Another Wyckoff Accumulation forming + Bullish Gartley.Looks like another Wyckoff Accumulation pattern is forming inside of a Wyckoff accumulation. Yesterdays crash to 31500 was the spring of the pattern which also was a completion of a bullish gartley. We are currently in Phase C of the Wyckoff accumulation pattern on this smaller accumulation. Remember, the Wyckoff accumulation pattern is a manipulation of the lows which is clearly visible on the chart. There are also bullish divergences on the RSI and the MACD! Really good entry for a long position after the test of the spring. Targets to look out for would be the 41-42k area. Don't forget to follow for more trade setups. Good Luck traders!
Wyckoffaccumulation
XRPUSD - Clear Wyckoff Accumulation PatternXRPUSD is in a clear Wyckoff Accumulation in my opinion. I believe we will trade sideways for a long time, at least I hope so, my past experiences have always taught me that longer accumulation periods result in higher capitulations/blast-offs. I am bullish on XRP and crypto overall.
I am certain that we are not in a bear market.
How long may this accumulation period last? No one knows, time is impossible to predict. Time in the market always beats timing the market. We will be going up, the question is not if but when. Price action is boring now, just sit back, relax and be patient.
Not Financial Advice.
XAU USD Order flow is BULLISHHey Guys, Gold is done with a very long term accumulation as we have finally broken structure upward, and on this current pull back we see once again we have accumulated by manipulating lows and breaking minor structure upward, that means pull back is done, expect up moves from here on. My zone of interest is the daily candle that took the final lows before the minor break of structure. Keep in mind this is a zone of interest and not an entry price, as price plays into the zone i want to see the lower timeframes accumulating as well, then when the lower timeframes are in line with the higher timeframes (when lower time frame orderflow is also bullish) then we enter for longs and take it to the moon.
YouTubers Need You to FreakoutI'm not saying one way over the other which way BTC will break, but what has become incredibly annoying are all of the Crypto influencers out there stoking your fear or euphoria about which way this thing goes in the short term. So, here's my short take on all of that noise:
Bitcoin is in a Descending Wedge....
It has been since the beginning of this manipulated Accumulation phase...
Influencers can play whatever ominous intro music they like, draw whatever triangle, rectangle, flag, line, happy or sad face on a chart they want to get your likes and your return visit. Through all of that garbage, BTC remains STILL in a Descending Wedge.
So let's all take a chill pill, lower the blood pressure, be vigilant, and play the move when the move happens - whatever the move is, just be ready.
Wyckoff Accumulation PatternHi everyone,
We are in Phase C of the Wyckoff Accumulation Pattern, and are witnessing buyers finally stepping in and accumulating Nano as close as they can to the support created by the shakeout at the start of Phase C at $4.24.
Buyers are greedy so I suspect they will keep us in this range for as long as they can, so they can accumulate as much Nano as possible before the next run up.
Best buy price is $4.24-$4.5. I would not buy above $4.5 until we know for sure it's going above $5 and staying there; or else buyers will just let it fall to $4.24 once it reaches $5 again
Disclaimer: Not financial advice; just opinion. I own positions in Nano
BTC - Wyckoff AccumulationAccumulation Schematic
Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move.
The Selling Climax (SC) is formed by an intense selling activity as investors capitulate. This is often a point of high volatility, where panic selling creates big candlesticks and wicks. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. At this point, the trading volume and market volatility tend to be lower. While the ST often forms a higher low in relation to the SC, that may not always be the case.
Phase B
Based on Wyckoff’s Law of Cause and Effect, Phase B may be seen as the Cause that leads to an Effect.
Essentially, Phase B is the consolidation stage, in which the Composite Man accumulates the highest number of assets. During this stage, the market tends to test both resistance and support levels of the trading range.
There may be numerous Secondary Tests (ST) during Phase B. In some cases, they may produce higher highs (bull traps) and lower lows (bear traps) in relation to the SC and AR of the Phase A.
Phase C
A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did.
The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings.
In some cases, however, the support levels manage to hold, and the Spring simply does not occur. In other words, there may be Accumulation Schematics that present all other elements but not the Spring. Still, the overall scheme continues to be valid.
Phase D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E).
