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Reaccumulation

Update on gold.Camarilla monthly levels on the 12 hour chart. As you can see 1748 crucial resistance. Breaking that could lead to the upper 1700s quite easily. As you can also see we have some large bearish divergence. Wave trend is minor up. macd is crossed up. OBV is high. PP is getting higher. Oscillator has not much to say here. This area could be redistribution because of where we are. At the same time it could be reaccumulation because of how long we have been here. 2 months in this range. and consolidating in the upper bounds. either way will move hard one way or another Level H4 to break out and then to target H5 and H5. OR if we lose H3 will high probability travel to Pivot and then potential L3 or beyond
FX_IDC:XAUUSD
by Gunslinger2005
1
USOIL BUY from 50% of re-accumulationit was an expected drop from 40. i knew about this from past month about retracement from 40. After rising from zero it made a formation which target was 39.5/40 and after completing the target market always retrace back from the target area. although there was no conformation of sell but when the target complete its obvious that market will retrace back. There is a trading strategy that tells exact point of target at the same time target become a retracement area because of perfection. 32.41 is a perfect touch point for now. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas. Previous ideas
FX:USOILLong
by Aadil1000x
3
EURUSD - Wyckoff and Market PhasesHello Traders ! Today I would like to share with you an addition confirmation why I shorted EURUSD. I used Wyckoff Market Phases Market Phase: - Accumulation Phase: During a bull market, the accumulation phase begins when the informed investors usually enter their positions. - Re-Accumulation Phase: As soon as the price leaves the accumulation phase and the new trend becomes visible, the phase of Re-Accumulation begins. Here, more and more investors are joining the trend and ensuring higher prices - Distribution Phase: We are currently in the Distribution Phase. At this stage, the market is often overbought, although the uninformed traders still believe that more bullish pressure is coming. Afterwards the price will drop . Wyckoff: - This analysis clearly shows Wyckoff Theory. 1) Accumulation: The big players buy carefully 2) Mark Up: classic Up Trend 3) Distribution: Up Trend runs out of the steam and the market goes down or into a sideways trading range. The big players starts shorting the price. 4) Mark Down: classic Down Trend after distribution Proof for Wyckoff: The market is ranging now for a while which clearly proofs the Distribution Phase on GBPJPY . Afterwards of a Distribution the Mark Down is following and the price will drop a lot. I hope you guys could learn something out of it. Very important and nice theory. Thank you and we will see next time - Darius.
Education
by DariusFxTrading
2
BTC & AAPL - Wyckoff Re-AccumulationOverview: Spent a few hours studying recent BTC moves, trying to identify the "right lenses" to view the price action. Incredibly enough, I found a fantastic Wyckoff schematic, that matches: Wyckoff Phase, Price Action, and Volume. Nearly identical. Analysis: Here is the Wyckoff schematic, with matching phases, price action, and volume. I did not have the chance to re-create it in TV, however, please use the following link for reference. d.stockcharts.com Cheers!
GEMINI:BTCUSDLong
by anon541
USDCAD short Exact Explained (Market Phase, Compression, S&D)Hello Traders ! I decided to post USDCAD with an exact explanation. Market Phase: 1) Accumulation Phase - Smart money, experienced traders and institution join the market 2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices. 3) Distribution - Is the origin and the initial phase of a bear market, at this stage, the market is often overbought Compression: It shows us the power of the Supply and Demand Zone. This is is typically a Uptrend or Downtrend till the next Supply or Demand Zone. From there the price will reverse. Let me now in the comment section below your view on USDCAD and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
Short
by DariusFxTrading
8
3-Day Price Action hints at another dropBitcoin has been erratic over Christmas which is unsurprising. However a summary of the Price Action on the 3-day chart points to the possibility of another dip. We have a clear downtrend, a pullback into the 10-20 EMA zone and bearish candles forming over the last 7 days with strong rejections to the upside. We also have convgergence on the MACD and RSI indicators. This is a very valid setup for a short trade and bears looking to ride the trend lower will be watching closely for a break of the previous 3-Day candle. If this level is broken (around $7120 on most exchanges) we will likely see a move further down to support or to re-test the previous lows. That all said, I still think Bitcoin still has all the signs of a re-accumulation phase of a new bull market (see previous post). However this is just a word of caution to not jump the gun as a short term dip to $6500-$6800 before is possible.
