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Wyckoffaccumulation

$META Wyckoff Accumulation - Panic Selling - FACEBOOK BULLISHMeta - Facebook Chart resembling a Wyckoffian pattern - occurs in accumulation phase. You can see Facebook has had a big downfall from its top in September 2021. We can view the selling climax, preliminary support, and the secondary test - this particular pattern has a spring currently (panic selling) (breakdown of continuation). This is NOT the last line of defense for META, it can absolutely drop down - there is huge support at $139 - which would tap the lower trend of the falling wedge (marked in light grey trendlines). HOWEVER!!!!! -- check out the descending channel within the falling wedge - (descending channel is marked in green and highlights the Wyckoff Schematic ) and it seems to have found support at the 'spring' - bottom of the trend. This is generally a bullish pattern. To the left we can see a huge capitulation volume bar from February 2022 and the price as been descending all summer - selling volume is also in decline which is bullish. This is not financial advice but this is my take on $META
NASDAQ:METALong
by ChaldeaCode
5
BTC Will Probably Stay Boring For A While Before Retracement.As we have finally showing solid signs of bottoming, i would say that we have entered a wyckoff accumulation pattern at the lows. We've done something similar in 2015 and even in 2018, but it is looking more like '15. We are talking about completed crashing structure here, and not that we are just going to a new bull market here, at least not for BTC. With the Altcoins there could very well be a different story here, what i've already presented in a previous idea. Retracements usually reach to at least 0.5 / 0.618 fib. level., something what BTC still hasn't done yet. This always happens at some point. Best case scenario we could see prices to reach .702, even .786 (78.6% of the initial fall) which sits at 55k area, before turning back down again. This would trap a LOT of retail investors in, and this is something markets love to do. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by CR35
5
BTC 4H Wyckoff Accumulation updateGood morning Traders, Following my previous analysis, I have updated my chart to show my thoughts on what's happening. Following the "sign of strength (SOS)" stage, we have seen a re-test of the "last position of support (LPS) stage and have now seen the typical continuation pattern / shape you would expect following the "SOS", where the price is converging before breaking out. I believe the "Phase E" of the wyckoff was delayed by the re-test of the "LPS", but we are now starting to break out of the top of the range and I would expect volumes to increase and price to increase, probably tomorrow when the market re-opens to the large institutional traders. We have also seen some of the minor downward trendlines break out upwards. Full view of chart in comments. All I keep seeing on other posts is that this is a "BEAR FLAG" or "RISING WEDGE" and price is going to fall to 10-13k, but to draw the flag / wedge trendlines, the line cuts through the price action / candlesticks. In my opinion if you have to do this to "make it fit", this is not a correct trendline and people pass it off with "false breakout" all the time, but a trend / pattern is not a trend / pattern if it is consistently having false break outs! As always this is not trade advice and is just my own view, so trade at your own risk. Like, comment and share! Have a great week and good trading! GDuB
BITSTAMP:BTCUSDLong
by GDuBFX
1
Long BTC to $25,600Cognitive flexibility, required to shift one’s bias from bullish to bearish, long to short, and vice versa, based on market conditions, is extremely valuable as a trader. In previous publications, I mentioned that since the BTC price has been in a down trending environment for nearly 9 months we should assume that the current trading range (31 days and counting) is re-distribution unless the market conditions tell us otherwise. The BTC price is up 22% since the secondary test (ST) on July 13. Thus, the current market conditions tell us that we should consider whether the current trading range is re-accumulation instead of re-distribution. If the current trading range is re-accumulation, then the secondary test (ST) on July 13 had a spring-like effect and the subsequent rally, which broke above the trading range upper bound, broke above the value area high (VAH, purple line) and, most likely, will close above the open of the significant sell bar (shaded pink) on June 16. This is bullish! The 2 day, 4 day, and 8 day all look bullish. With regard to a long position, target 1 is $25,600 and target 2 is $29,959. Wyckoff abbreviations: automatic rally (ARa), preliminary support (PS), selling climax (SC), secondary test (ST), failed upthrust (FUT), upthrust (UT), upthrust after distribution (UTAD), last point of support (LPS), selling climax (SC), shakeout (SO), sign of strength (SOS), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDLong
by Eightchains
2