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.
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.
Wyckoff Accumulation, Last chance to get in before the big move!So I know many people are saying that this Wyckoff accumulation pattern has been invalidated due to the lower highs and lows we have been getting but I still believe this is part of the wyckoff accumulation and we are really close to the markup stage. Here is my argument to why its still valid. So first off wyckoff patterns are never 100% accurate and we can prove that by looking at previous charts and history. They all play out the same way in the end but the process might vary from chart to chart and coin to coin. These past lower lows we have been getting look really familiar with the distribution phase we had when BTC reached 65k. So I went back and looked at the distribution phase of BTC and inverted the scale so that it looked like a wyckoff accumulation instead of a distribution. As you can see: BTC did the same exact thing it is doing right now by forming lower highs and lower lows trying to shake the last retail investors before finally rallying up to 40k. In the image I posted BTC went for about 25 days from the (spring) stage to the launch up (inverted ofcourse). On this chart right now Its only been 20 days from the spring to where we are right now. If we add 5 more days that would put us at the 17th of July which is where Im personally expecting this big move to happen. Now if BTC breaks out of the falling wedge and retests that resistance as support that's a strong sign of bullish momentum. Also as soon as BTC breaks my green box around 36k it should according to the wyckoff accumulation pattern go straight up to 41-42k and form the pennant. Now this was quite a long post and I would really appreciate a follow or a like. If there is anything that isn't clear, feel free to ask me in the comments! As always, good luck traders!
$DTSS Wyckoff Re-accumulation after decline$DTSS Wyckoff Re-accumulation after decline, between Spport and Resistance levels
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Still waiting for a drop? Will we get one? Just an updated view of our sideways action. Looks like I will need to redraw the accumulation phase as we are stuck between 32k - 36k. I still expect a dip soon which will start our rebound possibly. This chart will not change as I am curious to see how this plays out compared to the accumulation model.
GME | Wyckoff Accumulation PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued 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 in high point 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 an SC , reflecting the buying by these large interests.
AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC .
- It is common to have multiple STs after an SC .
LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume .
SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume .
- GME is in a Wyckoff Accumulation Pattern
- Latest drop indicates a Bear Trap setting up GME for new ATHs
Bitcoin Continues Down Falling WedgeIf you've read my previous posts, you'd know that I've been primarily tracking a Falling Wedge that Bitcoin has been in. Despite all of the noise, that's all it's been doing since May. It's had 11 touches to its top resistance line and 4 to the bottom support line. I have also drawn a resistance line above the wedge, and what becomes evident is the 4 times in this Accumulation phase that Market Movers have tried to fake us out to the top.
One notable difference in my chart here is the "ST in Phase B" designation where I was previously calling the "Spring." Honestly, we won't know which it is until BTC makes its next move. If that WAS the Spring, then we should see a move to the upside in the coming week or so. If it wasn't the Spring, then we should expect a Spring and have bags ready to buy up 28K Bitcoin.
So what does this mean? It means that fundamentally, nothing has changed for weeks. Whales are accumulating, paper hands are getting wrecked, and short attention-span traders have changed the channel.
All by design.
We've stuck with it this long. Would make no sense to miss the pay-off, and it's going to be soon.
EURGBP UNPOPULAR OPINIONDISTRIBUTION INSIDE AN ACCUMULATION
I cannot tell you guys in full totality that this schematic is right for sure, it is just an anticipation of the many possibilities offered by the market.
Overall bias is shorts till they sweep the liquidity below.
Interms of intraday perspective I think price will continue down and reverse at 0.8500 zone in preparation of a lpsy.
Enter shorts if and only if price shows signs of a distribution to go lower at the first lpsy.
Classic Wyckoff Accumulation playing out.Noticed a perfect example of a classic Wyckoff accumulation playing out on the 6H, and wanted to do an explanation of how instructional investors and whales define support and resistance zones and use them to shake out retail investors during accumulation.
The Wyckoff method plays out in every market that has institutional investors. Once defined, understanding it is a powerful card to have in your hand when you're trading. You'll notice from the volume profile on the right that the price action stays within defined support/resistance levels.
