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Wyckoff

Wyckoff DistributionMy assessment of the current consolidation pattern for the S&P 500. 15 minute chart so just under the limit for publication so this will pan out fast. Buying climax occurring on higher volume and subsequent rallies on lower volume. UTAD is testing demand and looks like there was a wide range price bar with low volume which may be signaling that demand is weakening. If price reaches lower support lines then higher probability price will continue to go down. If price breaks above resistance then likely see another peak rally. Wave count looks a little off and UTAD may just be a wave 3 peak. Will know soon though with the short time frame evaluated.
CME_MINI:ES1!
by HedgehogLanding
GBPUSD Shorts - A grade setup blueprintThis is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences generates an edge for me to execute these trades. Firstly once price mitigates my 6hr Supply zone I would monitor price and wait for the asian high to get swept first before I validate a potential sell. Then I would wait for a clean CHOCH on the 10 or 15min to validate my UTAD (upthrust after distribution.) Once a CHOCH is formed it would typically leave a last point of supply (LPS), that will have a clean unmitigated order block that would have caused the expansion to happen. If it leaves an imbalance during this process it's usually a very good sign that price should come and retrace back to the LPS. After I have my OB marked out I would set my sell limit In which I would then wait for price to come back and tap me in. From this point I would have already have pre defined my risk, written the confluences and set a take profit target for my trade to hit (in this case we will be targeting the touch of the 4hr imbalance as that acts as a magnet for price to come towards.) In this specific scenario as you can see price didn't come back to the original 10min OB I had marked out. Price then decided to create a small BOS to the downside leaving another LPS for me to enter from which was the 6min OB. From there price came back to tap that 6min OB and literally melted towards our take profit target for a 1:15 RR with minimal drawdown. P.S. when price entered my POI I would make sure that majority of the reversal magnets are eliminated i.e. any trendline liquidity, equal highs/lows, and asian highs/lows, so that price can move swiftly in our desired direction. Hope you guys found this post insightful! as I wanted to show how I would typically execute my trading strategy using Wyckoff to catch big RR moves that enter my Higher time frame POI's.
Short
by Hassan_fx
1
TECHNICAL ANALYSIS VIEW OF BITCOIN 6/11: WAITING FOR THE FALL!Hello traders! In the past 2 weeks, Bitcoin price tried to test the 36000 price range and accumulated in the 33000 to 36000 range until now. Last weekend we also witnessed the action of whales transferring a large amount of Bitcoin to the exchange, which signals that there will be large price fluctuations in the coming weeks, most likely a profit-taking action by traders. big. Next week we also look forward to the speech of Fed Chairman Powell and other members. Most likely, combining the above two events, Bitcoin price will adjust sharply to have notable price actions before entering the last month of the year. Let's come to some technical analysis comments according to Wyckoff on the BTCUSDT pair on November 6: Timeframe H1 (BTCUSDT pair chart on Binance): Figure 1: Now is the time to wait for Bitcoin's collapse (source: Tradingview) Events that took place during the distribution phase: - Price has completed forming phases A, B, C and is in phase D of the distribution phase according to the Wyckoff model. - In phase D, the price retested the upper edge of the trading range with 2 LPSY events. Prices increased but volume decreased, demonstrating the weakness of demand. Now, as long as the big guys or the bears are determined to step down, the price will drop sharply. - Possible plan: continue to sell more immediately after the price tests the upper boundary of the trading range or create new LPSYs. Wait for the price to break the lower boundary of the trading range to create the final SOW in phase D, then you can completely close out the position and pull the stop loss of the remaining positions to the entry point, while preserving the positions. Just continue to wait for the following declines to take more profits. Safe trading! @dvd
Short
by dvdtraderhihi
LONG WAY TO PARADISEWell, I wish that I could tell you it was easy, Just take the paved road right to paradise But the truth is my friend, the pain and suffering never ends Make amends with medicine, amnesia, and lies The grains sift coarsely through the hour glass And they pound like boulders on the brain All those things you did for fun, Never hurting anyone, Careless shadows in the sun, just empty and lame And it's no, it's no use thinking that you're wrong The past is old and gone It's best to move along and find your Avalon...
