiring OTM later this month - expect some significant price movements to the upside... ~1 to 3 weeks. Not financial advice.
NYSE:GMELong
by Akksujean
3
ICPUSD ACCUMULATION COMING TO AN ENDThis is an update to a chart a posted awhile ago noting the buying range for a good price during accumulation. I believe the accumulation phase is coming to an end. I was criticized heavily when I posted the last chart due to ICP's perceived performance since listing (which was the day before the May drop LOL). However ICP entered an accumulation phase which looks very similar to a standard wyckoff accumulation pattern. Anyways, I believe the uptrend has begun. I have noted the resistance and support zones on the chart which will touched while ICP consolidates for the next push. As long as BTC behaves itself, I would say things are looking pretty good. Thanks again everyone!
Long
by mysticalwalrus
8
XRP and the Legendary Jesse LivermoreToday we are going to discuss the Livermore Cylinder an accumulation patter first identified by Jesse Livermore a Legend in the trading industry as he for the most part is the reason we are all here today doing TA. You will get a little history, a little TA knowledge, a nice chart to help with your DD and some education on the fundamentals of this accumulation pattern. Jesse Lauriston Livermore ( July 26, 1877 – November 28, 1940 ) was a US based stock trader who was a pioneer in the early days of massive market manipulation, little rules and wild west every operator for themselves days. From my readings of Jesse and Richard Wyckoff (my two favorite historical traders) it was crazy times back then and order needed to be created to help the average trader like you and myself have an edge on the game. Thus these two traders pioneered many techniques that we still use today. One of those techniques is the Livermore Cylinder accumulation pattern which basses a large wave breakout of "Stock A" on wave 8 after a long accumulation period. As you can see on the chart I have laid out for you, the accumulation matches perfectly aside from the black swan event that came about when the SEC filled suit against Ripple Labs for selling an unregistered stock on December 22 2020. This trading pattern is defined by a cylinder shaped accumulation and further confirmed by the volume relating to the accumulation of the asset. To depict the volume of the accumulation I choose to use the Weis Wave Volume indicator by @LazyBear as it best illustrates the accumulation and distribution visually with the waves better then the traditional volume indicator for this specific pattern. As you can see in the sketch note on "Example A" on the chart titled "Livermore's Speculative Chart" you will see the diagram drawn by Jesse Livermore depicting the accumulation of each move and the volume behind these moves. In wave 1 you will notice a small volume spike showing that buying pressure is starting to increase as well as at the top of wave 2. Wave 3 shows a sell off as the volume decreases but the accumulation continues into wave 4 which is a high accumulation volume and increase in price action. Wave 5 presents the black swan event of the SEC lawsuit against Ripple Labs causing a sell off which matches the volume indication on wave 5 but, the price action slightly pops out of the Livermore cylinder which is ok as it leveled back out after the cooling off period from the lawsuit. Still though presenting an increase in selling volume as the price then started to increase into wave 6. After wave 6 we experienced the sell of that has us to the current price of today and completing wave 7. Per the rules to this accumulation wave 8 will present a large increase in buying volume as well as a swift increase to price action raising the asset up quickly and most likely creating a large blow off top before heading onto to waves 9,10,11,12,13,14 and 15 which would complete this accumulation patter and bring it back down to most likely be the end of this current bull run. I will update along the way. I hope you folks have a very GREEN year ahead in 2022. Tell me something that you learned from your trading endeavors in 2021, lessons, mistakes you learned from or some education that you would like to share with the community in the comments below! Savvy
Long
by Savvythe1
4
Accumulation about to end BTC is going to new ATHwhat we are seeing since 4 dec low is a lot of overlapping and price trying to breach the low of the range multiple times without success, it looks like it's an accumulation phase as we are seeing bullish CVD forming on spot and futures coinalyze.net and since 31 dec we see even more overlapping, typical before a spring or a failed spring in wyckoff accumulation scheme, we have a significant untouched daily level at 44.8k so price could bounce on it making that spring or we could bounce on the bottom of the range without breaching it, in both cases i am looking for a long entry that would take us to a new ATH. another scenario would be that we accumulate more in this range for some days/weeks before taking off
BYBIT:BTCUSD.PLong
by OthmaneAo
Bitcoin re-accumulation zone7 Essential principles we have learnt this year from trading weekly charts: -Weekly charts are where the real $ is. -If you are looking at weekly charts, don't get caught up in the short term volatility. Unless trading the 1D and 4H charts, of course. -Identifying the accumulation or re-accumulation zone early is essential. -Don't expect the price to start moving as soon as you buy or sell. A single trade on a weekly chart can last up to 16 weeks. -Accumulation zones on a weekly chart can go from 10 to 16 weeks, sometimes more. Market sentiment is usually bearish during this time. -Accumulation zones are where the institutions buy the lower part of the zone, while retail sells their positions following bearish news. -Retail jumps on board once the price has left the accumulation zone. Don't follow market sentiment! That being said, I believe we are currently at the early stage of a re-accumulation zone that will last several weeks. Maybe another 7 to 10. Guessing when the price will leave the zone would be as naive as trying to guess how deep the dip will be. That's why I always show a box with the "zone". So, start accumulating without expecting to be the last buyer before a rally. I re-accumulated BTC at $33.500 in July while the market sentiment was extremely bearish. I wasn't the last buyer, because prices went down to almost $28.000 few weeks after. I closed those positions at $65.000 and again, I wasn't the last seller. Expecting to be that person is imposible and will affect your judgment. My best advice is, start accumulating and be patient. When trading the weekly, use the daily timeframe ONLY to try and find the best buying zones but don't get caught up in the short term volatility. I'll be posting the daily projections as per usual. Here's the link to the previous one, which is right on track with the forecast: We might or might not visit the 42k zone. The question is: If you buy BTC at 46 -current price- and you sell around 70. Would you care if you bought it at 42 or 46? Maybe! Ask those bears who were waiting for the $20.000 in July just because that was "The best buying zone" what they think now. Happy 2022! Rio.