That's because the big buyers set the levels. This $31,500-$40,500 range is also the defining volume range in the distribution leading up to the ATH, making it a substantial level of support over the long term.
Reading volume is important when doing Wyckoff analysis as it will definitively tell you whether a move is false or not.
Note that the uptrend in Phase D & E are for illustration. We may still have some bear market to come, but we are at the strongest region of support since the start of the bull run, so we may be turning around.
Understanding the psychology of greed and fear is important as well. Greed is the driving force of large investors to shake out smaller retail investors during uncertain market times. It works because retail investors tend to trade on emotion, becoming fearful when a large price drop takes place. Institutional investors can ignore emotion and and simply stick to their targets as they have a much larger financial cushion and the ability to act as market makers on a larger scale.
Once you understand the psychology of fear and greed in markets and how volume can be used to confirm price action, you can stop being fearful, stick to a strategy, and begin trading with the market movers instead of against them—as more often than not this is a losing battle.
Wyckoff's Accumulation phaseThis is Wyckoff's Accumulation phase that is tricky to understand, Wyckoff's methods are real smart money concept. Actually Wyckoff's understand how SM place their orders. So after a long time by studying markets sir Wyckoff distributed his knowledge between public. And reality is Support and Resistance work but not so nicely SM know how retail traders trade the market. So they break the retail levels induces public and collect their orders and reduce public From trades. Concepts are little bit complicated to apply in real time chart, but it actually works.
If anyone wants to learn those concepts then they can search on Google 'Wyckoff's method'.
$NMTR SINE WAVES$NMTR SINE WAVES
RS Ratio: 1/10 on 2/07/2018
Wyckoff Re-accumulation after decline, Strong Volume building
High Spike in Volume, MMs loaded on 8/17/2020
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My Revised Take On The Wyckoff Accumulation Schematic On BitcoinMy Revised Take On The Wyckoff Accumulation Schematic On Bitcoin
In this chart i show you the support and resistance levels that i am looking for in te coming weeks.
Looking at the last wyckoff pattern i have drawn i changed phase D because it looks like we got the retest to 32k as i initially expected. the last 2 whicks therefore can be seen as one on the wyckoff pattern, as that is possible in these type of patterns.
I also lowered the levels in phase D because they didnt align with the whicks in phase A and B.
I will be bullish if we break 36k short term and 42k long term, bearish if we retest 30k again.
For now i hope we are still following this pattern an see some green in the coming weeks.
Bitcoin – Accumulation: A Wyckoff Study With BTC breaking down below $32.7k, it appear to me that we have just completed a wave 4 corrective triangle, within the final wave 5 of a larger 3-3-5 correction. All that is left is the final capitulation to complete the last element of this corrective structure.
Read in the context of the Wyckoff Method, this gives the technical structure for what I show as a Redistribution, and the final capitulation into a selling climax that will invigorate the Bulls into value buying, and trigger the Spring that has been so long in the waiting.
Looking at the Fibonacci projection for the larger corrective structure, and the Fibonacci Channel that has defined the trading range since late May, it appears that the bottom of the correction and the Spring is around $26k.
At least that is how I see it.
Bitcoin Wyckoff Accumulation Cheat Sheet (Update 1)Update on the previous cheat sheet with new trendlines and support/resistance levels.
Have also included the cumulative volume of each swing high and low since the Spring/Shakeout, to better show accumulation with lower volume on each pullback compared to up swings. (Note that volume is only based on BINANCE:BTCUSDT )
It appears we have just formed the second test of Phase C, with a confirmation of moving on to Phase D once we clear the 36600 swing high.
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XAU USD Potential LONG zone (read comments for in depth details)Hey Guys, looking at gold's most recent price action on the daily TF, we can see we have accumulated almost at the same level of a previous re-accumulation. in fact, in the current accumulation's spring, we cleared the lows of the previous re-accumulation zone. which is very interesting and nice to see. so now that price has accumulated, and made it clear that it took the lows and broke structure upward, we can now look for zones of interest to go long. Now for my zone of interest id like to play of the daily IC, and would like to see a smaller TF accumulation as we enter the zone of interest, if i dont get that accumulation in the zone of interest then i wont be going long. Here's some screen shots in the comments to show a bit more detail.