BTC Monthly Timeframe Wyckoff Re-accumulation in Phase BHad my eye on this beauty for some time now.
Looks like BTC is maturing, throwing the cycle arguments out of the window, most of the crypto community are not ready for such big swings in sentiment its leaving them all a little confused hehe. Their poor emotions, sentiment swings are extreme :)
Now as price action has developed we can see that we are potentially just in a much larger structure which is a pause in the uptrend. You can see that volume is contracting although there is still some supply in the background atm. Contracting volume and slower acceleration to the downside is a promising sign for cumulative cause though. The causality seems to be growing.
I have put in a dotted line for an apex style formation which is very common in cryptos although I do beleive that the most probable scenario judging by the stock markets is that we do go back down for another secondary test of 28K, I still cannot see any demand here at 43K. There just seems to be some support, there is no aggressive buying by CO just yet. 28K would be incredibly healthy and a fantastic opportunity for investors/swing traders and I beleive this is the true value zone.
Do I see this structure being distribution? At the moment no. Supply seems to be exhausting already, one more leg down to solid support 28K maybe but deeper than that not really, maybe 26K max pain...
One thing to note is the trusty TDI indicator. This also indicates another leg down is possible which would see this reset, a bottomed out TDI indicator along with long term support you can bet is a strong buy signal!
Wyckoffaccumulation
NZDUSD Long: Wyckoff Accumulation Daily
NZDUSD is in a downtrend , creating LLs and LHs.
Price recently reached a Daily IFC after breaking several structural points and showing a change in character, from strongly bearish to a more corrective structure with deeper pullbakcs.
4H
On the 4H we can clearly see a Wyckoff accumulation schema 1#, where the spring rejected our refined 4H IFC and its 15M decisional POI.
Then the price offered a break of structure creating a Higher high. Then price retested the spring and created a new Higher high.
Now price has created a complex pullback to come and fill the gap left by the last 4H run and it's showcasing equal lows above an area of high liquidity.
We have a high probability of seeing an FU candle to reject that area in the coming days.
1H
On the 1H, We can see the structure is bearish but we shouldn’t be blinded, because of the Higher time frame distribution pattern.
The purpose of 1H bearish is probably to clear liquidity below before heading higher.
Hedging:
As an hedge in case our hypothesis fails, we could wait for the BOs in the 15min chart in the direction of the overall Higher timeframe trend and enter short, aiming at least to our target area belowS
Institutionnals and the Wyckoff game - BTCUSDT ANALYSISAgain and again we can speak of Wyckoff on BTC like this past few weeks. Last pattern on 4 hour timeframe failed and didn't gave long swing opportunities. Unfortunetly, nothing to say for the moment on daily / 4 hour timeframe (we are always on the support area (gray area) and we wait for a signal or a breakout to identify new patterns), so I will do an update on lower timeframes to let you know where was/are opportunities and where the activity is centralized.
So let's speak of the 1 hour timeframe, and .... taadddaammmm ! Well known structure now for you, the Wyckoff Accumulation Pattern (WAP) ! It could be legitimate from yourself to think I see WAP everywhere but it's specific to this asset and cryptocurrencies overall. Easily explainable by the high interest of retailers for this assets, their weak knowledge of markets and their high acuity to be emotionally influenced. Combined to leverage that just give a lot of opportunities to institutionnal to make money by manipulating this weakness of the cryptocurrency market. So this just appear normal to see WAP many times on this assets.
Now let's talk about the graphics, the famous WAP, useless to speak again of the construction of this pattern so let's go to the conclusion : Institutionnals showed their intentions. We spoke a lot of the necessity of buying volumes on the 4 hour timeframe pattern, and we also waited them a lot, without finding them. Today we saw them, and we saw them where they had to be present, each support have been defend with strong movement, AND the pattern have been completed ! Yes the WAP is a reversal pattern and we are always in the range, so how could it be completed ?! Spring have been done, we goes straight to the resistance lines and SOS failed : THE END (I will comment with a picture on 5 min timeframe to see precisely spring, SOS and opportunities in this WAP). Now we are in a range and we can't speak again of the WAP. It was a day for daytraders and scalpers dynamize by institutionnals, no hazard if market woke up around the US session. If you are swingers wait your turn, we have short term signal, nothing strong to expect a daily bull trend today.
So where are we going ? No crystal ball here, or we do a strong breakout of resistances lines with buying volume and imbalance in the area of resistances lines or we will go at least retest the support and, like always if we don't have buying volume, we will go lower, again. Why not retest the spring, why not the bottom of the support area (gray area). Perfection for institutionnal in term of exploitation of retailers should be a flush under $39,400, where should happen the next movement of panic and exhaust. If it's the case, it's imperative to close back in support area. Each one of this area will give opportunities to make money if we have buying volumes, but always on short term and timeframe. It's also why I don't project myself neither long neither short, we are on short timeframe so we aim for daytrade or scalp on this timeframe.
