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BTC/USD Wykoff AccumilationUsing the Wykoff theory there we have completed Phase A moving into Phase B. Key Terms in Phase A PS – preliminary support, after prolong down-move the buying begins and you can see the stock bounces with some higher volume. It shows the stock is approaching the bottom. SC – selling climax, panic selling by the public and it is being absorbed by larger professional operators. Normally it comes with bad news and usually appears with high volume. AR – automatic rally, after the selling pressure has diminished and the buying pushes the price up. ST – secondary test, the retest of previous SC. Usually the volume is low and large operators are testing the SC price. Phase B we can expect that the lower levels of support will be tested with a dip down to the lower 30s before the spring in Phase C which is the final test by the large operators to make sure the available supply is absorbed before the markup. It is also the best time for short term traders to enter the trade (If moment is strong we will stay above the upper support). Followed by a test of support not returning down to the previous dip. At this point we will move into Phase D last point of support (LPS), the stock pullback to test the support with the volume diminished. This will lead us into The sign of strength (SOS), the stock rallies with high volume and shows the stock is preparing for the next rally. Sometimes it looks like pennant or flag which we lead us to the promise land..... ***note I assume the upper resistance will be around 49k (200EMA) with the about of sells(asks) at this price "Mannnnnn I hope Richard Wyckoff knew what he was doing" -KewlKat
BITMEX:BTCUSD.P
by kewlkat
1
XAUUSD (Gold) Make Or Break It Week AheadHello Trader, please see my idea on Gold. We are currently sitting on a strong support, which is made out of a longterm trend line + a Fibonacci Extension target of 0.618. This target is the minimum requirement to be met in order to force the next impulsive from bullish side. However, I think that we might break this triangle to the downside first in order to grab bearish liquidity, because a lot of traders will enter short on such a confirmation. This might be a good chance for institutional traders to grab the liquidity they need in order to send Gold to new All Time Highs. This is no financial advice. RT
OANDA:XAUUSDLong
by RT_Trading_
1
Ocugen $OCGN - The Roulette TheoryHere is an example of the "Roulette Theory" that I have created by myself. The Roulette Theory is very simple, it is a theory that works on the probability of the candle colours. When a roulette table spins, you have 3 options, Red, Black and Green ( ZERO). The probability of have many REDs is much lower than having more equal amounts of RED and Black. When a Roulette table has many REDs, it is in your favour mathematically and statistically to bet that a different colour appears. The same principal is used here in the "Roulette Theory". The Roulette Theory was created by Missed A Million in 2013 and has a high probability of success. In order to be most effective, the last candle close must be a spinning top doji (Cross Shaped) in the same colour as all other candlesticks.
NASDAQ:OCGNLong
by missedamillion
2
XRP peak based on the Expanding Cycle Theory 2022As many of you know I am now considering that we may have a possible change in the bull cycle pattern. I have always believed in the typical 4-year cycle pattern for the Bitcoin peak based on the 4-year halving but now I am starting to lean on this possible new theory. If you look up Nicholas Merten (youtube channel called Datadash), he explains this theory with actual numbers and key top metrics to give you a possible outcome on an extended bull run well into 2022. I am including an ascending channel that XRP is respecting with an obvious support line at bottom of this channel. You will also see a top part of this channel that if we touch will give XRP a value of approximately $349.00. Please take note I am using a fractal from the 2013 bull run when XRP went from $0.005 all the way past $3 which shows a staggering 52,000% increase in price. If we take this and calculate at the present low in the bottom of this channel and take it to the top with the same percentage of 52k% gain then we will see a possible $349 XRP price for the end of the bull cycle 2022. Please note that this will be greatly influenced by the completion of this SEC trial that Ripple is currently going through right now. Never invest what you are not willing to lose.
Long
by altcoinb
15
NZDJPY Long Entry IdeaPer myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00, a nice whole number price. However, right below price is a large 4h imbalance inside of a 1D imbalance, where 50% of each imbalance lies right around 79.50, a nice half level. This area is also around the 50% retracement of the recent bull run if you apply a fib. My TP1 is the 4h imbalance that hasn't been filled, which is right around 81.5, another half level. Since this imbalance didn't break the previous short term market structure, I think price is likely to surpass this imbalance. Hence, my TP2 is targeting last month's highs at 82.5, another half level. A triple top formed right below last month's highs, providing liquidity for price to go to last month's highs, making it a likely target in my opinion.
