BTC in Wyckoff Accumulation Phase and end of Elliot Wave 4BTC continues it's very orderly adherence to Wyckoff by entering it's accumulation phase. I think there's a good chance we'll see the spring before the end of the year.
At which point, it will also complete it's wave 4 and begin the wave 5 everyone has been waiting for.
Wyckoff
ETH/USD Short Position PropositionEntry: 1/3 of total position size on market price (pullback)
1/3 slightly above the 15m Wyckoff Support line (last point of supply
after sign of weakness)
1/3 with the confirmation breaking swing low (continuation)
Stop Loss: Slightly above Buying Climax
Targets: 1)1257
2)1160
3)1016
US100 Long 1h Wyckoff Trailing StopThis analysis is based on the scenario that we are about to complete the schematic with a following rally.
A possible position can be placed like:
-50% of total position size on the LPS after we have seen some Sign Of Strength.
-50% of total position size on the LPS after we have seen the Sign Of strength of the smaller area. (something more that 12865)
Scaling stop loss starting (11698) and after the final position becoming something less than (12380).
Target being the good reference point of (14248).
EURUSD - Wyckoff Cycle In Action!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I found EURUSD Weekly chart a great practical example of Wyckoff's Theory.
As per Wyckoff Price Cycle, we are most probably entering in an accumulation phase.
and yes, it is still too early to judge, as for the accumulation phase to start, we will need a consolidation as highlighted in purple.
If we get our consolidation, for the markup to start, we will need a momentum candle close above the gray zone.
Meanwhile, until the bulls take over, we are still bearish and EURUSD can still trade lower to form a new lower low, then an accumulation phase.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH/USD 1h Position LongMy position based on the re-accumulation schematic it the following:
3 entries
1/3 of the total risk amount on the breakout. (1629.12)
1/3 of the total risk amount after the retest will be confirmed. (waiting)
In this case I must comment that the flag existing right not is not the one that will give the confirmation, but a pull back done from further away will give us this position. A small consolidation area there or a move upwards and then a sharp move will do the work.
1/3 with the breaking of the swing high that will also be provided as before. (waiting)
Stop below the support line of our negotiation area. (1477.53)
Target profit on the resistance line of the next negotiation area. (2072.45)
BTC (Y22.P3.E2) Wyckoff alignment, The decider.Hi All,
Just sharing some knowledge about this current structure.
This lines up perfect with the wyckoff accumulation and re-accumulation structures.
One is a reversal and the other is a continuation formation.
At this point, we cannot know.
Hence why this is the difficult stage. for BTC.
Double top or 618 rejection area (pretty much the same as Dtop).
Note the neckline is critical level to get out.
If we lose this, we are headed to 15k
What is next?
Next week will determine the whole market direction with the likes of tech companies reporting profits\losses and the QE FED CPI meet.
2 targets based on how you apply the fibonacci and one equates to double top.
The other, 25k as the next target.
All the best,
S.SAri
CLVS signs of Life? Break outAfter following this since hit flat lined at .81 cent I saw clear cut signs of accumulation and break out. Right at the end of the option chain cycle. Which ended today. The fact that it jumped to above a $1 on this day shows to me that its serious about bouncing off the bottom. Otherwise it could have just stayed below $1 until after today. It jumping above a dollar today means someone lost money or that they dragged it so far down that even if it came up it didnt matter..... Now we have a full month in this option call to run. does it go parabolic? or does it re-accumulate from here to inch its way back up?
i marked two key areas in blue for when obvious change tot he price action can happen.
by iCantw84it
06.17.22
We are BackHi everyone,
In my last post, I sent you a free signal (link down below) where the target was reached in one day.
For today, we going to analyze BINANCE:BTCUSDT .
After today's move, we can say that we are bullish on the long term. The main reason for that is because:
1. Volume is increasing exponentially for this range, which we did not experience in previous ranges.
2. We are in the month of July which, historically speaking, is the month where most market reversals happen in.
3. We are forming the start of a long-term uptrend, with a 42deg trend angles.
4. Finally, we are in a stage of accumulation according to Wyckoff's law.
5. We also just formed a double bottom on the daily chart
Don't forget to comment if you have any questions😊.
EUR/USD Position Proposition Wyckoff Schematic spotted on 5m while we are waiting the interest rates to be released in less than an hour.
Since we got the SOW the position can be placed on the LPSY that follows after the confirmation. I am in this position already from the visit to the bottom line with 50% of my total position size.
Stop Loss above the AR point.
Target on the 30m bottom line of the next negotiation area, that coincides the parity price.
ETH/USD Wyckoff Distribution UpdateA simple analysis that matches our yesterday view about Shorting the ETH.
We are now waiting for the breaking of the support line and the pullback, but everything seem to fit.
A shakeout with a good volume is there and the possibility of seeing the schematic completing is high.
Updates will take place until we reach to a position call.
Our idea fits nice with the analysis that is give as a link from @peterbhc :
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FX
Hi Traders,
This is my view for this week on:
- SPX500
- NAS100
- EURUSD, AUDUSD, NZDUSD
- CHFJPY
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————
Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late:
There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics).
I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards.
We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
GBPUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 1.21500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
BTCUSDT - Watch out for Stop Hunting ❗Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick look at Bitcoin / BTC . I believe that we are currently in the market cycle of accumulation , according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown.
During the accumulation phase, a new cycle begins that generates a trading range . This often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time . The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support.
So - What Is Stop Hunt ?
Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method.
If we take all of the above into consideration, the price of Bitcoin can still drop and rise (within a range) multiple times until a clear bottom is established and the next markup phase / bull cycle starts. In this chart, I have identified the zones that we may likely experience range trading in. This will be the first immediate resistance zone and the first immediate support zone. It is also possible to experience stop hunting, where the price may rise just above resistance or fall just below support to take out stop losses.
Incase you're interested, here I did an analysis on Bitcoin / BTCUSD / BTCUSDT using the Wyckoff Method:
I also used a similar method on Cardano / ADAUSDT here:
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