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Wyckoffaccumulation

NZD/JPY 4H Wyckoff 23:1 Risk to Reward RatioWyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase. Wyckoff gives you a big Risk to Reward Ration if entered right. In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR. Phase B had an Ultimate Thrust followed by an ST for Phase B. Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along. Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along. You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries. You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :) Please share and support and let me know what you think in the comments section. Thanks !
by yousifkf
BTC USD Nearing Support in the Daily TimeframeShown here is a brief re-accumulation trading range (Jan 22, 2022 to the present) for BTC USD in the daily timeframe. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones. Significant bars, which help define important areas of support and resistance, are given by the blue shading. The upper and lower bounds of the linear regression channel are given by the solid green and red lines, respectively. The solid black line is the midpoint of the linear regression channel. In this case, I expect the upper bound of the linear regression channel to act as strong resistance and the lower bound of the linear regression channel to act as strong support. Shown in the bottom panel is the Phoenix Ascending indicator, comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the grey energy (GE). The ideal long entry occurs when the red sRSI is on the upswing and is about to be contacted by a green EMA on the upswing. Wyckoff abbreviations: automatic rally (ARa), back up (BU), last point of supply (LPSY), last point of support (LPS), phase A (Ph A), phase B (Ph B), phase C (Ph C), phase D (Ph D), phase E (Ph E), secondary test (ST), selling climax (SC), sign of strength (SOS), sign of weakness (SOW), upthrust (UT). With regard to Wyckoff events, opening a long position on the BU/LPS typically is a pretty safe entry. The Phoenix Ascending events suggest that it isn’t quite time to open a long position. For example, it’s generally a bad idea to open a long position with the sRSI trending downward. It would be better to wait until it trends upward again. Patience is key to consistently profitable trading. I would consider opening a long position around $41,600 and closing the position around $48,500. Let’s keep our eyes on this and act accordingly. I will provide an update with regard to my actual trade. This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDLong
by Eightchains
7
Wyckoff Distribution Setup, Spring Test CompleteLRC Looks like its set up and good to go, we already had the spring test and are now testing the last point of support of the next leg up, expect this to take a few days to fully play out. As we can see the rapidly dropping demand through december and january led to an automatic rally where we tested a resistance level, and it was rejected, a backtest to the last point of support showed that we had become oversold, and demand started to increase. We are now at the pivot point where demand will greatly exceed supply and the price will rise rapidly. This is all of course, if BTC behaves.
LLong
by BarryMcKokaner
2
Looking for a potential beginning accumulation structureIt's too early to say, and, take with a grain of salt. But I think it's worth watching from here in case this is the beginning of a lateral accumulation movement. I'll be watching for more key events such as an automatic rally to the top of the structure, and over time further tests of each side. We'll have to wait and see. Clearly the stock came out over valued, had a typical IPO pump and dump, so it makes sense for investors to look for a lower accumulation zone. Hopefully this is a suitable location. PS... I am but a learner of the wyckoff method. ;)
NASDAQ:RIVNLong
by Rolleys
Would you take a little of Wyckoff again ?I will not develop the wyckoff accumulation pattern again, I made already a lot of idea about it in the past few days and on short timeframes and don't really have time to write a lot right now on a trading session. So I will just say that we are always in market psychology pattern, the accumulations of this ones on the few last support, show the interest of institutionnals to find a level which can act like support. The daily plan develop in the LDTP idea is always in activity and before the close of a candle there is no conclusion to be drawn. I just note that I like the fact the spring of this Wyckoff accumulation pattern happen on the top level of the major support area. If we close back up tonight it could be a good candle of pressure, with volume, and new level added in the pattern. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" PS : I'm sorry for the entry signal, too short timeframe to be post as idea. I'm actually in on the spring, breakeven already. I will try to post signal on retest of support or SOS/LPS of resistance if I have time to write it at time and if we go for it.
by Kentg
6
bitcoin finishes up correctionWrote the schematic of a Wyckoff accumulation on the chart of bitcoin. Schematic explanation: Starting with a sellng climax (SC) and a secondary test (ST) where volume is still great. After phase a completes, volume starts to diminish and liquidity gets created by the secondary test in phase B (ST B). This liquidity trendline gets taken out by the forming of the SPRING. Here volume starts kicking in again and structure to the upside gets broken. What’s next: very often after a spring is created and we break structure to the upside, we create a sign of strength (SOS) and come back down towards the spring to test it (black arrow). If this will happen is still uncertain. Big picture: The reason I’m looking for a reversal point (Wyckoff accumulation is a point of reversal), is because bitcoin has just entered my 3D point of interest, ranging from around $29.3k $34.5k. This is where we should see bitcoin reverse and start pumping again. If we drop below this point of interest however, we could be looking at a lot more downside in the near future.
BLong
by Juniorl09
Bear claws taking a big swipeBeen some rough days for the bulls lately. I've update my Wyckoff trading channel. Friday's trading was very steep and high volume that may, just may indicate a selling climax. It is possible we get another low but I count 5 waves over the last several days which could indicate the finish of a C wave in this correction for an expanded flat or zigzag. Pure Elliot Wave has some nice Elliot wave assessments from Lara that are really helpful in keeping track of these trading channels. I placed a downward trading channel for this down movement but likely too steep for any significant value. Volume has been increasing for the most part over this bearish pattern and with Friday's candle closing on the low on high volume, still indicates bearish sentiment. Had that candle been green or a bigger tail on high volume, would indicate a turn towards upward movement I would think. This is information only and by no means implies any suggestions for trades. Trade at your own risk. Good luck.
CME_MINI:ES1!
by HedgehogLanding
Spring or continuation?I was a bit surprised at the upward movement but still maintained a correction sequence based on Elliot wave theory. I was counting that upward movement as a Wave 4 correction and came close to invalidation by overlapping Wave 1. Close but no cigar. I think we will finish up Wave 3 on overnight trading and into tomorrow's session with a nice correction and probably a short Wave 5 to finish up the "Spring" if the overall count is bullish. It's quite possible this is a start of a bigger correction that will last for quite a while.
CME_MINI:ES1!
by HedgehogLanding
Wyckoff ConsolidationRiding the fence tonight providing a couple of options for price movement. This is looking like a really nice Wyckoff consolidation pattern but time will tell whether it is accumulation or distribution. The effort (ie volume) is in the red candles with increasing volume vs decreasing volume on consecutive green candles. Personally I think this is a massive accumulation range that will continue upward long term but for now will be sideways trading. Pricing is respecting channels so far so there are opportunities if you can handle any draw down. From an Elliot perspective, this is looking like an impulse wave and in the middle of Wave 3. Wave 1 was a big one so will see how this shakes out. Impulse waves are 5 wave patterns that can exist as Wave's 1 3 or 5 on impulse waves or Wave A and C on corrections. Personally I think we are in a Wave C correction going down.
CME_MINI:ES1!
by HedgehogLanding
Bitcoin OlympicsLook at the similarities between both wyckoff accumulations. The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning. What i mean is that, if everyone expects it to drop towards $40,5k one last time, there will be so much liquidity below that level. This might cause large institutions or the composite man to send bitcoin below 40k towards lower imbalances or orderblocks...
BITSTAMP:BTCUSD
by Juniorl09