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Wyckoffaccumulation

Bitcoin Wyckoff AccumulationAs the Crypto bullrun possibly comes to end, there have been suggestions of a third run to 72k - marking the wyckoff distribution pattern and the retest of the All Time High (69K) and then back down. However, with Bitcoin and Ethereum rejecting 200MA's and 200EMA's on the 1D / 4Hour charts with weak buying volume, this is becoming less and less likely a possibility. That coupled with higher interest rates and the stock market falling, we could be in for a tough few months, with Bitcoin ranging between 30K and 48K. I have noticed a possible accumulation pattern that could be taking place as we speak (please see the chart and explanation below). Our Daily SELL indicator suggests we SHORT, so we went SHORT at 41.8k to hold until the low 30's. Suggestions of Bitcoin going lower than 28.8K is probably exaggerated - there are some very big players in the market right now such as Microstrategy, Grayscale, Tesla who's average is higher than this. You can bet manipulation will hold Bitcoin above this price and we will never go lower than 28.8K (UNLESS there is a Great Depression). Early 2023 should mark the start of Phase C/D - 1 year BEFORE the next halving, usually a point where smart money accumulates the most coins. I also imagine the Fed's inflation problem is going to start becoming more of a problem again, with higher interest rates not having the same effect it has in 2022. Here is a detailed explanation of Wyckoff accumulation and the levels as shown on the chart: Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation. In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base. Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging. 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. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets. And here are the terms related to what you see in the chart: GLOSSARY: PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
INDEX:BTCUSD
by reiiss7
8
BTCUSD: The market needs to eat before it can fly The market needs to eat before it can fly EN Hello to all cryptocurrency traders. I would like to share with you my current vision for $ BTC. We are creating a beautiful complex accumulation line that looks like a bear's flag on a higher timeframe, but the concept of smart money does not trade such patterns, so I expect a breakthrough and a retail trap that a terrible ride of $ 20,000 awaits us next week. However, below us is now a very strong zone, which ranging from $ 37,000 to $ 39,000 made up of strong volumes, this zone is our main support, if maintained, even a possible fake break can serve as a withdrawal of liquidity before a strong move. This is an ideal scenario when there is a false bear flag break but the daily close will be above the zone, which would mean confirmation of accumulation, the last entry of smart money on retail stoplosses and ride to 50,000 USD. CZ Ahoj všem obchodníkům kryptoměn. Rád bych s vámi nasdílel svojí aktuální vizi na $BTC. Tvoříme krásnou komplexní akumulační sestavu, která vypadá na vyšším timeframu jako medvědí vlajka, ovšem koncept smart money takové patterny neobchoduje a proto očekávám, že příští týden dojde k průrazu a vytvoření pasti na retail, že nás čeká děsivá jízda na 20 000 USD. Ovšem pod námi je teď velmi silná zóna, které se lemuje od 37 000 USD po 39 000 USD tvořena silnými objemy, tato zóna je náš hlavní support, pokud dojde k udržení tak i případný fake break může sloužit právě jako vybrání likvidity před silným pohybem. Je to ideální scénář, kdy dojde k falešnému breaku medvědí vlajky ale daily close bude nad zonou, což by znamenalo potvrzení akumulace, posledn ívstup smart money na retailove stoplossy a cesta k 50 000 USD.
by UnknownUnicorn17520614
1
ETH.Usdt (Y22.P1.E4).2 Strategies trade approachHi All, #ETH #ETHEREUM The rejection was at the 618 level, typical for a lead in trend line and the prior price action aligns with 2 macro strategies. a) Bump and Run b) Wyckoff accumulation Combining these 2 is not as one looks for the bottom and the other looks for a confirmation of a bull run. For now, I'm looking for Wyckoff accumulation schematic to find the bottom and I believe the ST in phase B is taking place and it will be 1 of 4 potential formations then after. Note the wedge and if it breaks out of that key level, short. FYI, I'm shorting since we dropped the EMA. To follow this story, come and join our community. Please give me a like and share, All the best, S.SAri The only issue I have to remain bullish is the cross over of the EMAs approaching the weekly 50 EMA should expect a bounce.
INDEX:ETHUSD
by ssari
2
A very sophisticated bullish escape/breakoutWhen I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general picture. Within that, however, fractal Elliots - Blue is a running flat with a leading diagonal coming off the 3-3-5 completion - Green is occuring at the 3-5 minute intervals so difficult to see at 15 (but 15 is the lowest interval TV lets us post so you'll if you go to the smaller intervals yourself you'll see what I'm saying).... yep, another running flat that is completing now - expect a leading diagonal out of that with waves around some critical levels highlighted below: * apprx 451 (or SPX500USD equiv. 4525) is the gamma inversion level where we go from negative to positive gamma exposure - this is also the gap fill from the other day {expect upcoming wave 2 around here to test support after breaking through on wave 1} ** apprx 455 - this is the flag resistance thats been developing over last week, we tested that support at the bottom of the first flat (blue); excpect wave 4 to test support here before finalizing the breakout on that upcoming wave 5. Target after breakout is SPY 473.
AMEX:SPYLong
by JerryManders
4
Wyckoff ReAccumaltion in SLP? Possible bullish Although SLP has unlimited supply, technical analysis is still working in this coin. wyckoff pattern was shown last time in SLP and works properly As you can see it works here.. Now we need to complete the Wyckoff Re-Accumulation. LPS & SOS should be visible in the next few days so SLP will go up again after this. This will be also possible since end of MARCH origin version 3 will be launced in Axie games which will increase the investors, players and breeders. Plus new burning mechanism of SLP is on the way this year. So even in fundamentals this is a bullish news. :-) PLEASE DYOR and this is not a financial advise. Make this chart as a guide only and do your personal TA.
Long
by ridenz77
VET Sign of Strength RallyThe VET price had been observed in a horizontal re-accumulation trading range from Jan 22, 2022 to Mar 27, 2022. The VET price exited this re-accumulation trading range with the SOS rally. I will make a long entry at the BU/LPS event (around $0.07) and take profit around the next resistance cluster around $0.10. The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes. Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of supply (LPS). This is not financial advice. I am not your financial advisor. This is my opinion.
Long
by Eightchains
5