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Wyckoffaccumulation

Wyckoff Redistribution or Accumulation??I have been looking closely at the price action since we have fallen down to 30/40k area, as I have demonstrated in the chart as you can see the wyckoff phases, right now as we have bounced from the lower 30/29k area with a wick it may be an early sign of spring, and as we know it if its a spring we should see a macro higher high, that means btc must break 42k resistant and close above it daily. if we get that its a confirmed spring and we can look for buy setup on backup action. but if even we get a spring and head high it would more be a dead cat bounce and can reject at 50/60k area. but the second scenario is that we have printed a SOW (sign of weakness) and now we are at last point of supply, which means that lower levels are ahead. I know that might not be the best news for many of us, but we should stay balanced and look for both options, as if you dont pay attention to the worst option you might get wiped out. As for my own personal opinion, I believe the chart looks more like its redistribution rather that accumulation, I say this because we had an clear UT that rejected badly to 29k area, yes it didnt close below 30k but thats more a sign of weakness to me rather a spring. before this week we had some good bullish news but i think they came at the worst time possible, and now they are forgotten like El Salvador news, so they didnt effect the market as they would have if came at a better time. I dont want to sound bearish but I believe there are many strong resistants up ahead that each of them can reject BTC hardly. right now Id rather monitor the price action closely to see how candles get printed and then I will plan my entry according to that. thats the best strategy for now at least for mid-term cause that would reduce my risk to minimum, cause the price action in the 30/40k range so far have been haunting everyone's SL. Anyway let's wait and see what happens and know that if you are using wyckoff as your main strategy, you always wait for confirmation and you make all of your money and profits in between, you dont buy the low, you dont sell the high. Trade safe and practice risk management all the times.
COINBASE:BTCUSD
by rouzwelt
10
BTC:USD WYCKOFF ACCUMULATION SCHEMATICFrom mid-may to mid-june we saw a Wyckoff Accumulation playing out, with a rejection to SOS in phase D, red circle. After that we went into a re-accumulation phase. Scenario 1: If Bitcoin does the same as before then we've passed Spring on $28.5K and we should retrace for the TEST and go up to phase D and E. Scenario 2: If we get rejected again then the RE-RE-Accumulation will start and we will see a long period of accumulation until the end of the summer.
BITSTAMP:BTCUSD
by QNCYSNSI
Wyckoff Accumulation SchematicPhase 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 F). 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 F. Phase F 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.
BYBIT:BTCUSD.PLong
by Crypt0_Ninja
4
ETH/USD - Wyckoff accumulation pattern, RSI-14 supportedHello, As we regularly visit the 'oversold area' on RSI-14, this suggest accumulation on the market. CME expiration date could suggest the the "spring area' in the pattern. CME expiration date is right after the launchpad of testnet of EIP-1559. The final 'London hardfork' with full EIP-1559 implementation stats 14. July, however right after testnet we will know if this implementation work properly... If it does, guys... (and ladies!) SKY IS THE LIMIT!!! Best, as always, Paweł ;-)
COINBASE:ETHUSD
by PawelHodurek
Minor fakeout to $27 000 in Bitcoin before shooting for new ATHsMany people wonder and fear whether Bitcoin has to go on the downside - if it can make it as low as $24 000, $20 000 or even lower. The longer we move around in this sideways range, the more technically convinced I become that this is an accumulation phase in the making. This time we'll go beyond mere technicals and back up our claims with fundamentals too. First of all, the Bitcoin fear and greed index is at a staggeringly low 10 out of 100. This means that people to a great extent have lost hope for Bitcoin and that they expect further downside to follow. Anyone who has studied market psychology knows that the market looks to inflict a maximum level of pain to as many market participants as possible at any given time. This is why it feels so good to buy at the top and terrifying to buy at the bottom, where each tick down makes you want to pull that catapult - and perhaps often do, too. The current state in crypto space is what Warren Buffett notoriously refers to as "blood in the streets". For the often so golden brick crypto roads are presently full of noob and hodler blood that exits the market. But for every seller there is a buyer. At these levels it is the institutions - the collectives of funds that possess more money than any of us pathetic retailers can ever fathom. Those institutions are the entities that can move the price. And those institutions are buying heavily at these levels. And mind you, those are what we commonly refer to as "smart money". Secondly, so far we have a textbook Wyckoff accumulation in play. It barely gets any more obvious than this. In an episode on my channel a couple of weeks ago I talked about how a fakeout to around $27 000 would both make perfect sense (as accumulations are typically followed by a final fakeout to shakeout the final weak hands) and how it would be inherently bullish for the crypto space. That analysis is fully in play and as long as Bitcoin does get that bounce reaction, things fully align with our technical expectations.