Long
by SatoshiSacamoco
Wyckoff - USDCADWould love some insight into this potential Wyckoff accumulation. So far it looks like smart money is constantly taking out those lower lows in a consolidation phase to take away retail investors going long and release some liquidity. Coming to the end of a Secondary Test b (or potential spring)??? This is the first time I've plotted a potential Wyckoff ac and would be great to shed some light in the comments if this is probable and r.e specific entry types/ TF you'd look to enter.
Long
by MattsActionPlays
2
The Power of "Wyckoff Pattern"It is all in the chart Baby! This is a Long Term Trade. March 2022, EOS will hit around 9 Dollars. After that, I predict it will hit All time high around Quarter 2. This is not Financial Advise. This is base on Technical Analysis. For Fundamental Analysis: Negative Fundamentals - EOS will hover around the 2 - 3 dollars area. Seems to find that area as a bottom base on Negative FA and also the decrease of Bitcoin Positive Fundamentals - All time high Around Quarter 1, continuing to Quarter 2. Max Potential is around 50-80 Dollars (LONG TERM)
COINBASE:EOSUSDLong
by OmaOne
1
BTC 4H Long - Wyckoff AccumulationWhile the whole world and all of CT seems bearish with sub-40K next, I'm seeing something different. While we may see new lows eventually, we have a nice accumulation on the 4H forming that will probably lead to a short squeeze bounce. The order block around 57K remains untouched since the giant drop with some inefficiencies on the way there. I see it hitting 55K at the very least before any new lows with a decent chance of hitting 56.5-57K.
Long
by zAcHcOmA
4
Polygon Matic testing the last resistance before price discoveryPolygon is in an accumulation phase since the downfall in may 2021. We are finally back up around previous all time high price ranges. Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem. The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet. However, in the long run we only see upwards potential for matic. Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation. This is ok from an inflation standpoint. If we go back around the 2$ level this coin looks like a strong buy. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
MLong
by tumbler55
BTC Update !!!! What's next????A lot is going on with BTC at the moment. A common sentiment in the market is not looking great at the moment, and lots of people are starting to believe that we have already entered the bear market. In my opinion, We are still in the bull cycle. Here is why? Even though this correction was brutal, it is a very similar correction we have seen in May and September. We are still in the uptrend that started end of 2020 (Thick blue line). The market should be considered bearish if BTC breaks below 39-43k Support zone, which sits on top of the bullish trendline like a wall. Similar to May-June, we can see significant accumulation near the strong support (Green boxes) and 200 MA. The important thing to notice are the Yellow boxes shows the long accumulation during the dip. Why I'm still bullish? The current accumulation area (Yellow box) got major bullish confluence indicating a strong bullish signal. We have the strong support of around 39-43k, finding support around Fib 0.786 and bouncing at 200 MA. We have seen twice this year, whenever BTC crosses 200 MA we will see a massive pump follows after accumulation. What's next? BTC is currently stuck inside a bullish falling wedge (please zoom in to see the purple falling wedge) and downtrend (thin blue line). It should see a break out for the market to turn GREEN. This could happen if BTC finds support at fib and 200 MA or Correct even further towards 39-43k range to find major support. Anything is possible until we see some clear confirmation such as - Bullish - BTC pumps from this confluence area and break out of the falling wedge and downtrend line Bearish - BTC dumps below 39k (Next major support is around 36k and 32k) This is not financial advice, please DYOR. Please like and follow to support :)
BITSTAMP:BTCUSD
by CryptoCafeClub
1