BITFINEX:BTCUSDShort
by mastaplan
Bitcoin Bears tiring out?There are many confluent reasons to suggest Bitcoin is in a re-accumulation phase of a new bull market. To set the scene, BTC has been in a clear downtrend and mostly trading below all key Daily EMAs for several months. So this has been a good time to be stacking sats whilst protecting dollars. However, Bitcoin is still finding key support at a 61.8% retrace of its 2019 high, showing significant interest from long term bulls and offering a second opportunity to accumulate at these levels. Last week we also saw bullish RSI divergence for a second time, suggesting sellers are losing steam. However on this occasion BTC did not make it to the base of its long term channel before bouncing, further hinting that a bottom might be in. It's still hard to find reasons to go ultra-bullish right away, but the chart shows many good reasons to be re-accumulating for the long term. It is still unclear what 2019 was really all about for Bitcoin. Was this really the start of a new bull market or merely a bear market rally post the $20k euphoria? We'll probably have to wait until next year to know. Fundamentally however, with the upcoming halvening, increasing scarcity, precious metals breaking bullish and a precarious global economy with spiralling debt, Bitcoin looks pretty compelling right now.
COINBASE:BTCUSDLong
by mastaplan
Whale Reaccumulation Zone?Pattern suggests possible reaccumulation by a handful of whales on Bitfinex, where Longs skyrocket to all time highs on taps to the .618 and .65 retraces of the macro bull run which began back in April. Meanwhile funding rate on Bitmex remains fairly neutral, suggesting the Longs are from Bitfinex only. A long squeeze, if it happens, may not kick in fully unless we break the local low of $6618 (on Bitfinex). I remain short, but finding reasons to be careful.
BITFINEX:BTCUSDShort
by mastaplan
XTZ to show bullish Wyckoff and Elliott Wave Structures Hi everyone and welcome to my analysis. It is once again hype time for many alts and Bitcoin is volatile and thankfully this time a lot of cryptos show finishing accumulation signs. As a start, we can look at XTZUSD to see the beautiful Primary wave I of a larger bullish trend. Alternately, this might be an ABC bullish reaction to the initial downtrend created by XTZ until early 2019. Regardless, the trajectory is upward. In the chart above, you can see the ABC pullback from the 5 wave bullish structure (which might be a wave II or B of an ABC). Now for those who like the extra fine details in EW analysis, this mostly looks likes an WXY double 3. So we have a smaller ABC in the marked W, and X and Y. But in my analysis EW just plays a guiding role in understanding the overall market structure. The point is, you need to see a 3 legged correction that doesn't give back all of the gains. The detailed count does not matter as much, when our trading strategy is defined by the Wyckoff method and not EW. So off to our possible re-accumulation then. We can see the selling climax of wave A falling beautifully at 0.236 Fib level, which is a common pullback level for wave II in EW. Interestingly, the automatic reaction off the selling climax also falls at the 0.618 of the larger bullish trend, which again gives some weight to the analysis. The structure of a trading range usually beings with a stopping action, where due to extra high demand, or extra high supple, the big market players (the composite operator - the CO) would take on a contrarian attitude (phase A). As a result an automatic reaction and a test of the low/high is formed. After the shares change hands, (phase B), a last point of fear or capitulation occurs, when people loose their hopes of the market going up ever (this is similar to Elliott's description of wave II sentiment). Again since the majority is selling at this point, we have CO buying (phase C), which creates a stopping action, absorbs the last of the supply, and creates the final bullish push out of the trading range (phase D) Also, in (re)accumulations, we typically see a diminishing supply up until the phase C capitulation. So all of that in mind, one thing doesn't look right here: We see that after our phase C shakeout, we follow the uptrend with a climactic action, with the largest supply in the range, that signal’s CO’s activity. So why is that so? Are we wrong? Is this a distribution? Of course in the Wyckoff method we tend to focus more on “diagnosing” the market, rather than predicting it. If this current uptrend follows a UTAD formation, then we will shift our view to a bearish one. For now, we need to look for other signs. My hypothesis is that this is due to the hype of altcoins raising again. The market ALWAYS goes opposite to the majority’s expectation (which another way of saying the CO is contrarian). If all of us crypto traders are on a lookout for an upturn in alts, then with the positive signals that we see here, we all jump in to secure our part in the uptrend. What happens next? The CO sells it’s shares to profit from our available liquidity. (also CO here is similar to whales, the concept is the same, only Wyckoff studied them in stocks) So to find better perspectives, we need