Bitcoin - Wyckoff AccumulationAs this bear market has played out over the past few months, it has conformed pretty closely to a classic Wycokff Accumulation pattern.
In the above chart, we see the Selling Climax (SC) at the end of January, followed by a bounce called the Automatic Reaction (AR), before a Secondary Test on Feb 24. A zig-zag correction up to $48k at the end of March set the zone of future resistance (Wychoff Creek), before total capitulation in an historic 9 straight weeks of price declines down to a Spring low of $25.3k on May 12.
The logical conclusion is that we should be facing a period of price recovery, however, the truth is more subtle. For instance, you will note that the price action since the Spring of May 12 has echoed in fractal reflection on a smaller timescale, the SC, AR, ST and corrective rally to define resistance. So, it may be entirely possible that we are in the midst of another smaller accumulation zone, soon to be resolved in a new low. The only thing that will deter this outcome is if price continues to post gains and gets above $32.4k and keeps its uptrend of higher-lows.
A break to a lower-low below $29.2k and $28k would place us on track for a Spring low back below $25.3k.
What do you think? Is it a continuation of the uptrend from here, or a break to a new bear market low in another, final capitulation event?
Wyckoffaccumulation
Just Tested The Steping stone Demand In general H4
Price is in the Retracement Phase / Correction Period to the H4 demand level
before going higher or lower if supply is still in power, but evidence of CHoCH / Sign of Strength can be seen from the candle pattern forming a new Higher High and Ultra High Demand volume.
Price projection has objectively violated the last HH price at 1869.72 (May 24th)
and OVERSOLD Condition 1824.54 (June 1st)
we'll see Monday
how Prices React to market sentiment
We monitor consolidation and confirmation
for for price Rise higher to zone 1880 - 1899
Or down to 1830 -1810 zone
Have a great Trade A head
----Bahasa Indonesia----
Secara General H4
Harga dalam Phase Retracement / Masa Koreksi ke level demand H4
sebelum naik lebih tinggi atau lebih rendah jika supply masih berkuasa, namun bukti CHoCH / Sign of Strenght terlihat dari candle pattern membentuk new Higher High dan Demand volume yang ultra High.
Price projection secara objective telah melanggar harga HH terkahir di 1869.72 (24 Mei)
dan OVERSOLD Condition 1824.54 (1juni)
kita lihat senin,
bagaimana Harga Bereaksi terhadap sentimen pasar
Kita Pantau konsolidasi dan konfirmasi
untuk untuk harga Naik lebih tinggi ke zona 1880 - 1899
Atau turun ke 1830 -1810
Salam TraderBarokah
Nasdaq reversal targets the January lowWith the breakout today, the Nasdaq has confirmed a Wyckoff accumulation structure that started 19th May. The above chart provides my Wyckoff P&F targets, starting with the most conservative and getting successfully more aggressive. Note that the final higher target has not yet been taken. I will add this after the Wyckoff Backup event has occurred, which is a test of the breakout of the structure (bounded by the blue lines).
Not all targets need be met. At each, we need to be on the lookout for the price advance to pause and create a steppingstone structure. That could create a cause for a continued move up, or it may create a cause for a move down. We need to read the chart at each stage.
The most conservative target has been met, and price has already paused at it. I am not expecting much of a Backup, given current market conditions and the potential for more of a short squeeze. A small retracement on Friday and then rapid advance is more likely. A good entry would be on the reversal of this retracement.
I will update this post with my thoughts on the price advance. If you have found this useful please give a thumbs up and a follow to keep updated. Thanks!
Wyckoff AccumulationAccording to wyckoff accumulation, we are due for a short retrace then up higher. This could be the beginning of a denial rally.
Targets are based on imbalances (Yellow mark by candles), this is more of a general bullish guideline over a specific target road map so I will be longing after this possible retrace and confirmation.
NVAX Wyckoff Accumulation events + Elliott waves$NVAX My memorial day homework 😁
Wyckoff Accumulation events + Elliott waves
I have attached my two main theories that are happening together and we are approaching the end of it soon.
For wyckoff, I am expecting a big shakeout to follow. We haven't seen yet a day that has the qualities of a spring. We have only experienced some rallies that turned back quickly to the support/supply area, which imo is a test. We need to see massive selling volume and accumulation.
That is coming together with the Elliott waves count. I have an alteration of the count, but does not change anything in the final outcome. I just wanted to show the similarities with the ending diagonal. A wave C or wave 5 call it as you like, is supposed to come. Maybe this will mark the final shakeout and the end of correction.
