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BTC Wyckoff Accumulation Schematic #1 study 27/7/21A study of Wyckoff Accumulation Schematic #1 and comparison to previous distribution. It is possible that we have entered Phase D of a Wyckoff accumulation - an upthrust following a successful test of the spring from 28.7k (confirmed higher low on lower volume). We may now look for signs of an LPS/BU. The current move from the test somewhat mirrors 14th - 18th April from the ATH. There have been 3 tests of the RSI extremes on both the accumulation, and looking at the RSI, this is the first time we've managed to reach overbought levels since hanging to the lows. There has been a high level of liquidations during this move upwards, similar to the move down from ATH - this is a sign of strength. Time duration from PSY to mark down has been overlaid onto the current accumulation for comparison, and as a general target for what would be healthy following an ATH. Not to say that an immediate break up wouldn't be great, however the longer we stay in accumulation, the higher the probability of a larger move to follow. What we would like to see (and/or): DXY to breakdown from current local top, or two stay sideways without printing a higher high. A break up of 40k to test the AR and potentially work on an SOS. A range between 37.5 - 40k, with the lower bound holding as support and gaining strength for a push to the AR (likely good for alts). A bounce from 35 - 35.5k to confirm an LPS. RSI to hold and trend above 50. Volume to keep increasing. What we don't want to see: DXY to break up and make a higher high (from the current area, it would represent a structural change to direction and continuation of it's run). A breakdown from the 35 - 35.5k area. This would be a sign of weakness and builds towards invalidation of the schematic - caution should be used. RSI lower than 50 or reaching back to oversold would not be ideal. On-chain metrics still relatively bullish, with ongoing negative funding rates and BTC currently leaving exchanges. Fear/greed index also seems to be bouncing of it's lows.
BITSTAMP:BTCUSD
by fvideira
4
DXY - Wyckoff Market Cycle Theory!Hello TradingView Family, this is Rich and I found DXY H4 chart interesting, following the famous/great Wyckoff Cycle as per Richard Wyckoff. First, What is Wyckoff Cycle? - Accumulation Phase The Accumulation stage is caused by increased institutional demand. Bulls are slowly gaining power and as a result, they are poised to push prices higher. - Markup Phase Bulls gain enough power to push the price through the upper level of the range. This is usually a signal that the price is entering the second stage and that a bullish trend is emerging on the chart. - Distribution Phase This phase is where the bears are attempting to regain authority over the market. The price action on the chart at this stage is flat, just like the Accumulation phase. - Markdown Phase The Markdown process comes as a downtrend and begins after the Distribution phase. It indicates that the bears have gained enough power to push the market downward. on DXY, the cycle phases are highlighted in the picture. In brief, we are now in the Distribution phase and we are waiting for a breakout below the last low for the bears to take over and the Markdown phase to start. Meanwhile, until the bears take over, DXY would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
15
My JB MA CHANNEL INDICATORWe all know that moving averages, in particular, moving averages of closing prices tend to be highly inaccurate indicators and frequently miss major tops and bottoms. In backtesting, they tend to be accurate some 30 to 40% of the time which is to my way of thinking unacceptable. On the contrary moving averages of opens versus closes for highs versus lows, when used properly avoid the drawbacks of closing moving averages, particularly when combined with a trigger. Shown above is my moving average channel method which uses the 57 SMA of Williams accumulation distribution as a setup or trigger. As shown by the arrows two consecutive price bars completely below the MA channel low and triggered by Williams below SMA constitutes a sell signal. Conversely, two consecutive price bars or more above the moving average channel high accompanied by Williams above its moving average constitutes a sell trigger. The moving average channel high, the red line is a 10 period Moving average of highs. The Moving average channel low, the green line is an 8 period Moving average of the low. There are at least a dozen applications of this methodology including its ability to spot trend changes, support, resistance, swing trades, market strength, market weakness, and more. I will post some of these additional uses of the moving average channel as they present themselves. Do note that in this chart there were two instances above the moving average channel high but these were not triggered by Williams AD and therefore the trend remains down for the duration of this chart. The methodology associated with my MAC is completely rules-based and works in any timeframe. Thank you my friend Larry Williams for developing your excellent version of accumulation distribution. Thank you Dan Wall here on TV for your brilliant coding of my work. Jake Bernstein (RBT rules-based trader) www.jakebernstein.com PS to see the MAC in a bull market take a look at a daily chart of Netflix (NFLX)