to look at the BTC cross: Let’s look at it from a EW and traditional charting perspective: Given that we’re looking at correlating markets, we should see some type of similarity between the crosses. One of our hypothesis was that this is a market with an WXY correction, waiting for wave Y to unfold. (or similarly, a wave ABC with C unfolding) In the following screenshot, we can see a similar structure, with a count that makes sense for the narrative: We see the wave A impulse type, a wave B rising triangle with a matching count, and wave C’s inception point. We can also do the following count though: Though here is when it gets interesting: When we look at the market from a systematic Wyckoffian view, We can see the corrective pullback and selling climax similar to the USD cross. From this perspective, we see that we are still missing Phase C of our trading range. As we are going with a bullish view for now, we are looking for a pullback either to the 0.0013 area or the 0.00112 area. Before a sustainable uptrend to form. This point, goes hand in hand with the observation that we had a buying climax in our USD pair, and validates the expectation for a pullback before bullish continuation All in all folks, I believe a successful trader must refrain from predicting the market. Having an expectation or sentiment might be helpful, though it can easily introduce bias into our analysis and cause our updated view to follow too late after the market conditions switch. A great trader, is like a doctor. WE must know what signs in the market signal a specific behavior, and wait for confirmation to validate or reject the idea. So we shall wait for the market to create confirmation or rejection signals for us, and we will update this analysis here as the market unfolds. If you folks enjoyed my analysis, and want to stay up to date with updates, don't forget to follow me. If you have any suggestions and criticisms please let me know in the comments! we are here to empower each other to survive this market! Shayan
by ShayanRastgou
Nasdaq Composite P&F count calls for 10,000 and above!1999 POINT AND FIGURE ANALOG 2,225 count line + (39 boxes*3 reversal*25 box size)=5,150 Actual intraday high reached on March 10, 2000 = 5,132 CURRENT POINT AND FIGURE CHART Campaign segment #1 target: 7,360 count line + (11 boxes*3 reversal *80 box size)=10,000 Campaign Segment #2 Target: 6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232 Box size is defined as 1% of price movement at the time of a consolidation Free PnF charts & Wyckoff Method tutorial here: www.youtube.com www.youtube.com
NASDAQ:IXICLong
by Wyckoff_Analytics
PERFECT WYCKOFF RE-ACCUMULATION - JB HI-FI (JBH:ASX)By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw the price reach $26. If you look closely at the volume each leg higher of the automatic rally, the volume was getting lighter. Suggesting the rally was weakening. Price completed Phase A of the re-accumulation with a secondary test. Note the volume was certainly getting less. Phase A of the process halts the downside movement of the stock. Throughout Phase B we see the volatility in the stock with swings to $30 and back to $22. What is key though is as we move through phase B, the moves to the downside and those large volume spikes are getting lighter each time. We are starting to see a transfer of stock from weak hands to strong hands. In January 2019, we see the first break of the selling climax in 18 months. Look at the lack of volume once it breaks. It's a break of a significant level yet there is no selling evident. The price jumps straight back above it and moves away from the danger area. The volume builds. We have seen our confirmed spring. Late February we retest the selling climax area, and price holds, showing strength in the stock. This is the first area of the phases that we look to take trades. It is the lowest risk area with your stop below the spring. Take notice of how the retest of the selling climax is also a retest of the supply line of the smaller downward trend channel formed in phase B. Phase C of the process is complete. Price moves away on strong demand and we are now in phase D. Now we notice that pullbacks are on very light volume. The professionals will not bring the price back down and give buyers the chance to get the price cheaper, there going to have to bid this up. We see a sign of strength as the price breaks the top of the trading range on a strong move. Price dips once more below the trading range to shake out any weak holders and phase E begins. We now have our last point of support and the stock is ready for mark up. We see a back up to the creek of only a few days and then price takes off after good news from earnings which always seems to be the case when the stock is in strong hands. We are now seeing the volume getting lighter as we move higher which isn't a bad thing as we now have strength in the background and supply has to show itself. If it doesn't the stock will continue to grind higher. If we do see supply come in in the near future, the stock may form a smaller trading range before moving higher again. The Point & Figure chart suggests that there is enough cause to move the stock to the $42 level.
