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Wyckoffaccumulation

BTC/USDT Wyckoff accumulation perfectly in play 4hThe current pullback for Bitcoin so far mirrors perfectly the Wyckoff accumulation pattern. We are currently in phase C where we recover before the next consolidation in phase D. Hopefully you will get a bit more confidence again after reading this. Phase A: The downfall where we see a short stop at previous Support (PS) around 43k. Breaking below did lead into a selling climax (SC) down to 30k. What follows is the automatic rally (AR) back to 41k where we did meet the 0.3Fib line acting as new resistance. Finally we see the secondary test (ST). Phase B: Moving between the consolidation range 30-40k. Phase C: It seemed we found the bottom around 30k but as often many people get shaken out due to the so called spring that breaks through the support at 30k just to come right back above it. After this we get the test at 30k again and see the support again. People are getting more confident again that this was the bottom and start investing again. Phase D: Relieve rally back to the 40k level. We get a test at the last point of support (LPS), back up (BU) and sign of strength (SOS) which indicate a breakout to the upside. Phase E: Going for new ATH. Model idea is taken from here: phemex.com Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, white and pink lines are 200MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Wyckoff – Have the Spring been reached?An update to the Wyckoff Chart, adjusting the pattern for the past few days of price action that has seen Bitcoin break to new lows, recover and then fall to retest the low zone. This looks like a text book structure for Phase C of the Wyckoff Method, and if continuing to hold to this pattern, we should see Bitcoin begin its rally to new highs starting from here. However , I still feel there is a likelihood that the bottom of the spring might not have been reached. For instance, I have a very hard time confirming that there is a 5-wave count to the bottom of the Spring and there seems to be persistent weakness, with the MACD looking bearish and a firm rejection at the 20MA that delivered a bearish engulfing bar. On top of that, the recent low has fallen short of both the correction projected from the Head & Shoulders pattern and the Fibonacci retracement for wave C…while there are still signs of weakness. Perhaps the lack of a bullish reversal signal, or the prevalence of bearish indicators doesn’t matter in the world of Wyckoff price manipulation, but I am cautious here that the Spring has not yet been reached and we could still see a brief but sharp move to the downside. So I think I am bearish while price remains under $35k.
COINBASE:BTCUSDShort
by Crypto-Swing
45
Wyckoff Accumulation Phase for BTCBTC has been trading sideways and it found a bottom after a huge drop from 59500-ish. Then it was bouncing between two major support level 42K and 31K and started to form the famous Wyckoff Accumulation Phase, recently on the 22nd of June we formed a Spring , and now we are in the Test ing phase if the test succeeds we should slowly but steady start to march toward the upside and after LPS (Last Point of Support) at 35K, and then if we go above 42K it's a SOS (Sign Of Strength) and if we make solid support there we should be ready to continue to the uptrend. Resource: medium.com
Long
by Andr0iDD
2
BITCOIN - Wyckoff Redistribution Backup ActionHello everyone, rouzwelt here As I demonstrated in my last idea which you can see its screenshot below (Full Article Link Bellow) that we need more info and more candles to get printed so we can begin to say wether BTC is in accumulation or redistribution phase. And right now after BTC failed to break Last Point Of Supply and rejected, we are seeing a lower low getting printed, although that's not the best news, but that shows us that we need to be prepared and position ourselves accordingly. And right now we can clearly see that BTC have entered its backup action phase, where a smaller version of wyckoff method is playing out. I have noted the events in wyckoff method in the chart and projected the price action which is probably going to play out going forward. Price now may rise to middle of the wyckoff channel then gets rejected that forms the LPSY in Backup Action before dumping again to print a local lower low (below SOW - bold red line) or a golbal lower low (below SC - dotted red line) and forming the last LPSY which is where I personally am going to position myself right there. Although I should note that there is still a chance for this idea to get invalidated if we start rally higher and print a higher high, break above the 35/36k resistant and head to our main resistant area of 42k, and when that happens I'm going to start thinking that this whole price action of last few weeks may have been an accumulation, but we sure need to see BTC break above 42k resistant and print a higher high, that's the key. But for now the chances are low as BTC is close to the bottom of the channel and we don't see buyers showing any sign of strengths. I should note that the higher the volatility at this stage the more chance BTC is in redistribution rather than accumulation. How much price can dump if this idea plays out? I don't know and I don't care at this moment, all care about is that I can open my position with minimum risk possible, and on that note I'm going to end here. Have fun and trade safe.