BITSTAMP:BTCUSDLong
by LongLifeTrading
2
BITCOIN WYCKOFF ACCUMULATION SCHEMATICWyckoff accumulation schematic. We are currently in Phase B. (We arrived from a daily distribution schematic) I'm expecting a spring formed that catches the liquidity below the equal lows and below the selling climax. Only After that, I can see BTC recovering to at least 50k per coin. Right Now I am still holding my BTC and will add more with this liquidity scoop during an accumulation schematic. To trade it, enter long at phase C or E of the Wyckoff schematic. What do you guys think?
BITSTAMP:BTCUSDLong
by Fed02
35
My Updated Bias On BTCUSDBitcoin price dropped from the $63,000 area into the huge weekly Order Block ($40,000 - $28,000 area), and has been consolidating in that area for weeks. However, the formation of a Wyckoff Accumulation Schematics on a 4H time frame would be a strong indication of price willing to push higher. At the moment, a Wyckoff Accumulation Schematic has been forming on the 4H time frame, albeit incomplete. A complete formation of the Wyckoff Accumulation Schematics and a possible test of the Spring should signify bullish run.
BITSTAMP:BTCUSD
by nelsoncarson35
ETH Wyckoff Accumulation Pattern Potential OutcomesNFA. In my opinion It is not surprising to see the MAX PAIN of ETH Options for the last few days to be at the same spot as the potential Secondary Test Spot of $2200. With the bullish cross on the 4H MACD This could be the spring step that starts the next bullish run. As the options market reopens tomorrow we shall see if this is was the spring or if we are going to continue downward and retest the Selling Climax zone around $1800-$1900. NFA. Tip: 0x937dF8B50Ce5f47a5088fc034cC13467e97dB991
INDEX:ETHUSDLong
by HinfoGatherer
What is the Wyckoff MethodPhase A. Stopping the previous bearish trend. • PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail. • SC. Selling Climax. Climate action that stops the downward movement. • AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range. • ST. Secondary Test. Test of the level of supply in relation to climate action. Establishes the end of Phase A and the beginning of Phase B. Phase B. Construction of the cause. • UA. Upthrust Action. Temporary breakout of the resistance and re-entry into the range. This is a test at the maximum generated by the AR. • ST as SOW. Secondary Test as Sign Of Weakness Sample of weakness in test function. Temporary break of the support and re-entry to the range. This is a test at the minimum generated by the SC. Phase C. Test • SP Spring. It is a test in the form of breakout of the minimums of Phases A and B. There are three different types of Springs. • Test Spring. Downward movement towards lows of the range in order to check the commitment of the sellers. • LPS. Last Point of Support. Test in the form of a bearish movement that fails to reach the minimum range. • TSO. Terminal Shakeout or Shakeout. Abrupt movement of minimum breakout that produce a deep penetration of the level of support and a fast Phase D. Bullish trend within the range. • SOS. Sign of Strength. Bullish movement generated after the Phase C Test event that manages to reach the top of the range. Also called JAC. Jump Across the Creek. Creek jump. • LPS. Last Point of Support. These are the rising troughs we find in the upward movement towards resistance. • BU. Back Up. This is the last big reaction before the bull market starts. Also called BUEC. Back Up to the Edge of the Creek. Back to the creek Phase E. Bullish trend out of range. •Succession of SOS and LPS generating a dynamic of rising highs and lows.
by FXMHDH