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Accumulation

UCAD, FROM BEARISH TO BULLISH! Ive been looking at UCAD for quite sometimes, when the Pandemic happened, UCAD flew and went higher and higher, its been more than a year and UCAD had been falling, I believe this is base on different TA and FA. Now, UCAD base on the chart went into an Accumulation phase, the phase lasted for about 42 days, this means that some big players knew and were accumulating. Base on the shorter time frame, we are still very bullish on UCAD. It had made a first re-trace and is now going to its second re-trace, we will see.
Long
by OmaOne
BTC/USD Wyckoff Accumulation?Could we be in the midst of a Wyckoff Basic Scheme of Accumulation #1 on BTC/USD? One should take note that with how the institutions have been vocally entering Bitcoin, the way the crypto charting and trading game is played is changing. BTC may well have started becoming more classically "textbook" and less sporadic in its cycles. If this is the case I would say this Wyckoff Basic Scheme of Accumulation #1 here would very well be a strategy larger tradfi players are now using to attempt to shake out retail or those less experienced than them to accumulate as much BTC and profit as possible before Bitcoin (dare I say?) inevitably begins its move upwards again. It will be interesting to see if this theory has any substance to it. Let me know if you have any questions here so we may both continue our learning processes and help each other grow!
BITSTAMP:BTCUSD
by Hrempe
7
What's happening with Gold?Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch. But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower time frames e.g. The 4H is saying south is the probability. The point is that you gotta pick a trend on a time frame and stick with it, win or lose - just make sure your losses are affordable. So - the 1D time frame is showing a lovely theory of curves (TOC). This usually creates a probability on that time frame only for further movement in the leading edge of the curve (which is for the north). How far? How would I know? I don't own the future. If price falls out of the TOC and continues south on the 2h and 4h, then Gold could be in real trouble. This is also possible because watch the ATR trend switch on the Daily which is sharp and bearish. The 2h and 4h time frames live within it. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
#SKY/BTC : Learning Wyckoff Accumulation Schematic #1 ------------------------------------------------------------------ What is Skycoin? ------------------------------------------------------------------ "Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain. Skycoin’s platform has been billed as 'completely secure, infinitely scalable, and ISP independent' by the project team. Skycoin is focused on security, usability, and ease of use. Skywire, the flagship application of Skycoin, aims to decentralize the internet at the hardware level. Skywire's objectives extend beyond providing decentralized bandwidth - it also aims to offer storage and computation." www.skycoin.com coinmarketcap.com ------------------------------------------------------------------ Skycoin is in a category of Cryptocurrencies called "Web-3", "Web 3.0 is slated to be the new paradigm in web interaction and will mark a fundamental change in how developers create websites, but more importantly, how people interact with those websites." If the Web 3 Category of Cryptocurrencies gets some positive attention or news this would be great for Skycoin also. www.techopedia.com ------------------------------------------------------------------ What is Wyckoff Accumulation? ------------------------------------------------------------------ "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ." ------------------------------------------------------------------ A trading range shows us an equilibrium between buyers and sellers, and the Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure. In this particular example on SKY/BTC : Skycoin we can see the highest volume on record was on the buy side when the price fell below the Horizontal Trading Range, if the price can get back inside this area it may be a good clue that it was a fakeout trapping the sellers below the range, and transferring the wealth from the fear striken to the hands of the patient for the next Mark Up phase. See Wyckoff Links below for further knowledge & reference Schematic of Accumulation, I have also included the schematic on the chart. ------------------------------------------------------------------ Source and more great basic intro information for Wyckoff Method: school.stockcharts.com Current Schematic on Skycoin: school.stockcharts.com ------------------------------------------------------------------ If Skycoin can find support at the 0.000045 area then a strong upside movement to 0.000063-0.000076 is possible, in the case of a Alt Season or continuous Crypto Bull Market even higher prices can be achieved once the Trading Range is claimed again. Thank you for reading, don't forget to follow for more educational ideas and Wyckoff Templates.