CRYPTO:EGLDUSD
by CryptoPummel
1
BTCUSDT Analysis_IS THE BITCOIN ETF EXCITEMENT OVER?Hello traders! As of the October 31 analysis, Bitcoin is still in the distribution zone and is in phase B of the distribution phase according to Wyckoff. The event that the FED kept interest rates unchanged did not create any significant boost but created an important price action for Bitcoin during this period. Excitement over Bitcoin ETF news is over. “Buy rumors, sell news” has happened. Let's come to some technical analysis comments according to Wyckoff on the BTCUSDT pair on November 2: Timeframe H1 (BTCUSDT pair chart on Binance): Figure 1: Bitcoin price has moved into phase C of the distribution phase (source: Tradingview) Events that took place during the distribution phase: - As analyzed on October 31, the price has gone through the events in phase A and is in phase B of the distribution period. - The creation of UTAD (Upthrust after distribution) marked the official formation of phase C. This event was caused by the big guys wanting to check if the demand was still large. And the truth is that all the demand was absorbed, the price shot up to touch 36,000 and then quickly returned to the trading range confirmed for this event. - The possible upcoming scenario is to wait for the price to form LPSY (Last point of supply) events. There the supply zone is weak: prices increase weakly with low volume. LPSY positions are suitable for opening additional short positions. - If the price breaks below the lower boundary of the trading range, the final SOW event will occur. Safe trading! @DVD
Short
by dvdtraderhihi
2
BTCUSDT Analysis_Buy the rumor, Sell the truthHello traders, here is the DVD! Last week saw a strong increase in price of not only Bitcoin but also the crypto market in general. The bullish story stems from market-wide excitement about Bitcoin ETFs soon receiving approval from the SEC. There are many big players in the financial industry who have applied for approval to the SEC such as: Blackrock, Grayscale,... So if at least one BTC ETF is approved, large institutional cash flow will pour in hundreds of billions, even venting trillions of dollars into the crypto market. With such extreme mania, Bitcoin and the entire market have increased in price regardless, and many people have thought that the cryptocurrency winter is over and spring has returned. However, let's sit down and review whether the above is correct: - The FED and major central banks have not yet started the monetary easing cycle. This is the key point, because the era of cheap money has not yet come. Until there is a firm "dove" monetary policy from the FED, Bitcoin and crypto or any other risky assets cannot have a miraculous increase. - Up until now, all the news from the press that made the news last week was still just rumors about the approval of Bitcoin ETF funds. All current buying is based on rumors. Once the truth is exposed like Bitcoin ETF will not be approved or the approval process takes a long time, then the act of selling the truth will take place. Let's come to some technical analysis comments according to Wyckoff on the BTCUSDT pair on October 31: Events that took place during the distribution phase: - At 5:00 a.m. on October 23, a candle had strong buying pressure (price increased rapidly and volume spiked) and pulled down but still closed over 50% of the candle, creating PSY (Preliminary Supply). - Next, at 9:00 a.m. on October 24, the buyers continued to frantically buy more in a hurry. It was also the time when news broke that Bitcoin ETFs were about to be approved. This is when the big guys gradually take profits from the amount of goods they have previously stored. We have point BC (Buying Climax) as shown on the graph. - Because the supply from the big guy is very large, after point BC, naturally we have a rebound in price, which means the big guy can close out a quantity of goods in this segment. That creates AR (automatic reaction). - The price returned to the supply and demand zone BC to retest this zone, 2 withdrawal candles along with a decrease in volume compared to the previous points PSY, BC and AR confirmed: supply is greater than demand. to is gradually dominating and closing their sales volume. Because if there is still a lot of demand, the price increase combined with large volume must be enough to break through resistance BC. At the end of the first ST generation, phase A of the accumulation phase has formed. Trading range is made up of AR support and BC resistance. - Entering phase B, the big guy showed off his abundant supply with a strong downward candle that retested AR support, the large volume here showed this, creating a SOW (Sign of weakness). ). - Continuing in the following hours, the price moves inside the trading range so that the big guys gradually distribute all the goods. Events that may occur in the near future and guide trading: - Phase B has been taking place. However, the UT (Upthrust) event has not yet occurred: the price broke through the BC resistance and quickly closed back to the trading range with large volume. - The most feasible plan right now is to wait for the UT event to take place and sell short. The main entry point is the closing price of the candle confirming the completion of the UT, the stop loss point is above the top of the UT, the take profit point is AR support. Let's wait and see if Bitcoin's upcoming actions reflect the true idiom: "Buy the rumor, sell the truth". Safe trading! DVD
Short
by dvdtraderhihi