ASX:JBHLong
by AussieWyckoff
BTCUSD H4 chart (7/26/2019)Good morning, traders. Price didn't close out the daily as strong as it started it, yesterday, but before you get too bearish let's take a look at the H4 picture. Stripping out most of the noise, this is what we get -- price nearing daily descending resistance while printing a possible descending wedge. We can see supply volume contracting significantly as this TR has developed (other than the one outlier volume bar ten days ago which was needed to push price below that local swing low) while demand volume has continued to expand. The lows are printing a much less steep decline than the highs which tells us that demand is showing up and increasing, which is what the demand volume expansion tells us as well. RSI is nearing its resistance and Stoch RSI is targeting a bullish cross if we can see price move to the upside in the next two hours. I would expect to see a strong demand candle print on price's break through that daily descending resistance. I have noted a possible double bottom printing, but this won't be confirmed until price closes above the swing high between the lows. This would have price targeting the $10840 level in the short-term, taking price above the H4 pivot, with a possible larger target of the $13800+ swing high that was set a month ago. Further downside movement would have me watching the S1 pivot followed by the descending support line for the bounce. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSDLong
by Chris_Inks
3
XBTUSD 1H chart (7/19/2019)Good morning, traders. It seems that right as I got yesterday's update out Bitcoin popped for $1000+. It caught a lot of traders by surprised, but not our premium Discord members. We had already been discussing entries that morning and many of them got in right before it popped. Price topped out about $70 above my expectation and has now retraced almost perfectly to where I expected. But that doesn't mean price is done correcting yet. Currently, it is consolidating around the M15 pivot/3+ week blue TR support but it has not tested previous resistance ($10000) that it popped through yesterday as support. It does not have to test it as such, but I wouldn't be surprised if it did. For those interested in Fib levels, this morning's swing low was the 38.2% retracement of what is believed to be wave 3. So, as a wave 4, the retracement is spot-on to what we should generally expect. I see a lot of folks calling for lower lows now, but I would not be so quick to jump in just yet. There is no confirmation of any kind of large continuation down. As a matter of fact, price is doing exactly what you should expect (i.e. consolidating at the resistance of the large TF TR after printing a Spring. The 1H price continues to use the bottom of the large TF TR as support and the 21 EMA as resistance. Stoch RSI remains oversold but is attempting to push out of that level. Generally, based on the first 3 waves, we would expect wave 5 to target the green box just below the red 2018 TR resistance. However, I have a feeling that if price continues higher then it will likely overextend wave 5 which should give us a target of the orange box between the R1 pivot and the top of the blue TR. Along the way, we can expect resistance at the pivot. The 4H TF shows us bearish divergence on RSI which is currently playing out. How badly will it continue to do so? Nobody can know that, but so far we see price finding support on the 21 EMA and the blue TR support. RSI broke through both resistances, so after this bear div plays out there isn't a lot to keep it in check until it becomes overbought. Stoch RSI is overbought and trending down which gives it enough room to support a wave 5 movement as outlined above. For those interested, the swing high on Bitmex yesterday was a TD 9 on the 4H. This bear div can also be found on the 6H TF. If you make this chart yours and zoom to the 6H you will see that price has really done nothing more than bounce from the bottom of the flag to the flag's EQ. We usually expect a pullback at that point before price pushes through that resistance and that is what we are currently seeing. I have also noted a possible inverted head and shoulders that may be printing. To be valid, we need to see price push through the descending black neckline with expanding volume and increasing candle spread. Based on the height of the IHS, that would provide a target of the orange box. Those traders who are more risk adverse could wait for 6H RSI to close above its resistance before entering. As always, this never guarantees price will continue higher, but it eliminates a lot of risk associated with entry. Let's not forget that price recently moved above the large descending channel resistance and providing a target of the green box. Also, daily just printed a large hidden bullish divergence as RSI closed above its resistance that has been in place since the ~$14000 swing high. As such, it amazes me that traders are so gosh darn sure that price is heading lower from here. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