SLong
by Worth_The_Ri5k
3
SHORT 🩸 Bearish Flag Chart Pattern, Historic Resistance Area SHORT 🩸 Bearish Flag Chart Pattern, Historic Resistance Area Our previous idea produced +1000% profit : RELATED IDEAS, "Smart Long 🧠 Bullish AI 👾 Machine Learning (ML) Idea ⚙️" Let's see our actual position. BTC/USD BTC /USDT PRICE ACTION HIT POINTS: - Price hit Historic Resistance Area (red area) - We detected Bearish Flag Chart Pattern (red channel's lines) - Momentum is in Bearish Demand Area & Accumulation Zone (inside the red channel) As our purple arrows show, we predict future Price Action to fall back to the Double Support Point where the Historic Support Area (green area) meets the Bearish Flag Channel Support Area (red bottom channel line). From here, the Price will continue accumulation and Range up to the Historic Resistance Area (red area) again.
BITSTAMP:BTCUSDShort
by Elysian_Mind
3
The Simplest Trades... Are the Best OnesLONG BATBTC on breakout. Simple. It's obvious just from a simple glance at the line graph of this chart. No candles needed. A few months from now, when we're at peak bullrun and everything is exploding, you're going to be wishing that you had patterns like this to look at. Out in blue-sky territory, there isn't that much to guide you in terms of when the blow-off top is coming. You will lose sleep. You will possibly get wrecked. Here, take this hint while things are still simple. Accumulate now, or at least trade this breakout. Easy gains. Purple lines = possible points of resistance. But be warned... there is virtually no volume at these points. BATBTC could explode far above these targets. LONG and/or hold BAT, and live stress free this bullrun. That is my advice. I am a financial advisor, but I am not YOUR financial advisor. Stay safe. Everyone has different goals and different mindsets. Do what suits you and your financial situation. And most importantly, have fun. It's a bull market. Gonna be pretty hard to lose unless you bet the house and the car on literal sh*tcoins. :)
Long
by florasora
Point Of No Return!Alright people, are you ready to meet my bull face? I never actually removed my laser eyes anyways :))) There's a bull inside of every bear and vice versa! Let's start with, the bad news: Redistribution is invalidated, no more 20k in the horizon. The rally from 30k has set the end of redistribution scenario which has always been the possibility and this also means the whole time we were in accumulation, just like i first started the analysis of this series. Look at my very first wyckoff accumulation analysis: I didn't even know about redistribution back then and even called this incorrectly as reaccumulation, see how far we come :) Good news is that the structure is now much clear. Especially by the help of my infamous indicator TOTT, which has printed the first buy signal since selling on April 24th. I trust it, because i have been backtesting it for 6 months, maybe more. This is the wake up call for me and I'm pretty confident that we are going up soon. (Last words LOL :) The primary accumulation is ended with the streak leg up and now, we are in a smaller reaccumulation which will take us to the demand side of the newly forming uptrend channel. It will take us till late August to break above 40k and start a new leg up all the way to 60k levels and another reaccumulation to resume the trend towards 80k where the distribution starts playing with the preliminary supply event up until 100k. Let's look at the p&f chart for the accumulation count and price objective Copy this Open4Profit! (The guy who copied my previous p&f analysis and presented as his own. Glad that idea went bust :) To sum up, we are going to 100k in 4 easy steps: Step 1 / 35-41k Reaccumulation / 41-59k Markup Step 2 / 59-65k Reaccumulation / 65-77k Markup Step 3 / 77-83k Reaccumulation / 83-89k Final Markup Step 4 / 89-100k Distribution & Blow Off Top And then you'll have a very big problem on how to spend your money till the next bull cycle :))) It's ofcourse too early to set the boundaries of channel as it has yet to make the down move, but this is the opportunity right now for us to buy the last point of support. THIS WILL BE THE POINT OF NO RETURN! My target entry points are split between these support levels with different asset allocation. 37.300 - Monthly support (May Close) 36.500 - Bottom support of new trading range 35.800 - Additional step between spring and support 35.200 - if a spring type action occurs I see sub 35k highly gone forever Laura. Starts are aligned, limit orders are set, waiting to get filled. If, we don't go down to these levels, i'll buy the breakout anyway. My previous target, the breakout above 41.330 is still valid, BUT if it happens today or too soon before going down first, it would most probably be a trap to shakeout the weak hands. So, if you already bought here, you need to hold on tight and move your stop loss lower around 30k if you don't want to get liquidated. If you want to buy the breakout, wait until this consolidation ends, in the meantime enjoy lower prices whenever you can. That's what i will be doing. I wish we went down further and took the chance, but this bull cycle seems to be a double top scenario like 2013. So here you are, going to the moon :) Best.
