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Wyckoff

Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve. The United States of America March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
OANDA:XAUUSDShort
by DynamicCapital-FX
2
Bitcoin - Analysis for the next few weeksAfter the accumulation that took place from June 2022 to March 2023, it is now time to test the breakout from the accumulation. There is a strong resistance zone at the $28000 - $30000 USD level that will be difficult to break through. However, breaking through it should lead to a fast move towards the next zone at $37500 - $40000 (where bitcoin distribution occurred in the past, when it was bought below $15,000). In the near future, I suspect a pullback after the recent growth to around $25000, where there is an interesting support line that dates back to January 2021. I believe that there is a re-accumulation taking place at these levels.
by czupryn888
3
SPX500 - Distribution WyckoffIt seems that at this point, the SPX500 may fall to around TSE:3600 levels. After that, the game will continue in the HKEX:3800 - TSE:4100 range. A solid breakout above the TSE:4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below TSE:3600 could mean a bear market in global markets. According to the patterns, this could occur around the turn of 2023 and 2024. Perhaps this will be a time of tension between the US and China.
SP:SPXShort
by czupryn888
2
$DNA Possible Accumulation. Fib levels very reactive.A pretty compelling argument for a classic Wyckoff Accumulation pattern. We know some people like Woods are investing heavily into this market, so it's not a long shot to assume there are others. Whether we see a spring or LPS our way up to SOS is TBD, we could shoot in either direction as it stands. PTs are at $7-$15 according to analysts. This seems to line up with extensions. OBV shows each consecutive low on the PA is higher on the OBV. This is a great indication of an increase of strong hands ownership. Overall, I think I am mostly bullish at the current level. Should we happen to dip lower for a spring, I will significantly add to my position.
NYSE:DNALong
by Tripcrypto1
1
BTC Wyckoff Re-Accumulation Possibility?Well we are still in the 28k zone which should tell us something right? If you turn your TV on or listen to social media pundits they would have us all believe the sky is falling on our heads, complete with radiation. So why hasn’t BTC tanked? I mean if its really as fragile as it has been behaving the last 15 months then surely we should be in the bin by now. Well I have been looking into it a bit because of a couple things. 1. The longer you stay in a range the stronger it becomes. The more you accumulate in that area, the weaker the resistance gets above you. So the longer we hold out in the 28k zone the more likely the break to the upside becomes. 2. Since Alameda Research got taken out as a MM we have had a lot of smaller MMs in the space, so the ability of just one to rek the charts is a lot less. Also, the patters that the Alameda Algo was using are different to these ones, we are conforming more to regular manipulation in other words. So … Wyckoff Accumulation/Distributions patterns? Sitting at the top of a move is usually a Distribution pattern as the MM takes profits by selling to eager retail shrimps, only to tank the price when they are done. Similarly when we are at the bottom you can see deliberate moves to prevent price tanking further, or moving higher until the trap is ready and we spring out quickly. Remember January? But when the expansive move is done we just hover there seemingly. Most think this is a Distribution phase and would normally be right … but we didnt tank… I mean I expected a move to 20,500 and we got 19,500 - but it was a pullback that propelled us up to 28k…. and thats where we have been. Lots of people expecting THIS to be the Distribution and then dump back to 25k… 20k… 18k… 10k…the bears die hard. But there is a less known Wyckoff pattern called the Reaccumulation, which is a pause along the way to a higher and longer bull run. Others call it Rally, Base, Rally or choose your own terms but this pic is my attempt to see if it fits where we are now. In short… We have run up to the first Preliminary Supply at 27,600 setting in a new range, then continuing to the Buying Climax. BCLX results in rejection back to test the bottom of the new range, which triggers an Automatic Reaction. This has to be strong and send price all the way back to the BCLX to retest it. We did that. Price then moves to the mid point of the range to find Support (5) before yet again pushing lower to retest the support and take liquidity, resulting in a Spring and Test before moving up to again retest the high in a sharp Upward Thrust which fails. From the UT price descends forming the Creek which is where we are now. The Creek continues to form but importantly does not break the lower Support (7,8) Once we jump the Creek - which should be an expansive move up to test the Uppber Band and break past the UT - it should then retrace to test the Last Point of Support…. before breaking up in a Sign of Strength - another expansive move. Now my lovely yellow line is no indication of prices, just direction, but the overall structure has critical points to keep an eye on. 1. If we break down below the Lower Support the setup is invalid and we are likely in a Distribution pattern - expect much more downside. 2. If we do break above the UT you will not have many opportunities to look for Long positions so be quick once you see this. 3. If this pattern is correct and plays out expect Alts to get rekt as people dump them to get on the BTC train. No idea if this will play out but it seems likely given BTC has not tanked even with all the heavy heavy anti-crypto FUD, banks collapsing, Operation Chokepoint etc …. Big news tonight and tomorrow night all around Employment - if unemployment goes up this will be bullish … but will it be bullish enough to jump the creek? CPI data and FOMC minutes comes out again next Wednesday night so its feasible the continue the manipulation right up until that point before making a major move like that. Jumping the Creek is a major chart changing move so if they have it planned they may not want to show their hand ahead of time. Just speculating …
Long
by redfez
