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Wychoff

ETHUSD following Wychoff DistributionBeen watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see: - Small retrace to the 50 MA around our entry (Orange) - Retest $110 and find support on the 128 MA (Red) - Target $115 for the 200 MA (Purple) Entry: $105 - $106 Target 1: $110 Target 2: $150 Stoploss: $102.9 Watch the fibonacci levels! (Green) Prices are taken from Bitstamp, adjust accordingly on your exchange.
BITSTAMP:ETHUSDLong
by smallbigfish
BCHSV UptrendHi friends! Welcome to Poop's Wyckoff Analysis on $BCHSV. BCHSV is showing signs of a textbook Wyckoff Reaccumulation. What we have seen so far? -There was a pause on a prior uptrend. The prior uptrend was backed by strong volume. -There was a case build for a new uptrend, a 6 weeks of consolidation within the re-accumulation trading range. -RSI divergence supports this observation. The bullish trend is about to resume. The projected move is around 90% from its current price level. That's it friends, I looking forward for your comments on this . This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Wychoff Poop Trader
Long
by PoopTrader
9
Komodo ($KMD) Wyckoff Accumulation AnalysisHi friends! Welcome to Poop's Wyckoff Analysis on Komodo. Ever since I learned about Wyckoff Method, I began to include it in my trend trading strategy for the simple reason that it is among the best tools a trend trade could use to spot bottoms and top formation. Today I'm showing you how it looks on $KMD Chart and hopefully aid you in your trading. $KMD is on a slight variation Wyckoff Schematic -2, That looks like a broadening wedge bottom, specifically its already at its Phase D on Wyckoff Events and Phases. It of began to show signs of forming accumulation on an broadening wedge bottom on Aug 22 last year specifically on the Secondary Test on wyckoff events after a correction from the point of Automatic Rally . This is the point where I began to follow its progress. Currently, it is sitting at the Back UP or the Last Point of Supply after it has corrected from its recent top which was a Sign of Strength in the Wychoff Events. This point is coincides with the end of wave 2 (Elliot Wave Count) a buy opportunity to take advantage of the trend reversal which could potentially give us a 70% mark up . After this target it will likely have a correction that could likely bounce at a resistance turned support (Upper blue line). This will be our second buy opportunity that can give us a target of 65% move . The entire projected move is around 150% from its current price level. That's it friends, I looking forward for your comments on this analysis. A definition of terms on the labels included in the chart is at the bottom, for your appreciation. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Wychoff Poop Trader Definition of Terms Included in the chart label: PS—preliminary support , where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax , the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally , which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test , in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Test— Large operators always test the market for supply throughout a TR and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS —sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS —last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—”back-up” . This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Long
by PoopTrader
6
Phase Changes & Events So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up at one point - I think I should share it with you I hope you feel the same way. I hope you learned something with me!
COINBASE:BTCUSD
by blessmywork
5
DASH/BTC WychoffDASH/BTC is trending downwards . I project a support and accumulation zone being hit at .6187 From this point I expect a three wave support test, and a subsequent bounce upward with volume towards the resistance cloud. At the .765 mark I expect us to see a three wave test, and move up further into the resistance cloud before distribution takes over and we see a small, low volume turn. This appears to be a clean buy opportunity in a Wychoff "D" phase. Also notable is the clear Elliot Wave progression at this time - but that will be another subject another time, as we're working on Wychoff phases for now.
Long
by blessmywork
2
Is TRX finally making the pushTRX is on the rise after some news on Cryptodoggies coming out today, we have some signals that we have moved on from the accumlulaton phase (Wyckoff Method) and has moved on to the testing of resistance phase, with some luck we will see a small drop back to support before lifting off again, dependant on volume and those pyschological barriers. Is there still enough support behind #TRX or has the long corrective phase lost momentum? We will soon see. Please, I do these to log my learning journey and am in no way advocating you invest any amount on these charts, I am not a financial advisor or by any means an Anylictal Expert. Do your own research. Investopedia and Trading View has a large collection of educational material for free, also check out some of the OG's with Market Wizards Collection of Books. Troy
Long
by TroyByrne
2
BTC's Upward PressureThis is a longer term look at BTC's upward pressure. After being forced to recount my Elliot Wave's from the former "idea" (short term look) I am forced to go back to the drawing board, find the larger waves, and thats what we are looking at here. I don't see BTC making the fall to 8k, 9k, or 10k, that so many have talked about. It is on its way upward. I'll break down smaller waves after getting this published, but for now this long term look is important. I've looked at multiple different cycle looks, volume indicators, even the RSI (seen here) and there really isn't any indicator that tells me BTC is facing any downward pressure at this point. I'm a believer that the long term correction is over. What is the new trend? From what I can tell, its upward again. This channel looks too sharp to me, and I have a hard time buying it... but this is the chart. This is the math, and the TA and BTC has shown me steep slopes before. I hope we all enjoy the peak!
COINBASE:BTCUSDLong
by blessmywork
2