Get started

Reaccumulation

USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales.. Its still too early to tell but as we wait lets see whats in store for us
Long
by hakeemb
Bitcoins Distribution vs Re-Accumulation DebateAfter Bitcoins recent decline below key support level of 42K there is a lot of belief that Bitcoin and crypto in general are entering a bear market. With that key loss of 42K and multiple rejections in the assets attempt to recover and commit above that 42K area this argument for bear market holds lots of weight... HOWEVER Are we about to see a dead cat bounce in the form of a rejection off 42K resistance or even an attempt to break above it in the form of an upthrust action and break back down into the 30's and then maybe distribute into the 20's? OR.. Is this an accumulation range and we start to rally back towards all time highs? Here are some reasons why I think this could be accumulative and not distributive and why my bias is telling me UP. Represented here is the 4H timeframe where you can see after the loss of 42K we formed successive lower highs with poor attempts to rally towards the top of the trading range. If you look at the weekly time frame you can see that the area between 29K and 35K are heavily defended by the bulls and time spent in the lower region of our trading range has been reasonably short lived as shown by the demand tails (wicks). One of the laws of Wyckoff "Effort vs Result". Those demand wicks show us that any effort by sellers to push down price has had very little result, this shows us that demand is present in this lower price range of the the trading range. Whilst we were putting in lower highs it seemed as if market participants were sitting on their hands, demand was not revealing itself and showing some bearish signs in the process. We did get a bottom reversal on the last test of the lower trading range support and rallied very well on widespread and higher volume. We broke the lower high trend, pulled back and retested before further advancing the assault to the upper 30's and 40K area. So far there are 3 scenarios. Scenario 1 - The distribution that everyone has been talking about for Bitcoin. If this is the case then we will see further supply into the market and our bounce off 42K resistance will be in the form of a UTAD (Upthrust after distribution) and continue to the downside towards lower 30's and into the 20's. This would be the LPSY (Last point of supply) on our larger time frame ie. daily/weekly. I do not think this is the case Scenario 2 - We have just left Phase C of our accumulation structure and are now entering Phase D. This is very much in play and we have just seen 2 x LPS (Last point of Support) moments where price rallies on high demand, pulls back and continues on towards resistance showing signs of strength. This is very much in play and I beleive we could see an attempt to overcome the 42K area anytime soon. Scenario 3 - We get rejected at 42K resistance, reverse head back down on the slow grind to 30K support and maybe the CO (Composite Operator) will perform a shake out and penetrate support down to around the 27K area in the form of a shake out spring action before re-attempting the rally on even more higher demand than we saw this time and finally breaking 42K and continuing to the upside and the bull run. Re-Accumulation after decline. What is it?? and why do I think we are in it?! Whilst everyone is calling Bitcoin DISTRIBUTION I beleive that is not true and this is a REACCUMULATION AFTER DECLINE. This type of structure is where price shows distributive properties on an intermediate top in an over extended market before declining and then reaccumulatiing at lower levels as one whole structure. This is where people get confused with Wyckoff “patterns” they think that the pattern played out without understanding that if this was a true distribution structure we would see continuation to the downside as institutional operators unload their holdings increasing the levels of supply in the market. This is why I believe we are in reaccumulation period. There is a really great analog from the S&P 500 in 2011 that showed a very similar structure to what we are seeing in Bitcoin now today. You can see this by clicking the link idea in the “Link to Related Ideas” section. This is just an idea, I have done my analysis to the best of my knowledge and ability. Anything can happen although my Scenarios 2 and 3 I have my money on and not the Scenario 1! Its been great shake out of weak hands in an incredibly immature market and I personally beleive that BTC is undervalued here. I have been buying, I think this was a great opportunity. and if I am wrong and we do go down into the 20’s I will be buying more! 

Lets see…
Long
by FX_TWIN
1
Potential Further Upside for ThaiBevPrice broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume). Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum. 1st target level will be at S$0.95 resistance. Stop price at 10D SMA (10 days simple moving average) Disclaimer applies.
SGX:Y92Long
by Brandon_Leu
Expecting Further UpsideExpecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase. Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action. Stock is trading relatively stronger than the broad market (RS above zero), indicating strength in demand for the stock. Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range.
HKEX:700Long
by Brandon_Leu
#Bitcoin Wyckoff Re-Accumulation Scenario Before $100kHi all, I've shared Wyckoff Accumulation scenarios in my previous analysis, but there is another scenario in case the secondary re-test at 30k is successful. That is the re-accumulation. Re-accumulation occurs in long term up trends resulting with continuation. Given we are in a bull market and just in the middle of the bull run, it is more likely to happen than a breakdown below $30k. Currently we have just had a climactic selling action with huge volume, followed by the selling climax as low as $31.111 following a bounce ending at $40.841 which is now the top of our trading range for the re-accumulation period. Automatic rally (AR) will follow down towards $30k and this area will be re-tested. I believe $30k will hold, given the bull market, however if it breaks down my accumulation scenarios come in to play. Notice that even when $30k holds, it will be re-tested multiple times and there will be a beartrap / spring / shakeout moment in the end in order to determine #Bitcoin's readiness to move. We can go down as low as $28.130 within few minutes, with low volume, hunting all stop losses and this will be the start of the new markup / uptrend towards $83k+ by mid August and a new distribution play will begin, topping around $100k So, until the shakeout moment, we will be trading between $40.841 and $31.111 probably hovering around $30.322 and $28.130 as the dip of the shakeout. Wow, what a setup in play! Further reading: school.stockcharts.com
Short
by BitcoinMillio18
18
XRP Has Finally Decoupled From BTC - Next Target $5 Very LikelyToday was very likely the final day for btc correction forming some kind of a W bottom. Looking at the market, everything was red ...except XRP. It was also when, just before the final btc crash xrp pumped 11-15%. It did hold above $1.30 as btc and other market was crashing today. On the chart we can see that the fib. extension has been very well respected in the past 3 months. We can see that after the initial breakout period an abvious crash comes, followed by retrace of price that takes us roughly to a 0.702 - 0.786 level. The final phase is reaccumulation period that usually uncomfortable and boring till that clear breakout comes again. Fib. extension on a 1st of Feb pump and dump took us to a roughly $1.8 - $2 and was very well respected. If we now use the same fib extension over the recent local top and bottom, we get to the same level as 4,236 fib. extension (2nd Feb.- 14th April) would take us, and that is $4.9-$5.3 area. I don't belive that is expected area is the top yet, but it is where we could expect this pattern to repeat itself for the final time (3 phases), before with a breakout to a $8-$10 I am not a financial advisor and non of this should be taken as a financial advise. Be well. BITSTAMP:XRPUSD
BITSTAMP:XRPUSDLong
by AVA37