Long
by NotFrank247
CADJPY Long Entry IdeaPer myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h imbalance. Plenty of places to trim along the way. Notice how the orderblocks and imbalances I marked up either start at, or have 50% levels around whole 25 pip values (quarters theory)
Long
by NotFrank247
6
How to Elliot Wave - Based on XAUUSD (Gold) - By RT_Trading_Hi Trader, My name is Raffa and I am one of the two members of RT-Trading. We are a very passioned trading duo and our main goal is to change the trading market, at least when it comes to working with the future customer. Lately the reputation of trading coaches has suffered tremendously due to bad signal groups. That is exactly what we want to change. We also provide signals in our group, but only when we are sure of our cause. Still, our primary goal is to teach future traders to make their own decisions based on their expertise. We want to bring this expertise closer to you step by step. Today we want to start exactly with that. My trading expertise is based on one of the oldest charting techniques that exists alongside the Dow theory - The Elliot Wave Theory. The Elliot Wave Theory was founded by R. N. Elliot in 1934 and today represents one of the most important milestones in chart analysis. Elliot found that the markets move in repetitive patterns that are characterized by waves. These waves happen everywhere. Be it in the commodity, stocks or forex market - they are ubiquitous. This tutorial is intended to bring you closer to the Elliot Wave theory using the current Gold ( XAUUSD ) chart, so that you can successfully incorporate it into your trading. If you have any questions in this regard (since not all rules can logically be covered by a chart), don't be afraid to write us a private message. So, let's get started. First of all, I would like to clarify why I use the gold chart to bring you closer to the Elliot Wave theory. R. N. Elliot has done most of his research on the Dow Jones Index and the Gold Chart. So the Elliot Wave Theory, at least in my experience, is optimal to apply to these charts. But it also works with Bitcoin , for example. The EW theory is a theory that is applied to the trend of the market. A distinction is made between bull and bear markets. It works identically in both cases, except that the chart is inverted. A distinction is made between motif and correction waves. Motive waves consist of a total of 5 waves, which differ in waves 1-5. Correctional waves are waves that occur after the success of the 5 previous motive waves. For the waves 1-5 a distinction is again made between wave 1, 3, 5 and wave 2 and 4. As you can see in the chart, waves 2 and 4 are corrective waves of motive waves 1, 3 and 5. The Fibonacci number sequence plays here an extremely important role. Fibonacci retracements and Fibonacci extensions are essential when it comes to calculating the exact impact of individual waves. Therefore, I ask you to deal with it on our YouTube channel. As you can see, each impulsive wave consists of 5 more inner waves - also a rule by Elliot to help you explain your count as correct. Wave 2, on the other hand, consists of the correctional waves A, B and C, which in most cases form a zigzag and require a retracement of at least 50% of wave 1. Let's continue with wave 3. The basic rule is that wave 3 must never be the shortest wave - NEVER! This rule is essential to properly applying this theory, so burn it into your mind. Wave 4, on the other hand, normally retraces 38% of wave 3, but never more than 50% and it must not touch wave 1 - except in a diagonal. We'll talk about the special diagonal shape in a moment. What also often happens when it comes to wave 4 is that it usually forms a triangle that consists of a total of 5 inner waves. They are identified as waves ABCDE. Now we come to the last wave of the bull market - wave 5. It can often be the longest in commodities , which means that a long entry at the bottom of wave 4 at around 38% is the most money-making swing trade. Now we have a special case of wave 5. Wave 5 has formed a diagonal that allows wave 4 to touch the top of wave 1. Furthermore, a diagonal is characterized in that wave 1 is the longest and each subsequent wave is shorter than the last. So here too, wave 1 is the longest, but 3 is never the shortest. If you had recognized this diagonal early enough, you would have been able to place the first short entries and have achieved an enormous swing trade with regard to the correctional waves ABC . Now we come to the end. Corrective waves ABC . The waves ABC can also consist of 5 inner waves, but this is not a must. They can also consist of waves ABC or, as here, the special case WXY, which was formed in wave B. Wave WXY is nothing more than a double zag. As you can see, every single wave (i.e. W, X and Y) consists of another zigzag . That was it. What is really interesting for us in this case is the landing of wave A and wave C. The following applies: Always pay attention to the inner wave formation of the individual waves. In this way you can see when a wave has reached its end or whether another wave is missing. Typically, wave A retraced between 38% and 50% of the total movement of waves 1-5. Wave B, on the other hand, retraces at least 50% of wave A and wave C assumes the extension of wave A. We measure the low point of wave A and pull the Fibonacci extension to the high point of wave B and thus get the end point of wave C. The end point of wave C can be either the 62%, 100% or 162% extension of wave A. . On this chart, wave C has bottomed at 162% percent. At this point, for example, we went long and gave our members this signal - which I find extremely successful That was it. That's the Elliot Wave Theory. We went through a complete cycle of wave 1-C and now expect a new bullish cycle that starts again with wave 1. Here you have the chance to apply your knowledge to the gold market and see whether the market is formed on this knowledge. I can say from my experience that the Elliot Wave Theory has changed my view of the market tremendously and has allowed me to become a successful trader. For me it is clearly the key to success. Dear trader, if you enjoyed the tutorial, I would be happy if you liked your site. You would support us enormously with it. RL from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
2
21/09/20 - Gold (XAUUSD) Still holding my longs - by RT_Trading_Hi Traders, As you can see, gold has found its way back to my entry. I honestly did not expect such a deep correction of the inner wave 2. However, that does not mean that a 90% correction of wave 2 is not possible. As we have not made a new low, I am confident that we will hit new highs above the 1767 level in the coming week. Why am I sticking to my bullish count? 1. The Double-Zig-Zag WXY consists of three waves each. 2. Wave Y corresponds to an 1.618 extension. From this point on, sell orders were triggered. C can extend a maximum of 1,618. 3. Wave 5 of C corresponds to an extension of 2,618. All of these points only let me infer the bullish count. I think Monday should tell us whether I'm right or not. If my SL will be hit, my count is due anyway and we are definitely in wave 4 or already in wave 5 of C, which would invalidate my analysis. If this is the case , I will provide you with a new analysis that will reflect the optimal entry point for wave 1. I wish you all the best for the coming week. If you have any questions, feel free to write us a DM. We are happy to answer them. This is not financial advice. RL from RT_Trading
OANDA:XAUUSDLong
by RT_Trading_
[WYCKOFF] Upside to BTC?Hi! As my first ever post on TW I would like to share an update to the prediction of the BTC price movement in the short-mid term using the wyckoff method. At first I will be showing you a drawing of the current BTC graph with the wyckoff theory visualised on top. Then I will show two images, At first, "The accumulation #1 schematic", followed by a list of terms explained. Finally I would like you guys to look at this comparison for yourself without too much bias wether you are a bull or bear. Personally I would like to be bearish at a time like this if history repeats, but can't help but take this consideration facual. I have to go to bed now, but hopefully this gained you some valuable information for your own research. I will be happy to answer your opinions on this Idea! Happy trading :)
Long
by Kidkong
9