Long
by BitcoinMillio18
115
Bitcoin 67k or 8k First?Here's the P&F chart update for Bitcoin after the Amazon FUD. We have a reversal bar to the downside which is bearish, but in order not to become overly bearish, i'm also counting for a possible reversal to the upside for the next column. Ofcourse we should expect a reaction in these reversal bars. In fact the current reversal could be the reaction itself. 30k is the double bottom and 40k is the double top. Crossing these levels could take us further as explained on the chart. I tokk only the last segment of consolidation as they are the first targets. We are still in the sideways trading range and we could break out both ways. There are signs of strength and accumulation, but volume is not supporting this. I'm in short strategy, but i'm posting this as neutral so people don't take action within this trading range by looking at my analysis idea. Be safe.
by BitcoinMillio18
20
Too Good To Be TrueI wasn't expecting this move, but that's what Bitcoin does :) Last time we were at $40k, i sold all my Bitcoin and exited my positions. Even this mega short squeeze didn't reach my exit levels, so i'm still in profit and have more purchasing power. This could change ofcourse and when it does i won't hesitate to go back in. Let's review what we have now; The Bullish Hat: - OMG Amazon is hiring a crypocurrency product lead - Price is up 35% in 6 consecutive days - Price crossed above 50 day MA - Price broke resitance levels 32,36 & 37k - Price crossed above the gray zone of the overbought area The Bearish Hat: - Still in the trading range (30-41.3k) - Below 200 MA (Definition of bear market) - Very low monthly volume - Volume / Price divergence (Volume not following pump) - 89k Bitcoin still net sold on Binance (Volume Profile) - Weekend pump (institutions & wire transfer not working) - Engineered - pumps came on the last 2-3 hours just like previous traps. With all these givens, i have to admit this move wasn't expected. It looks strong, but when you look deeper, you see that this is like a one man show and that is the composite man. Almost all sellers in July got squeezed (Not me LOL) So the whole month looks like a mega short squeeze. So let's zoom out and look at the longer term trends. On the monthly scale, things still don't look good. Heikin Ashi charts are always good at filtering noise on the long term charts. Also look at the volume as we are about to close this month. We still have yet to see a green bar on amonthly scale. Again on the monthly scale, the main trend i've pointed out in my earlier analysis, still showing room for a downward move towards the oversold bottom of channel. And let's talk some indicators as well. Although it's probably not one of yours, but i've spent around 6 months to optimize it, hence the name "Twin Optimized Trend Tracker" This indicator is my headlight and confirmation before i enter any trade and it only had 6 trades since OCT 2018 with a return of 2.371% vs "buy and hold" return of 505% If it turns long, i turn bullish. Simple as that. While i can't predict it's calculation, i think price needs to stay above 37k and move sideways for a week or two and then pump over 42ish for it to print a buy signal. It's pretty much immune to fakeouts but note that 200MA is waiting at 44k! So even if it prints a buy signal at 42ish, a possible pull back from 44k would send us a bit lower which we can't foresee now. Is Re-distribution Invalidated and Are We In Accumulation? I think many of us are frustrated right now, following wyckoff schematics. Although it looks more like accumulation now (with break of the downtrend), I still believe we are in a redistribution simply because volume does not validate this price action and it is one of the main pillars of wyckoff method. Even if this is accumulation, we will still see a higher low possibly at (32.328) and a possible spring. So there's no need to FOMO right now. FOMO buying never ends well. Time to buy was at 29k, but you listened to me and missed it, live with it :))) Disclaimer: I'm short since 40k and i'm posting based on my position, not yours. So just don't FOMO right now. It's really too late for this leg. For a bullish target, assuming this as accumulation (bullish hat) we have 18 columns on P&f chart. This is enough fuel to take us above 90k - if it happens to be accumulation. To sum up, i think this Amazon job listing is as bullshit just like Apple & Facebook buying Bitcoin on their balance sheet. Big boys are powerful, and they can spread these news easily. I'm not going to invest my life savings based on a news that is verified by an unknown "insider". There was litterally little or no demand in July and they decided to pump so hard that everyone will turn bullish which looks like it worked. Best
Short
by BitcoinMillio18
51
NZD CAD Major potential accumulationHey Guys, NZD CAD just came out of an accumulation on the daily timeframe, confirmed by the most recent break of structure, so our overall bias is long. But scoping in on the 1 hr timeframe we can see re-distribution, so we will not enter long yet, instead we will wait for price to go lower, and we MUST see accumulation on lower timeframes to go long, if we don't see an accumulation then very simply we will not be entering any longs. we will wait for the lower timeframes to be aligned with the higher timeframe to enter long. will update through the week.
Long
by Hammoud8721
BTC/USDT Wyckoff accumulation. Heading to Phase D?Last time we covered Bitcoin we introduced the Wyckoff accumulation pattern. The continuation did not follow the exact pattern. We rather saw another so called "Test" below the 30k line and are moving upwards since. Currently we look for a breakout above the 0.5 Fib line and a follow up retest of it as new support. This would give us a good setup to move towards phase D, the consolidation before the final upwards breakout. Bulls are coming back but don't be mistaken it's still a long way to go. What drives the market upwards again? The talk about the B word can be considered bullish news where also potentially Tesla will accept Bitcoin payments again in the near future. The bears were not able to hold BTC constantly below 30k and now it looks like the semtiment swapped. Fundamentally we move towards great updates for Bitcoin, Ethereum and Cardano which cannot be ignored anymore. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Correlation of price movementTHESE ARE TWO THEORIES. THE FIRST IS ACCORIDNG TO WYCKOFF, THE SECONS IS THE DOW THEORY 1) Accumulation begins with the price stopping and the formation of support, followed by the end of sales, the opposite level is gradually formed - resistance and the price goes into a sideways movement. It has a name - Accumulative flat or consolidation. Dow says that it is impossible to trade in flat, this is not a place to trade 2) Consolidation ends when there is an update of the tops and someone from the sides - buyers or sellers, starts winning in the market, but it is quite difficult to break through from the first time and often a large player deceives the players in this way by making a false breakout. 3) Wyckoff's theory mentions retests of the support level, a sequential movement that follows a stop. Assessment of the state of the lower limit of accumulation, after which the market reverses and moves in the opposite direction to the previous movement. The accumulation is exited and the trend is reversed. TREND In essence, a trend is the direction of the predominant movement of indicators. Usually considered in the framework of technical analysis, where the direction of price movement is implied. Charles Dow noted that in an uptrend, the subsequent peak on the chart should be higher than the previous ones, in a downtrend, subsequent downturns on the chart should be lower than the previous ones. There are upward, downward and sideways trends. A trend line is often drawn on the chart, which connects two or more price troughs in an uptrend, and connects two or more price peaks in a downtrend.
Education
by Lingrid
8