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Wychoff

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
BTC Wychoff distribution on the weeklyInspired by the Wychoff analysis by Uncomplication and the theory of lengthing cycles by Benjamin Cowen, both excelent youtubers. A few days ago when I was zooming out to look at the weekly BTC trend noticed that this might be the start of a Wychoff accumulation cycle but on a way more long term then we have seen before. Now I am no trader or technical analyst so this is just a simple drawing of what I think a long term accumulation could look like as shown in a lot of examples. I'll be keeping a eye out to see if I might have found something or we just rocket to 200k and don't look back. This idea is definitely not a price prediction it might do the same but way higher or just be complete nonsens in the end. We will just have to wait for a few years to see how wrong I was.
by Spartan-
3