by rouzwelt
3
We Are In Phase C of the Wyckoff Accumulation PatternHi Everyone, I have applied the Wyckoff Accumulation Pattern to ETC. I previously posted a Wyckoff analysis on the Total Crypto Market, and it clearly shows we are in Phase C of the pattern. For ETC, I argue we are also in Phase C; however, sellers have been more aggressive in ETC, than the overall crypto market. I suspect we have gone through most of the selling, and as volume picks up we will see more buyers and an eventually push into $62-$72 by the end of July. We still have to breakthrough the 50 and 100 MA on the 4hr before we are truly heading to $62, but once broken, there should be nothing stopping it. If ETC fails when exiting the upper end of the support, then I suspect we will be heading much lower into the $20 range.
KRAKEN:ETCUSDLong
by Stonewoof
We Are In Phase C of the Wyckoff Accumulation PatternHi Everyone, I have applied the Wyckoff accumulation pattern to the sideways price movement of the Total Crypto Market that has occurred since the first major dip in late May. I believe we have entered Phase C of the accumulation pattern and have gone through most of the sell pressure we will experience; the volume has picked up and more buyers are stepping in. We still are not out of the woods yet, as we are approaching the 50, 100, and 200 MAs on the 4hr and to break their resistances before we are really home free. I expect some small dips as we move into Phase D, where we will eventually breakout of the resistance into the highs of May, and we enter another accumulation phase. I am long on crypto and own: BTC, ETH, ETC, NANO, XLM, and ICP.
CRYPTOCAP:TOTALLong
by Stonewoof
Bitcoin is In accumulation Zone ? Wyckoff model BtcusdtIt reflects the whole idea of a potential accumulation zone of 42-30k, which was put forward as the main one on June 4. Very often I consider different models, both analysis and trading charts. I can say that according to this model, the levels of $ 30,000 and $ 32,000 act as a large reference support zone Secondly, if you notice on the daily timeframe, the price almost immediately returned back above the 32000 range. Starting from the 4-6-12 hour timeframe, the closing of trading was above the specified zone. This model implies that a big player averages the price in this range, although what to write here, you can see everything for yourself. Because at this moment it has already become obvious to many of these zones, let me remind you that the key resistance is the same; 38930 - 42190, and the support is; 28805 - 32180$. Making an overview of this situation, I can say that all this is interpreted as a flat with a wide range of price movement, which partially confirms my hypothesis about lateral accumulation in the range of 30000-42000 and begins to take the form of a Wyckoff model... But this is not accurate, IT IS ONLY A HYPOTHESIS!!!!!!!! And if we take this model into account and apply it on this segment , we can see that accumulation always implies an upward exit, and full confirmation of this will be if the price is pushed beyond the 42000 levels and left there to continue the price movement into the seller's block, where the goals will be 45000-48000. But this is only a probability, because there are still many other models that tell me about a different outcome. I will leave this model here to hear your opinion on this issue.
by CryptoJaegerB
5
This is what Wyckoff accumulation could look likeHere I drew what Wyckoff's accumulation model could look like if applied to Bitcoin. We have clearly had Phase A with the initial drop, automatic rally back up and secondary test. We have bounced around for a while in a range in Phase B, also with a secondary test. I believe we are in Phase C, with the spring completed, being the absolute bottom of this correction. So now what? If we are in Phase C, we will slowly go back up, setting higher highs and higher lows until we reach Phase D, where we will quickly accelerate up, eventually breaking the 41-42K upper resistance of the range we are trading in. If bitcoin flips that range into support and holds, we have completed Phase D and it will be time for Phase E, where we could see some good gains once more. Of course this will not play out exactly as I have drawn here. This is to show a rough idea of where we stand if this is indeed a Wyckoff accumulation. Note that this is for educational purposes only.
BITSTAMP:BTCUSD
by bronzieplays
3