BTC Breaks Out from 200 Days Range Bitcoin has been on quite a journey, spending over 200 days locked in a range-bound pattern. But, as the saying goes, "good things come to those who wait." Bitcoin has finally made a breakout move to the upside, and it's got its sights set on an ambitious target of $40,000. However, it's essential to recognize that it will likely need some time for reaccumulation before testing the range once more and forging ahead. 📈🎯 Breaking Free from the Range: Look closer how this reaccumulation looks at 1H time-frame : We are always moving from one liquidity to another For what felt like an eternity, Bitcoin has been trading within a range, caught between certain price levels. But now, it has broken free, like a phoenix rising from the ashes, and its upward journey has begun. 🌅🚀 The Reaccumulation Phase: After such a substantial breakout, it's only natural that Bitcoin would want to take a breath and reaccumulate its strength. This period of consolidation is essential to fortify the newfound levels and gather momentum for the next phase. ⏳🔍 Retesting the Range: Before aiming for the ambitious $40,000 target, Bitcoin is likely to revisit the range it spent so long in. This retest will serve as a confirmation of the new support levels and ensure the foundation is solid for further upward movement. 🔄💪 Trading Strategy: Observation: Keep a close eye on Bitcoin's price action and how it interacts with the former range boundaries. Patience: Be prepared for a period of reaccumulation and consolidation. It's during these times that savvy traders position themselves for the next leg up. Risk Management: Maintain sound risk management practices, especially when dealing with a market as dynamic as Bitcoin. Conclusion: Bitcoin's breakout from its long-standing range is an exciting development. However, it's crucial to remain patient and adaptable. The cryptocurrency market can be both exhilarating and unpredictable, so it's essential to be ready for a range retest and subsequent movements. As Bitcoin sets its sights on $40,000, make sure you stay informed, exercise caution, and be prepared for the journey ahead. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
Wyckoff in final phase please readThe chart reveals that as Wyckoff's principles have begun to manifest, most of the signs have become evident. We anticipate the possibility of further accumulation, possibly another spring due to recent developments regarding the war. However, the overall picture is quite clear: there is a notable price surge on the horizon. If you decide to trade on this, exercise caution, and I will be certain to provide updates. For those considering a purchase, this appears to be an opportune moment to do so.
BLACKBULL:US30Long
by JORDAN-WALLSTREET
1
EURCAD - Wyckoff Spring and Up we goI have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the up volume waves and price move agrees by moving down. Notice the Speed Index on the down waves which they are on average side without any extremes except one , that 35.7 close to support which means that buyers might be coming in. Mid of chart We hit and break support, and do a false break Right side The immediate reaction after the fake break is a huge up volume wave. Ok buyers are in control (therefore I will not consider the short signals produced by the indicator but only the long). What's confirming that there is heavy buying apart from up waves and the price moving up are the down volume waves. Why is that? Check out the Speed Index numbers marked with the arrows. High Speed Index numbers and price keeps break up = byuing on the down moves Now let's look at current position and forecast. Currently we have touched the 50Fib and entering 50-61.8 Fib area. So there is a possibility to find sellers. Going Long is a bit of a risky but I think price could move easily to 61.8. Good luck
Long
by tdtrdview
UsdJpy Possible ShortThis is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area (green zones). We currently in premium aka the red boxes. Liquidity BSL is also resting above from last Thurs and this Wed. Would love to see price grab that while going to EXTREME premium, before shooting down to push PRICE HIGHER... just waiting to see. I got more Lower timeframe ICT based markups if yall mess with this one.
Short
by ConsciousFXtheDayTrader
TWT Short Setup : Rising Wedge + AMD🚫The world of crypto can be full of surprises, and today, we're looking at the TWT token. It recently took a steep plunge from a colossal rising wedge pattern. However, before considering a short position, it's crucial to remember that trading is not just about patterns but also about market manipulation. 📊 The Rising Wedge Pattern: Rising wedges are typically bearish patterns, signaling a potential price decline. But in the realm of cryptocurrencies, it's essential to exercise caution, as market manipulation can play a significant role. 🚫📉 The Manipulation Factor: Detailed photo how AMD by wyckoff looks like : While technical patterns can offer valuable insights, it's essential to recognize that market manipulation can disrupt the traditional signals patterns provide. Traders should remain vigilant and not solely rely on patterns. 🃏 Trading Strategy: If you're considering a short position on TWT: Patience is Key: Wait for a retest of the wedge's border as resistance. This can provide a more favorable entry point. Risk Management: Use risk management tools like stop-loss orders to protect your investments. Stay Informed: Keep a close watch on TWT's performance and any market news that could impact your trading decisions. Conclusion: Trading in the crypto world is a blend of art and science, where patterns can offer insights, but market dynamics can be unpredictable. Recognize the influence of market manipulation and trade wisely. It's crucial to approach trading with caution, stay informed, and adapt your strategy to the ever-evolving market conditions. Remember that while patterns can guide your trading decisions, they're not infallible, and market manipulation can add an extra layer of complexity. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale