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Wyckoff

BTC 230127 Outlook on D chartThere's not a large amount of institutional money in BTC. Due to this, I use a loose interpretation of Wycoff paired with Elliot and Fibinocci. I feel we established a solid floor for potential Wycoff phases to play. I feel we swept the liquidity built by early buyers. While this spring was atypical, it did provide a perfect grab for sellers who believed we would continue deeper. The textbook setup was there, but the volume showed a different story. Just as much buying volume and some last-minute consolidation. This would be aggressive entry levels, and I felt there was a fake CHoCH to keep sellers fooled. This was a beautiful area for bulls to accumulate. Further proof of this came when the impulse wave began. I do believe it is too early to draw Elliot waves. I want to see this impulse finish. Should it finish here, I expect us to head back to the ST zone. If note, we continue up to the next high.
GEMINI:BTCUSDLong
by pipdrifter
Will EURJPY Consolidate?The recent correction seems to have dived a bit too close to short-term support. This raises the question, were institutions building liquidity to continue bullish momentum, or are we seeing signs of diminishing demand? The answer will be determined by the ability of the price to break out of the trading range with enough volume to sustain a clear direction & momentum. It is worth noting that volume levels are currently dropping indicating Effort < Result, whilst the price is still floating above short-term support levels (As seen by the double bottom). This doesn't provide a lot of confidence for buyers. However, since there are no confluences (from my view) of sell pressure, it looks like we'll be heading sideways for some time unless we can receive a significant increase in buyers to continue the uptrend.
by JadenAlexander
Wyckoffian Method: Sell Test in Phase BUsing volume to price analysis in correlation with market cycles of accumulation and distribution (Wyckoff), I believe that NASDAQ:HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom. During the mark-down phase, NASDAQ:HYMC exhibited several stopping actions up until the massive change of behavior that came with the news of the investment from $AMC. The change of behavior is exhibited by the massive change in demand volume at the bottom of the range, thus establishing a floor. This trend reversal symbolizes a 'selling climax' with an immediate reaction, otherwise known as an 'automatic rally'. Being at the same level as the selling climax and with volume diminished, NASDAQ:HYMC has a strong chance to reversal and start breaking some fib levels to the upside for a test of supply zones above. This move would be considered 'sell test in phase B' of accumulation. A reverse split is incoming for NASDAQ:HYMC , but a good short-covering rally can occur from the lows here before RS.
NASDAQ:HYMCLong
by FreeWyckoffs
2
CHZUSDT !! ARE WE GOING FOR A STRONG UPTREND ?!Ok Traders ! hope you enjoying your life ! first of all what do we want to see in phase c ? -strong rejection: point of fear : traders start to panic in downtrend and close their positions and open a new short positions to take gains . participation of buyers : for fundamental reason market makers and other whales see an opportunities to buy in the deep . -average volume : if we have a reasonable volume in phase A & B at lows and highs volume does not matter that much in our analysis CHZ/USDT : we do not have requirement yet but we are getting close to one of the most important key level ! beside of fundamental analysis that key level is between chaos and live in the dream . im gonna keep in touch with you guys and give you updates
Long
by PooyanFX
4
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction! Enjoy! Learn to Read and Trade any Market!
by TradeTheVolumeWaves