Wyckoffaccumulation
Wyckoff on repeat (sequel)Completely speculative, crystal ball style. This idea is purely out here as a potential scenario in case we do see somewhat of a repeat.
We may not. It may be time to let the markets do its thing. My overall position is hold until 100k+. I will not take action unless I see this play out.
But as I mentioned, I do believe the manipulators will continue. Their goal is to push the markets up while taking profits.
In this case, if we break the previous ATH with strong sentiment (after having turned it into support), we will see extreme greed returning and participants going long.
The best time for a shakeout.
Note: this fractal is not one-on-one. I increased the size to match the % gains (40% legs) / drops (10% correction, 25% drop to accumulation) during the previous fractal.
Coincidence that it then matches the ATH on the first peak, then testing around that range during the second peak (or is it?)
SHIB USD Re-Accumulation in Scalping Timeframes Given here is the SHIB USD price activity in the scaping group of time frames (1 min, 3 min, 6 min, 12 min, 23 min, 45 min, 90 min, 3 hour) with the Phoenix Ascending indicator, which is comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the white energy (WE).
Here, I highlight two trading ranges for SHIB USD in the 12 min timeframe. The first (to the left) is re-accumulation. The Wyckoff events and phases are labeled. The ideal long entry is indicated by the blue arrow (phase C or early phase D). The second is hypothesized to also be re-accumulation although one cannot exclude the possibility that it is re-distribution. The ideal long entry would be in phase C or early phase D. Wyckoff abbreviations: selling climax (SC), automatic rally (AR), upthrust action (UTA), sign of weakness (SOW), failed upthrust (FUT), secondary test (ST), last point of support (LPS), sign of strength (SOS), buying climax (BC), phase A (Ph A), phase B (Ph B), phase C (Ph C), phase D (Ph D), phase E (Ph E).
Shown in the bottom panel is the Phoenix Ascending indicator. The ideal long entry occurs when the red sRSI is on the upswing and is about to be contacted by the green EMA that is also on an upswing.
This is not financial advice. I am not your financial advisor. This is my opinion.
GBPJPY get ready for the "bullish continuation" from 11/10/2021GBPJPY Accumulation scheme entering the end of phase D accumulation and has the potential to enter phase E to reach the SOS target 162,900 (sign of strength) and after forming LPS (last point Support) GBPJPY will enter the public participation phase.
BITCOIN Wyckoff Accumulation (1D) - Brighter Times ARE Ahead!This chart describes a typical Wyckoff Accumulation Scheme.
Although Phase E is already in effect for a longer time now, considering market conditions and sentiment, I think
the Distribution Phase is not anywhere near currently, especially not on the daily timeframe .
I got a decent entry on this one earlier last month, and just wanted to share this chart with you as how much of a
textbook Wyckoff Accumulation Sequence is this.
But don't get too caught up in this demonstration, as price action tends to differ each time one spots a Wyckoff Pattern.
I hope you found value in this chart, as learning the Wyckoff Method and Price Action is one of the most important things
besides risk management.
Alright you guys, take care and happy trading!
NFA and DYOR
Wyckoff Accumulation appears to have started on lower timelineHello traders!
Looking at the 15M timeline for a bit more 'resolution' in the bar chart. It helps show the Wyckoff pattern well.
I do believe that's what is going on right now. Enjoy some accumulation time and lets hope we get a spring for a bit of an extra dip to buy on.
Have a great rest of your week and I hope you enjoyed some great profits from the last few days! \o/
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DYOR
Avoid FOMO and FUD
Stay calm, don't trade with emotion.
FWIW my charts are displayed on a 4K Portrait mode monitor, sorry if things are squished for you
Palantir..... a case of accumulation Idea is based on Wyckoff theory. Although the price action has elements of distribution present (e.g. the lower low on the secondary test in phase B which could indicate a minor sign of weakness), I believe a more probable scenario is that we are currently still in an accumulation phase. Price held at the selling climax level and both supply and downward result decreased afterwards.