It's been a while since I provided an update on the Wyckoff ideaGood morning traders, I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea. As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub waves within each wave. As you can see my elliot waves have been measured and my targets for each wave marked up. I believe the 5th purple wave will complete around $31,775 which is a key support/resistance level. These waves I have marked up are minor waves and once the 5 wave cycle has completed, I believe this will be primary wave 1 which will be followed by a correction down to primary wave 2. What this will come down to will be determined once we know where the end of the primary wave 1 is and we can then measure the wave 2, which I will sure to provide an update for. Please like and share my idea along with leaving your comments if you don't agree. Happy trading 👍🏻 GDuB
BITSTAMP:BTCUSDLong
by GDuBFX
1
BIG Money Accumulating SHOP shares? Wyckoff Accumulation FormingOpposite the Wyckoff Distribution is the Wyckoff Accumulation. This is a sign of buying from big money. It shares many elements of the distribution and is broken into 5 phases. I will briefly outline them below... =================== Wyckoff Accum Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. We should see volume taper and spreads widen (price-volume divergence). Big money will scoop up shares to create the AR on increased volume. A trading range is created using SC and AR. Phase B: Is the actual accumulation phase. Prices are low and easy to grab. Expect the price to ping pong within the trading range as big money optimizes their average. Expect many stop hunts and false breakouts to free up shares. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “big money” operators to ascertain whether the stock is ready to be marked up. The shakeout is the optimal entry point but it does not always occur. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. =================== I believe the following points are in line with the phases above: Decreasing volume and a widening spread before the start of the range. It is then followed by buying on increased volume. We have already seen Phase A. Phase B is the accumulation. Note the increases in volume on the up moves but decreases in volume on the down moves. I think Phase B is mostly over if it has not been completed already. Phase C will often have a shakeout. SHOP reported earnings and dumped to the lower end of the trading range. Although it did not break the range, I think this was the anticipated shakeout. We have since climbed higher on average volume and have now broken the upper range. It is reasonable to assume we are in or transitioning to phase D. It is important that we see some form of consolidation to confirm the upward move. If we do not, we could see more tests of supply and moves back into the trading range. We are currently above the 50 Dynamic Moving Average but below the 100 EMA. This shows that the medium-term trend is flipping bullish but the longer-term trend is still down. The vol osc is also showing increases in volume supporting the move upward. Higher time frames also indicate that this trading range formed at previous support. Overall, I think the stars are aligning to take this stock higher. Eager to hear your thoughts.
NYSE:SHOPLong
by Decam9
4
The SpringROKU has been undergoing a complex accumulation phase for the last 3 months. This chart shows the boundaries that have formed, and it can be broken down further into 5 zones of alternating 3-point moves (e.g. relative low, relative high, relative low). Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of accumulation. This gap down on earnings will be the spring, it will get bought up fast. Next to come will be the sign of strength, then backup/retest, and finally markup. The green path is illustrative but the expectation is that it will be trading in the 90-110 range by end of August. Markup will take it to 130-180 by end of year and that will begin the next bullish cycle toward new all time highs in the years to come.
NASDAQ:ROKULong
by JabezDolz
2
BTC new trend - Following on from my wyckoff accumulation ideaTo continue on from the wyckoff accumaltion posts I have shared, I now believe the "Phase E" of the wyckoff schematic is in full swing and the new trend has begun. As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my elliot wave forecasts using a fibonacci extension. As you can see we are in to the 3rd subwave which will consist of 5 waves up, so we will soon have a correction down to give opportunity to buy. Any questions, feel free to ask in the comments below. Full view of chart in comments too. Happy trading and be sure to manage your risks. GDuB
BITSTAMP:BTCUSDLong
by GDuBFX
2
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
INDEX:BTCUSD
by ssari
BTC 4H Wyckoff accumulation update If you have been following my ideas, you will have seen I had posted that we had the "SOS" sign of strength stage and we were entering the phase e of the pattern. This turned out to be incorrect and as you can see on my updated chart, I have now marked this up again. The price has come down in a bull flag following the SOS which has now shaken out and stop losses on long positions and the market makers has absorbed these position and is now aggressively pushing price up, breaking out the top of the flag. The next step would be to break above the previous resistance level set by the SOS.
BITSTAMP:BTCUSD
by GDuBFX
1