Get started

Wyckoffaccumulation

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
Bitcoin - Wyckoff Accumulation Bitcoin is currently mimicking a Wyckoff Accumulation pattern on a 4h chart. Over the last year, a near perfect Wyckoff Distribution pattern was experienced on a 4h BTC chart as well. Usually these patterns are found on higher timeframe charts, but in extremely volatile markets they can appear on lower timeframes as well. It's possible that Bitcoin could experience another short-term pullback into 36k demand before breaking above 41k again. Expect some more sideways price action between 41k and 43k. Overall I'm very bullish as it would appear our institutional overlords are ramping up for another great rally campaign just in time for an unprecedented period of extreme inflation.
BITSTAMP:BTCUSDLong
by TheTradingDen
2
BTCUSDT Wyckoff Accumulation - Sign of Strength (4h)I Think what we see right now is already the sign of strength within a Wyckoff Accumulation. I Think it makes sense that BTC runs through patterns faster than Stocks, as the whole crypto market is much faster and more volatile! Also the number of Bitcoin Shorts is through the Roof, wich means the could be a HUGE short-squeeze pumping the price like crazy. The Volume steadily declined to the Spring and slowly inclined from there. There is no selling Volume from the recent Top. The recent little Fakeout to the top also had significant Volume. RSI is on generell uptrend since the beginning of the Wykoff Acc. phase.
Long
by maxwayne23
BTCUSD📚 EDUCATIONAL💡 Potential Wyckoff Accumulation pattern on the BTC Chart!!! I've tried breaking this down as easy to understand as possible. DON'T READ IT, STUDY IT! Richard Wyckoff was a guy from the 1930's who was so done with the big guys manipulating the market that he went ahead and developed two methods that helps you oversee the future and save you from pooping your pants on every move an asset makes. The scheme is broken down into different sections in which I'll explain each step. Phase A: Preliminary Support (PS) was broken through by the huge selling power of the bears. Bears tire out from the intense selling and eventually reach Selling Climax ( SC ). Bulls intensely buying the bottom causing an Automatic Rally (AR) and bouncing up from the bottom. Bulls take profits and the market come back down for a Secondary Test (ST). Phase B: Uncertainty hits in as bears think the bottom is hit and bulls are worried that it might fall further. The price consolidates and ranges between the AR and ST zones testing them multiple times. Phase C: This is a critical level in the accumulation phase as everything depends on if the support level manages to hold or not. In the case of this example, the Spring is a bear trap to mislead buyers before the price launches up and everybody that accumulated in Phase A and B gets rewarded. Phase D: We see higher trading volume and confidence in upward momentum. Price starts making higher lows and showing the Last Point Support ( LPS ). Price is making higher highs which shows Signs of Strength (SOS), previous resistance zones are broken through and become supports. Retest on the new support level then gives another buying opportunity for bulls to join the ride. Phase E: Increased demand and confidence is shown in the market as it makes higher highs and turns into an upward trend. Enjoy!
by OneEyeSignals
2
BTC - WYCKOFF ACCUMULATIONAt first, we have to understand that Bitfinex doesn't concentrate most of the market however nowadays arbitrage bots reflect orders almost instantaneously, causing the market to converge on data information. On the 4-hour chart we can observe a distribution starting around 1:00 on the 26th of April and extending to the 11th of May. The famous "Sell In May an Go Away" took the market with a removal of capital which can be seen by the decrease of the Long position at 9600 BTC and also the short position at approximately 2900 btc, as the market lateralizes. In short, the market lost interest and with it a net reduction of 6700 BTC of position. Every market when distributed weakens, becomes fragile !!! Saturated, the market gave way. DOWNTREND: The players then decided to take advantage and open short position, which had a big rise between May 16th and 17th. The price in this period was between 49500 and 42200. So, without buyers and with shorters, the market collapses. So the Shorters take the opportunity to close their short positions. ACCUMULATION - PHASE A: Short positions closed We have the Selling Climax created, with the automatic Rally right after it, it would be the beginning of a Wyckoff accumulation. ACCUMULATION - PHASE B: As you can see, the accumulation phase at B is driven by an increase in Long positions as the market lateralizes, absorbing more and more BTC in Dips. ACCUMULATION - PHASE C: After successive absorptions in the dips with some realizations in tops that guarantee an improvement in the average positioned price, the market applies a FUD. The intention of the FUD is always to buy cheaper, that is, to attract bears to help push the price and turn the hand on the bottom, absorbing as it was absorbing before in phase B. Except now the player finds a market with greater scarcity. Typically this FUD is applied to complete Passive Accumulation and begin an aggressive accumulation that will form phase D. ACCUMULATION - PHASE D: It can be seen by the shorters that some Bears were trapped, this happens frequently at the end of accumulations and it is these losing players that are responsible for the classic movement of breaking Resistance called JUMP AT THE CLIFF. Confirming the JUMP AT THE CLIFF the market enters phase E, firing up and then returning to a Pullback to then resume a bullish direction. Maybe that's the long-awaited destination for the 100k in December. You can see that the market goes through the stages of accumulation perfectly, for those who know the stages of accumulation of wyckoff this may look like a painting, I might be thinking of creating an NFT of this, it's beautiful!
INDEX:BTCUSDLong
by OUTSIDERTRADER
9
BTC Wyckoff Accumulation Pattern During this accumulation period, i've been studying wyckoff accumulation pattern. By now i personally think that i have enough data on the chart to confirm this pattern, though i could be wrong. If this theory is correct we should be heading towards the SOS (Signs Of Strength) area and likely heading upwards to the 0.702 fib level. Between the 0.618 and 0.702 fib. level is a decision time area for btc imo. It is where price will decide if we gonna go set a new ATH or are we just doing a retracement rally before heading back down. In my opinion bulls will win and btc will hit that 75-90k target area this bull run. Right now we seem to be having a short sqeeze. I am not a financial advisor and non of this should be taken as a financial advise. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by AVA37
3
BULLISH: BTCUSD 4h. Update on Wyckoff's Accumulation PhaseHi everyone, Thank you for considering reading my idea. We have been following this pattern since 30th of May . In this new chart, we recently have our " Test " signal then pumped to our resistance lines. For the first time, we have entered PHASE D ! We may find resistance at 40K and see a minor correction up to 37K before, hopefully, we break the resistance lines to see our Sign of Strength (SOS) signal! Once we get this signal, we will continue pumping and enter the Markup Phase . Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
6