We either are in the last phase of weak hands shake out where we will get one more test and upwards price movement, or we get a spring like action to capitulate weak hands and we resume to the upside from there.
Is Nasdaq currently in an accumulation phase? This Idea is based on Wyckoff's theory. Considering the current bearish sentiment in the markets, it is from a contrarian perspective not improbable that we are actually in an accumulation phase indicating significantly more upside for Tech stocks and the Nasdaq. Also, this aligns with my previous long term analysis of the VIX which indicates that the current bull run is far being over!
Are we the dumb one's? Don't think so...I know TA isn't always the best for AMC in the short term, but it helps to have an idea of what is coming in the next days/weeks/months. First, the chart respects Elliot wave with either 2 scenarios. A, we see a strong movement in the next few days since debt ceiling was supported till at least november/december, China Evergrande will not cause problems as we taught it would, regulations are "starting" to appear and will get into effect in the near term. With that being said, FUD is controled and people regain trust in the market slowly till the end of the year. Now B, it could happen that we see a more side ways movement respecting Elliot wave and Wyckoff accumulation which tells us that we are in phase c or d depending on your perspective and the time frame compared to the month of may run. Anyway... in conclusion i see a strong bullish movement since today a small break out confirmed that we are in a bull trend either than a bear trend on the daily and 4 hour charts.
PS : I'm still eating green crayons till the day i see a million + dollars in my bank account. I'm not a financial advisor, this is not financial advice, i just like bananas and buying the dip. DD is pointless since we already know that are CEO A.A. is doing a fantastic job.
Wyckoff on repeatThis is the pattern that has sustained my faith in BTC price increases since the may crash. Buying the lows at 30k and 40k.
If you look at the volume, it matches as well.
It could all be coincidence, but even if somehow the market as a whole is the cause of this Wyckoff accumulation and distribution repeating (which I doubt), it is not something to ignore.
You can find a clear distribution in September 2020 as well by the way, and we all know how that worked out.
The grip of the manipulators is strong, it won't stop all of a sudden. I would say, keep an eye on the chart. Look at the daily and 4 hour candles.
We may again see this 4 higher highs then a 5th lower high play out. If it does, I know I'll be taking profit right then.
Best of luck to all.
RIPPLE | WYCKOFF METHOD | PHASE EWyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are briefly described below.
Accumulation Schematic
Phase E
The Phase E is the last stage of an Accumulation Schematic . It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
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more information on the Wyckoff Method Explained here in Binance Academy.
Will it bounce high with momentum?Hi im currently watching this market structure at 1hr and saw a possible accumulation. Im testing this piece (spring) if it successful. My signs are 1 low volume and 2 the weis wave is currently strong showing me anomality. I dont know what will be the outcome, all i know i trade in a high probability. If it fails i place a stop loss behind the structure on the spring.
SC - Selling Climax
AR - Automatic Reaction
ST - Secondary Test
UT - Upward Trust
xlm likely accumulationIt is too early to pre-empt whether xlm is truly in an accumulation. That not withstanding, I have identified a zone were price may react from if it happens to be an accumulation. Hopefuly we will see the ST(b) form.
This is of course if we experience btc bearishness soon as all crypto bends their knees to BTC.
Happy trading
Ethereum, 2 OCT - Elliott waves | Gann | Wyckoff $ETHThe Elliott wave count in ETH has been complex and therefore we can look at the construction as a Wyckoff accumulation.
The spring precedes the STs (secondary tests), which is rare but possible.
We have left the stage of LPS and are now looking for signs of strength (SOS), potentially a wave iv (green count), followed by another higher high.
The current wave can also be the (c) of an (a)(b)(c), in blue. If correct, we may see a decline again - despite the fact that price just consolidated for 8 days. However it would make sense in correlation with QQQ. Just as a word of caution.
Potential resistance zones are:
- 3436 the .618 retracement from the 4028 high
- 3500 median between two Gann levels & 1.618 extension of (a)
- 37200 Gann level
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.