PG Hello friends! now let 's analyze the PG company my Wyckoff Line indicator, which you can access and which clearly defines the liquidity zone of professionals , as well as with which you can determine the liquidity zones and, accordingly, understand where the accumulation is .
Where is the distribution absolutely clearly and determined the repulsion from the liquidity zone at the very bottom
You can also see that I recently made a deal on the chart , this mark is marked with the mark b 1 ,
which also absolutely clearly indicated the purchase before the decline
On the right we see the relative strength index , which shows that at the moment the company is still in a negative moment relative to the market and it is not yet ripe for purchase at the moment and we must definitely wait until the price reaches the liquidity zone , after which we will already look at the relative strength index and certainly by sector
Thank you all
Click like subscribe necessarily if the review came in! Then I will post more ideas .
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For investors, I can shift a 2-week lazy investor course where you can learn how to invest correctly and in which stocks + the tic-tac-toe method
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with your own developments taking into account the imbalance of supply and demand
Potential Accumulation FormingGold - Potential accumulation forming, i want to see another SOS/candle close above before a pullback into the TR then i'll look to take this long!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
ETHER FRACTAL/CYCLE STUDYReviewing Ether's cycle, it contracts and expands but follows the same peaks and valleys. The notable characteristic here is the spring action it takes in the purple box. This spring can be understood in wyckoffian terms as the shakeout which is followed by a sign of strength and a mark-up.
Is gold in Wyckoff accumulation Phase C and ready to rally?This Point and Figure chart shows that gold may be in Wyckoff Phase C. It is still a little early to say for sure, but there are some positive signs. Supply has been reducing over what looks like Phase A and B, which is consistent with an accumulation structure. There has been reducing supply into the prospective Phase C. If the structure were distribution, we would expect to see supply increasing here. There has also been positive relative strength vs. equities all year.
After a hypodermic top in March, gold has been moving down with pressure from the USD and rising interest rates. However, there are signs that rates may have peaked for the short term. The USD has also shown climactic behavior. Plus, gold is getting a bid from the possible (and likely, in my opinion) general capitulation in equities that is about to happen.
My downside P&F target for the hypodermic top has now been met, so at the very least we should expect some consolidation here. Yesterday's Sign of Strength bar was a hint that demand is coming in. I will be looking closely at any local accumulation structure that is made here, to set targets for the next leg up into a Last Point of Support. What we need to see next is a commitment above 1860 to act as a confirmation.
Wyckoff Distribution Schematic On DJIWhich comes first, the chicken or the egg?
With recession talk being forced upon the economy, and many negative economic factors likely playing a huge role, it begs the question.
With a understanding of Wyckoff and how large institutions transfer money, one could see how the looming recession may not be such a unlucky series of events?
♻️ Wyckoff, again, again and AGAIN ⁉️ - #LDTP 8.2Let's do the point !
I will go straight to the point : I don't like this Wyckoff Accumulation Pattern at all ! Let me explain and I will be brief : Volume are constant so ... we expect a spring most of the time. Take a look at the spring area and ... it's terrible.
To remind, we are just on the primary support of the weekly upward channel which is the yellow line between the two grey support areas, we are just over the support of the bullish trend which is the grey area of $33,000 - $28,200 and the last barrier before the bear side of the strenth. I believe in Wyckoff BUT I don't believe in the psychology of this market (for the moment) and when I see the spring area just under the support area, ... I don't believe it can hold the flush or in other way : Could institutionnals absorb all the selling exhaust ? Believe me, if it happen, this will be the biggest volume that we ever seen on BTC for sure.
So multiples options to don't see that happen :
Another cycle inside the range with falling volumes to avoid this possibility of spring
Too strong support of weekly channel which mean we can't go retest the support area of Wyckoff and so avoid the spring and precipitate the bull breakout
Break the support area of Wyckoff and see directly a strong pressure of the grey support area to create a STB and possibly a bull breakout or falling volumes (like June 2021)
Do a short spring which mean reach only the top of the spring area. It could avoid the flush by not breaking the support area.
I hope for everyone that, if we have a spring, you have your stomach well attached because it's going to be sporty (and maybe sweaty). Either way, it's the goal of this pattern to play with psychology of the market, so what's best to put it on the key level of the market ?!
In the case Wyckoff fail, it will be a new perspective of the market, a perspective where we will have to project to the bear side.
Don't forget : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
Like, follow or comment if you like, it give me some strength to continue !
I will update this idea with evolution of the pattern.
BITCOIN ACCUMULATION SCHEMATICAs we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend.
This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger Picture on Bitcoin.
Price has formed 2 Liquidity points, Buyers Climax and Secondary Test which already have been liquidated by a possible Spring that is forming Right now.