BITMEX:BTCUSD.PLong
by Chris_Inks
XBTUSD 4H chart (7/18/2019)Good morning, traders. We saw decent movement yesterday follow by rejection at the $10000 level (supply zone as noted on this 4H chart). Price has retraced following that rejection and is potentially finding support in the larger daily grey demand block once more. The 4H RSI is resting previous resistance as support and I have added the next level of resistance that it needs to get through as well if we can see a bounce here. We can see that the previous swing low bounced off the 4H S1 pivot. Follow through to the topside would suggest bullishness with the pivot at $11180 on Bitmex being the target. A close above that pivot should have traders watching the R1 pivot at $12280, just below the TR resistance. The M15 TF printed bullish divergence as price is completing a small descending wedge. That should have price targeting the M15 pivot around $9585. A close above that pivot has a price target of the R1 pivot at $1090 which should also have price attempting to get through the descending channel resistance. As mentioned yesterday, price closing above the descending channel resistance has price targeting ~$1500 above that exit point. As always, the safest bet is to wait for price to close above the descending channel resistance before entering long. Supply volume continues to drop, especially notable on the 4H and higher TFs, suggesting that there is a lack of interest in selling at these levels -- that traders would rather hold onto their supply. Traders should remain cautious until price closes above that channel resistance. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
BITMEX:BTCUSD.PLong
by Chris_Inks
6
XBTUSD 1H chart (7/17/2019)Good morning, traders. So far, we are seeing price play out its part perfectly. After the triangle failed yesterday, we immediately went into flag mode which I described in yesterday's TV update and YouTube video update. As a matter of fact, price reacted exactly as I outlined it would if it took that path. I gave our premium Discord members a target of $9050-$9100 which is where price has bounced this morning. We now have multiple bullish engulfing candles possibly printing across various TFs. The 1H RSI printed bullish divergence in oversold prior to this pop up. We can see that RSI is above its resistance now, as well, while Stoch RSI is nearing a bullish cross. Price bounced off the S1 pivot and the descending broadening wedge resistance is less than a stone's throw away. A break above that should put ~$9900 in play. That will bring price back up to the 3 week TR support and descending channel resistance. A break above that resistance should put the next target at $1500 above the point of breach. If you zoom out to the 4H, you will see RSI nearing its own resistance while just now pushing above oversold. Stoch RSI on the 4H TF is attempting to push out of oversold as well. These indicators have a long way to run now, so price has a potentially clear path much higher on this TF. Price is on the path to potentially printing a bullish engulfing candle on this TF as well. Zooming out further, to the 12H TF, shows price printing a bullish engulfing candle (but there's another 11 hours left til candle close) so far. We can see two levels of RSI resistance noted with RSI recently bouncing just above oversold and currently nearing the lower resistance. Stoch RSI is oversold and attempting to curl up. You can clearly see the declining volume across the past 3 weeks on this TF which signals supply exhaustion, indicating that we should be headed up in the larger picture, not down. We have the potential to print a very bullish daily candle. I have, once again, outlined the current TR (dark blue horizontal lines) as it appears to be reaccumulation. The 1D RSI is potentially printing that hidden bullish divergence I've been talking about for a few days now. Watch for RSI to break through its resistance. Stoch RSI is bottomed out, flat, as well. Price has printed the flag support at this time. I have previously discussed targets based on the pennant or flag successfully printing, but I will mention them again as price nears the flag resistance. Failure of price to overcome the descending broadening wedge resistance, descending channel resistance, 4H pivot, or the various TF RSI resistances noted above should result in much more caution amongst traders. While I do not expect there to be any issues, and I see price having little-to-no trouble reaching the top of the TR, we have to always be prepared for things not going our expected way. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
BITMEX:BTCUSD.PLong
by Chris_Inks
2