TRKA trying to make a stand using ESVO made by chatGPT TRKA looks like its in the final part of its accumulation and ready to try and make a push.. The problem is will the push be to the upside? lol So I have been using ChatGPT to create indicators and I created this beauty of an indicator which is a superior supply and demand indicator that also points out where pockets of stop losses are. It has become an absolute in my trading. Below is a little description about it that ChatGPT made. If you find any of this intriguing pls like sub and hit the boost button. Its the only way we can make sure other people can see it too. The ESVO moving average is designed to analyze the relationship between price and volume movements in the market. From a psychological perspective, the small spikes in the ESVO moving average could indicate a relatively balanced market, with both buyers and sellers having relatively equal influence over the price movements. The larger spikes, on the other hand, could suggest a shift in the balance of power between buyers and sellers. For example, if there are many stop losses placed at a certain level, this could indicate that traders have a strong belief that the price will not go beyond that level, and if the price suddenly breaks that level, it could trigger a wave of buying or selling that results in a larger spike. The fact that the spikes come back to where they started could indicate that the market eventually returns to a state of equilibrium after periods of imbalance. The small, medium, large, and massive spikes in the ESVO moving average could potentially represent different levels of buying or selling pressure in the market. However, without more information, it's difficult to say for sure what each size of spike means. Based on the scenario you described, the spikes could be related to stop losses, but it's also possible that they are related to other factors such as news events or changes in market sentiment. The top spikes in the ESVO moving average could potentially represent an increase in buying pressure, while the bottom spikes could represent an increase in selling pressure. However, it's important to note that these are just possibilities, and further analysis would be needed to confirm what is really happening in the market. If the ESVO moving average is moving up, it could suggest that there is an increase in buying pressure in the market, and vice versa. However, the direction of the price movement (up or down) could also have an impact on the overall trend. For example, if the ESVO moving average is moving up, but the price is in a downtrend, it could indicate a period of divergence, where the two indicators are not in sync with each other. If the price is in sync with the ESVO moving average and then breaks under it, but the ESVO moving average stays in the same area, it could suggest that there is still a balance between buyers and sellers, despite the price movement. When the price eventually re-accumulates and jumps back up to the same area as the ESVO moving average, it could indicate that the buyers and sellers have reached a new equilibrium point. Thank You, by iCantw84it 04.04.23
TLong
by iCantw84it
Volume chart BTC 05/11/2020-01/11/2022This chart show the wake top BTC made late 2021 and early Summer (69k$-64.8k$). I have the belief that BTC top on Friday the 08/01/2021 at a round price of 41950$. This in is line with GBTC start the continued selling of there BTC supply. The time in between 08/01/2021 and the most recent bottom of 17622$ on the 18/06/2022. Has bin an inverted bear market. This because of the famous market patterns BTC/USDT formed in this period. Being a Wyckoff Market Cycle. Forming a quad top from 02/2021-06/2021 and a double top in 11/2021 above the 41950$ markt top. Following a cycle of downside from 26/11/2021 to the end for the trend 18/06/2022. Leave a comment down below with thoughts if you have questions about this Wyckoff market Cycle. After the worldwide panic that was this downside cycle BTC top again at 25211$. Just above what is now a volume RES zone range of 45% of all volume that happened since the 05/11/2021 14093$ The zone 45% range low is 18393$ and mid range is 19.2k$. Any price action below the mid range or range low should be a instant BUY for the next 3-5 year. Targeting 100k$+ / 332k$ (--->1m$+) If this LVL is broken again for a longer time I see the 15k$-14k$ range come in to play And because of recent high relative volume coming mainly from the US zone and EURO zone. Can result in mass panic!!! And a likely V shape bounce. Think 03/2020 or 11/2018-05/2019. PLS NOTE: At last this is post is the result of a 4 HOUR NIGHT of thinking AND IS NOT ADVICE. ONLY TO BE USED as new way of thinking about BTC and current life. With 1,75 year experience 05/2021 to my name as of writing this.
Long
by SPACEMEN99
🔥 Bitcoin In Wyckoff Distribution: Is This The Top?Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly. Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the Bitcoin top for the foreseeable future. Check out the theoretical schematic below. If we'd follow this Wyckoff distribution pattern, that would indicate that there's still one more move up before the real sell-off. As long as the price does not break below the AR-support (purple) before breaking above the UT-resistance (yellow), this pattern is valid. Furthermore, the UTAD break out can't reach much higher than the UT top ($30k?) before being sold off. Consequently, the UTAD top would be in an area of heavy resistance from the last two years of trading, see yellow area below. Do you think we're in a Wyckoff distribution pattern? Are we breaking down? Share your thoughts below. Note: I'm still bullish on BTC, especially in the long-term. However, I think it's valuable to look at different perspectives of the market, even if it goes against my bias.
COINBASE:BTCUSDShort
by FieryTrading
9
Wyckoff distribution eventAfter failled attempt to break down form support (26 700), Btc is testing highs, again. In case we will fail breaking the resistance to the upside there is potential for distribution event. Also the RSI showing us bearish divergence on many timeframes. On the other hand we are in strong uptrend for last monthes and there is possibility for testing the 30k level. So setup your SL on top of the potential SFP. Be patient and wait for Swing failure pattern. Good luck.
Short
by Pepe41111
GBPJPY Buy Idea** BEFORE I BEGIN, ALLOW ME TO APOLOGIZE FOR ERASING MOST OF MY DRAWING. I know it would have been more beneficial to leave it but I'll leave it from here on. ** So for this one, I started on the monthly and worked my way down until I could find a nice entry point. On the monthly, I noticed structure and marked off the closest SD zones in relation to the current price. From there I went down to the weekly and daily looking for zones inside of zones. Once on the daily, I noticed a re-accumulation schematic and dropped to the 4 hour where I was able to find the POI for entry once structure was broken. Now it just a waiting game for price to come back to my entry point.
Long
by BlackDiamondFX