What is Key to this Wyckoff Schematic is that we don't just look for them on a random point of the Market but usually in a special area that may signify the change of Trend.
This time this special area is a 30k zone which is a Big Support zone from the previous Accumulation, which is also backed by some very important Fibonacci levels making current forming Wyckoff Schematic more probable.
Now, when we know that a schematic may be forming and that it is in the right place, what can happen next?
Well, there's a few patterns to a Wyckoff Schematic and we have to remember that no schematic is the same nor perfect as a textbook example.
Assuming right now, we have Spring forming, we can have upward move next, giving us a last point of support (LPSY) and then rally to the upside,
or we can have another leg to the downside which would be called a Spring in Phase B, liquidating positions from Spring.
Either way, the direction of the Accumulation Schematic is always bullish.
BTC/USD Wyckoff Accumulation Updated May 2022Let me start by saying this is not financial advice and this prediction is purely based Wyckoff Accumulation theory. Current Bearish sentiment and global financial state could change everything anytime so please DYOR before making investment decisions. Also please do not take the price point and timeline literally because this is a pattern prediction.
This prediction is based on assuming BTC has found some support at 30k or in this area which makes an ST in phase B. Based on this, BTC looks like forming the following Wykoff Auumulation patterns -
Schematics 1 - Green
Schematics 2 - Orange
According to Schematics 1 - Spring could be anywhere between 20k to 30k depending on market sentiment and assuming 30k is the ST in phase B.
Wyckoff Logic Supply and DemandUSDCHF
Technical analysis
Cause, accumulation, equilibrium sequence between demand and supply between quotas, 0.98639 supply zone & 0. 97127 demand zone .
Demand greater than supply!
Pattern Drop base Rally!
Implications, bullish!
The effect generated by approx 200 pips!
SL 0.98131
Entry 0.99408, buy!
TP 1.01391
⭕ = circle
⏹ = square
🔺️ = triangle
Unit = ⭕ market
Polarity = 🔺️demand & 🔻supply
Equilibrium = ⏹ range ("the ratio between supply and demand is =")
PRINCIPLE OF DEMAND AND SUPPLY
The law of supply and demand
- here the analysts study the relationship between supply and demand , having as a reference point the price and
volume over a period of time as shown on the chart.
KEY DEFINITION
The law of supply and demand is of the utmost importance. If the application to
buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies)
is higher than the available supply, the only way the demand can be met is
for the price to rise to a level that attracts enough supply to match demand.
When this point is reached, the price does not advance. If the offer to sell is
higher than the demand to buy, the only way the supply will be absorbed is as
the price drops to a point that attracts enough demand to absorb all
the amount. When that happens, the price doesn't go down.
XRP Wyckoff accumulation updateThe accumulation is taking longer than what I first expected but, it is still forming a Wyckoff accumulation.
Instead of a schematic 2 formation it is now into a schematic 1 formation.
I see two scenarios: Spring could still be forming so first some more down before reversing, but as RSI was already oversold we possibly already have our spring and could be reversing shortly.
Bitcoin: Wyckoff within WyckoffAre we really doing this again? There's good news and bad news but also potentially even better news!
I charted the recent down pattern of bitcoin to Wyckoff and have once again found a matching pattern to the Accumulation Cycle. You can see these accumulation phases in blue.
I then noticed that the larger pattern could be a Wyckoff Distribution Cycle and have charted that in orange.
But there is also another Wyckoff pattern called the Reaccumulation Cycle and it too looks like it could be a Reaccumulation pattern. These arrows are green.
What to look out for
I believe the "spring" is about to happen for the short-term Accumulation Cycle, this could bring the price near 30k. If it doesn't bounce hard if 30k is hit and just lags around there, I would be worried that it is a shorter Distribution Cycle and will follow the red line.
Next most important area is the UTAD. This could be the long-term top of bitcoin but it is NOT a requirement in the distribution cycle so no guarantee that it will happen. It also may not be a distribution cycle but instead a Reaccumulation Cycle, which could lead to a breakout.
If the UTAD acts as resistance, we could see a "creek" and "spring" phase in the Reaccumulation cycle. This looks like a distinct pattern to me where the price starts to stabilize and curve. There is also an optional "spring" that stops out the bulls one last time for the big run. This is a dangerous area though, because if the cycle is a distribution one, the price will follow that orange line.
So in my opinion there is still not enough data to tell exactly where bitcoin where go from here, but it is nice to understand the likely pathways using Wyckoff, which has been reliable in the past.
A good Wyckoff article can be found here if you want to read more: phemex.com