NYSE:GOLD
by rulesbasedtrader
USD/CAD DISTRIBUTION SCHEMATICS!Hello my beauties. I think USD/CAD is in a phase of distribution, right before a powerful markdown. Check my previous analysis, we had predicted the moves that happened and we were expecting a retest of resistance before melting further down below the red line, that defines the trading range, according to the Wyckoff schematics of distribution. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Short
by TrickleDownFX
MODERNA POSSIBLE DISTRIBUTION!Hello my beauties. I think MRNA has entered a distribution range, as the ST (second test) seemed to be pretty weak, and the price is now showing weakness below the trading range. We are going to wait for further developments in price action and eventually take a trade on the final LPSY. For those of you who like trading ranges, this might be a juicy opportunity. Watch for the creation of an UT (upthrust) and an UTAD (upthrust after distribution) before you take your trade. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:MRNAShort
by TrickleDownFX
3
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties. We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NYSE:HPEShort
by TrickleDownFX
AMAZON distribution schematics!Hello my beauties. I see a distribution schematic travelling towards completion on amazon. If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:AMZNShort
by TrickleDownFX
APPLE DISTRIBUTION SCHEMATICS!Hello my beauties. Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:AAPLShort
by TrickleDownFX
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties. I think UsOil is showing signs of distribution on a 1hr timeframe. This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
Dow Inc Showing Classic Wyckoff DistributionAmazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2. ------------------------------------------------------------------ What is a Trading Range? ------------------------------------------------------------------ In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply or Demand of the asset before starting a major campaign. ------------------------------------------------------------------ What is Wyckoff Method? ------------------------------------------------------------------ "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 ." Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure. In a Distribution Trading Range two of the key characteristics are the UTAD (Upwards Thrust & Distribution) above the Trading Range, and the SoW's Signs Of Weakness's with strong volume at the bottom end of the range. ------------------------------------------------------------------ Further Reading ------------------------------------------------------------------ For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners. school.stockcharts.com For Distribution Schematic #2 for comparison: school.stockcharts.com ------------------------------------------------------------------ If you found the idea informative & insightful then share the love with a like & comment, thank you!
NYSE:DOWShort
by Worth_The_Ri5k
5
$DJI Undergoing Wyckoff Distribution?Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com Additionally, this same schematic took place in bitcoin not too long ago. See my related ideas below for the visual. It unfortunately played out to a "T". Could it be happening again here? If so, be very careful with *any* longs.
TVC:DJIShort
by Crypt0Jack
Bitcoin update 21/09/202121/09/2021 Currently trading on 42 700 USD. After Sunday - Monday crash bitcoin falled from 48 800 USD to 40 000 USD. Many traders were liquidated. Reasons for crash 1) Volume in market is very low. 2) China FUD - Evergrande company has some problems and all stocks falled down. 3) Stocks are on the tops and market is very tricky. 4) In market are many speculants and gamblers with high leverage positions and without any experince. Next scenario for BTC 1) sideways range between 42 - 48k till the break of orange trendline and road to new ATH. Target is around 100-120K USD. Green scenario - Important points - Daily close not below 38k (with body), Weekly candle not below EMA21 2) Distribution between 35 - 40k and then break down. - daily close below 38k Presonaly I am still bullish, bcs support on 40k is very strong and it is more easier to go up from this support then go down trough this support. Market cap USDT after every correction grows. It means money still stay in cryptomarket and are ready for buy.
Long
by UltimateCryptoTrader
2
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly. Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it. For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this. For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
by keyboardcruiser
8