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue ! This idea will be probably update until I did a new idea.
Wyckoff Consolidation Pattern ES S&P 500 is developing a nice consolidation pattern that looking to evaluate it as an accumulation schematic. Price penetrated the lower trading channel on lower volume than the previous two trading days indicating exhaustion by sellers. Price ended in the lower resistance channel on Friday's close. Expect a short downward movement to open the next session followed by movement upwards. Elliot wave count (not published) to me indicates upward movement that will start either Wave B of a correction that ended at the high of the previous bullish impulse or Wave A of a correction that is starting at today's low.
BTC Bullish Idea.Hey guys, here is what I am looking out for from BTC over the next 30 days.
This idea is based off the Wyckoff accumulation pattern. It's a classic retail shakeout tactic where institutional investors fill or their cheap BTC orders while we sell low and buy back high.
BTC dominance is starting to trend higher so Alts will likely get wrecked over the next 30 days.
Time to accumulate BTC for the long term.
Not financial advice, do your own research. Its a very high risk and volatile period.
More updates soon.
USDCHF trading idea, is it accumulating?USDCHF trading idea, intraday trading with Wyckoff method
Here's a Wyckoff accumulation schematic.
We'll wait to see price re-test Last point of Support.
If price reject this level, we can try entrer long positions.
And we'll only enter when there is enough confirmation in small timeframe.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
ACCUMULATION PHASE! | WYCKOFFIANSIf you've been following my charts a bit, then you know I've been expecting that drop for a long time. If we continue to follow the Wyckoffian logic scheme then it is quite possible that the accumulation phase is at 29k.
But today I looked at the charts again, and I noticed that the moves we're making now are very similar to the accumulation phase we saw in May/June/July 2021. I thought I'd make an idea. So it could very well be that the 39k range is the new 29k. And that that is the bottom before we hit new highs.
We will see! Do let me know what you think about it!
Seeya
What are we waiting for ? - BTCUSDT ANALYSIS - H1We are in the area targeted in the past analysis, we have a nice reaction on the spot, we have strong volumes, augmentation of the volatility, the stop hunt have been effectued, the spring is going on.
So what are we waiting for ?
The structure of the pattern is clear : we have exhaust selling volumes, buying pressure on the spot, confluence of levels. So we wait for buying volumes ! Like the past few days, on each support, I said to wait for buying volumes, if we don't find it we will go back lower to try to find some.
Unlike the past support I think we will find some in this area, because of the pattern, because of the goal of the stop hunt and the spring. We eliminated retails and made the place for institutionnals. It's time to see if there is conviction in it. If it's the case follow the trend, else, wait for other setups.
Also, I did the past analysis in 4 hour timeframe, if I decided to explain this one on the 1 hour, it's because of the configuration of the spring. Typically the reversal pattern is a V-Turn /Short U-Turn and evoluate in a mix of panic and precipitation. We play with emotions of investors, it's move strongly and fast, so we have a better view of what's happening on a shorter timeframe.
PS : Apologize for my english, I do my best. Don't forget to like, follow or comment if you like, it give me some strength to continue !
Polkadots last correctionAs we all know, bitcoin is having a correction. this often brings alts, just like polkadot, with it.
On the chart you can clearly see where i think polkadot might be headed in this last corrective pulse.
This is an orderblock where price may come down to for large institutions to be mitigated.
This would create a huge double bottom (retail) pattern with a target of around 42$.
We lost 4,6% in 20 minutes, like I said ! - BTCUSDT ANALYSISHere we are again, like said in the past analysis (attached to this one) we can see the stop hunt pattern. We lost 4,6% in approximatly 20 minutes and all of it due to the stop hunt pattern.
However it don't seems to be a flush to my eyes (for the moment at least) so this mean that there will be opportunities to enter on the support. And it's not finished too ... Like I said I target the yellow area to consider the movement like a proper spring of Wyckoff accumulation pattern (lower it is in the area better it is).
But we just entered on a closer area which can do the job also (red one). Like I already explained, it's hard to determinate ths SC point, because there is this big flush on the 4th december which hide it in an exaggeration of market. However if the red one had to do the job we will see it directly in the next hours with huge buying volume, but I don't think so and my vision is always to aim the yellow area.
There could be a good conjuncture between the broken resistance of the down channel and this area also (we didn't reinstate into the channel so it's always a support).
Also, even if we go lower than the yellow area, don't forget that we are on support until $39,500 and we are not in bear market until $28,200.
It's an hard moment for some beginners where emotions are roughed up. But it's also the moment where you win most of your momey .... by not losing it .
So don't worry, be happy, be patient for opportunities and like always, only one advice to give : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" .
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue !
Wyckoff Accumulationlooking at a larger timeframe wyckoff accumulation for bitcoin.
seems to me as though the schematic is close to done, now that we are forming a spring.
now let's wait and see what it's next move is. we either:
- break structure to the upside and go on to higher highs,
- or we invalidate the schematic by dropping below the large wick.
Wyckoff Accumulation SchematicWhat Happens After Wyckoff Accumulation?
Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position.
In the accumulation schematic, the trading range represents the space between the SC low and the AR high. While secondary test usually happens when the market drops near the selling climax region to retest and confirm if the intense selling pressure is prolonged or ended.
Generally, during the accumulation phase, the price remains sidelined for range-bound trading after a strong downtrend. Larger players build positions and eliminate retail traders from the market by creating hopes of a further drop in the price. Once smaller fishes are confident about the price drop, bigger players aim to move higher after filling their positions.
According to Wyckoff, there are six stages in the accumulation phase. These stages include:
● PS — Preliminary Support: The preliminary support appears after a long bearish trend. Traders may experience a high volume and spread widening. It is the first indication that the selling pressure will end, and buyers may control the price.
● SC — Selling Climax: In the second step, the price begins to sell off, violating PS. This is a panic selling phase. After a while, the price may reverse after exhaustion, when the spread might extend to an extreme level. In the end, the price may close far from the low with a long-wicked candle.
● AR — The Automatic Rally: This part can be disastrous for sellers. After the violent selling pressure of the SC, the price reverses and recovers all the movement shown toward the sellers’ direction. This phase indicates that short sellers are covering their positions. The high of this movement determines the high of the range, which is a significant barrier for most buyers.
● ST — The Secondary Test: After the AR, the price will go lower again but controlled. In this movement, sellers’ volumes should be higher, and there may be multiple secondaries in the price.
● ST — The Spring: In this phase, the price will perform a hard test of recent lows that will mislead traders. After watching the spring, average traders will consider the market trend bearish and start selling trades. However, the price should show a swing failure pattern and move up after a shakeout. This phase is prevalent with altcoins that have bottomed out for a considerable time.
● AS — Accumulation Schematic: The last stage of the accumulation cycle. The price should break out from the range with an impulsive bullish pressure and confirm the upcoming bullish trend.
Spring Wickoff Incoming ? - BTCUSDT ANALYSIS - H4Let's go directly to the goal : I said to be careful in my last analysis because we didn't had buying volume on the pullback spot (you can find this analysis attached to this one). Effectively it didn't lie, we are back on the spot with a high volatility risk for the next hours/days.
WHAT WE HAVE ?
Down channel break by the top, one pullback already made, not reintegrated for the moment.
Accumulation pattern of Wyckoff, volumes into it are stables so it can occur to a spring.
6 Stop hunt spots to exploit for institutionnals on one of the more leverage assets.
WHAT I THINK ?
We've seen in last analysis that we didn't had buying volume, so how can we find some ? Two possibilities here, or we retest the support until we absorbed all sellers and buyers overwhelmed them. Or we strongly move down to exhaust sellers and erase them on the next support with a strong buying pressure : typically a spring setup.
The fact that we have some stop hunt spot here into what's can be an accumulation pattern of Wyckoff (I don't take in count the flush because it's clearely an excess of market between volatily, leverage, panic, high spread...) make me think that we will assist to an increased of volatility on the support which will probably occurs to a spring. If it's the case it can take two shapes, one construct with a strong selling pressure and a V-Turn on the support area followed by a strong buying pressure. Or as usual it result in a flush which will go much lower than the support in an excess of volatilty. If, unfortunatly, there is a lot of leverage positions on the stop hunt spot, it will probably be a flush, and loose around 3-4% in a few minutes creating a movement of panic.
WHERE IS THE SUPPORT TO TARGET AN ENTRY ?
If we have buying signal here on the support lines (with buying volumes !), it could be a nice spot for a long, targeting $51,200, no more for the moment and with a small capital exposure.
If we go for a flush spring : just stay away of it, there isn't money to do when you can't bring order in chaos.
If we go for a construct spring : We will probably see the support to target for an entry between $43,300 and $41,800 (gold rectangle area on chart). It's even better that we can do it without reintegrate the down channel, and also because their is a major support zone just below (silver rectangle area on chart).
You can see this setups with gray arrows on chart.
Like always : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . Stay patient for opportunities.
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me the strength to continue ! I wish you all success you need for 2022, on every side !
GME Wyckoff AccumulationGME has just completed a spring/shakeout and the trend will gradually become bullish. GME IV percentile is at/near the lowest it has been in the past year, and institutions have been using this opportunity to load up stock and options. Options open interest in meme stocks (GME, AMC, NOK, BB) have been sizzling lately. Meme stocks should have an explosive beginning of the year.