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Wyckoffaccumulation

Analysis of March 2020 Shakeout - Signs of BullishnessHey Team, Don't understand why the world gets surprised when something goes down and neither should you; as a trader it does not matter whether the market rallies or falls, trade accordingly. I love all these gurus coming out saying "I told you should not have got in BTC or crypto". They miss the point and the gains that were made on the way up. These gurus say - "look BTC fell 40% in a day, you are so stupid for getting in", yet the methods they teach would have tight stop losses that would have got them out with a small loss missing the larger correction and locking in gains. BE CAREFUL WHO YOU LISTEN TO AND TRADE YOUR OWN STYLE AND PLAN. So this chart I have laid out is the March 2020 low and what I see as a path to higher prices if we are to rally from the current area BTC is. I'll keep it short and sweet with most of the main points on the chart * Multiple test with weak supply bars followed by strong high volume green bars. Each bar engulfs the supply bar * 2 significant strength bars pushing through resistance with high volume and no retrace in price on following bars. * Decreasing volume yet solid rally back into the TR showing Ease of Movement - no significant supply * KEY POINT - we hold the lower support of the TR after multiple test and show strength Keep in mind I am actually bearish at the moment and see a test back to around $30,000 or even lower but it gives you some signs to look for to validate a bullish scenario. Good luck
by DecpBTC
EURGBP Ready for a New Massive Uptrend The EURGBP is currently trading around the lower boundary of an Accumulation range, as postulated by the Wyckoff cycle theory. This range would likely serve as an intermediate stage before the beginning of a new uptrend. The three Fibonacci retracement levels outline the crucial targets for such an uptrend. Any traders looking to go long around the current price level should consider placing stop-loss orders below the lower boundary of the Accumulation range.
Long
by Trendsharks
EURGBP - Wyckoff Accumulation?Looking at the 5m chart of this pair I noticed a similarity to the wyckoff accumulation schematic. It has been hovering around a daily key level for the day which would give the indication that the pair is ready to move. I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs. Please comment your thoughts if you know anything about wyckoff - this should be going to the third and final phase of the accumulation if I am correct.
Long
by Nicktay12345
Alcoa: Chance for a Bearish Reversal A confluence of bearish indications Alcoa's share price is currently probing the psychologically significant resistance level at 40.00, which serves as the upper boundary of a major accumulation range. The latter's lower end is represented by the support level at 17.00. Breaking higher would prove quite difficult for the share price due to the massive selling pressure that is to be found just past the upper end of the range. Despite the fact that Alcoa shares have been on the rise over the past 4 months, the continuation of the rally will find strong opposition around the major turning point at 40.00. The resistance is currently being crossed by the descending trend line (in red), which increases the likelihood of a bearish rebound occurring from the current level. Moreover, the 300-day MA (n purple) and the 200-day MA (in orange) are also advancing parallel to the resistance level, making it even less likely for the rally to continue uninterrupted. However, that is not to say that potential fakeouts to the 45.00-50.00 range are entirely impossible. Meanwhile, the Stochastic RSI indicator is ringing the "overbought" bell as bullish bias reaches a climax. This could give bears more reasons to step up and increase the selling pressure at this swing peak, which would consequently support the emergence of a new correction. The nearest support can be found around the 100-day MA (in blue), which can presently be found at 27.40. In other words, an imminent correction from the latest peak would entail a likely dropdown of more than $13 (32%) in the share price. Alcoa's robust quarterly performance The latest upswing was largely inspired by the strong earnings data that the mining giant posted recently. According to the findings of the earnings report for Q1: Revenue grew to $2.87 billion, up from the $2.38 billion from one year ago EPS (earnings per share) grew to $0.79, far surpassing the negative $0.23 EPS that were posted for the same period last year Even still, the market has already had more than two weeks to price in this performance, and the "market excitement" factor that drove the hike is thus likely to start waning down soon.
NYSE:AAShort
by Trendsharks
Wyckoff's Accumulation Scheme on BTCUSDThis is an interesting but bold way of applying one of Wyckoff's schematics on the BTC/USD chart. Interesting for it's exactly the same accumulation pattern, and bold because this was meant to be applied on higher time frames. Therefore, I don't suggest trading this, only posting it for educational purposes. As you see, 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. Once again, this post is purely for educational purposes. Taking this trade is risky as it is unsure if this was to play out on the insignificant 1H timeframe.
COINBASE:BTCUSD
by OneEyeSignals
UWMC - not out of the woods just yetShort-term bullish on UWMC, but expecting new All time Lows afterwards. Seems like a Wyckoff accumulation phase is currently evolving - expecting the following to happen: 1. Hype before Q1 statement, driving prices up - supported by other relief rallies in other SPACS 2. Q1 Statement released, fomo buys made by people expecting 10$ to break 3. Short term rally in 10Y-Yields, leading to fear towards investing in mortgage companies 4. New all time lows, Fomo buyers from step 2 capitulates and sells 5. All time low acting as "spring", thus marking the final stage of the accumulation phase. Just when capitulation happens, Russell Inclusion news acts as "reason" for spring to evolve to a jump up in price 6. Sign of strength appears, reaccumulation follows, and markup phase begins. This is of course just my view, and I expect about a 5-10% chance of the scenario playing out just like mentioned above.
NYSE:UWMCLong
by Veuvee
4
Oscar Properties adjusted Wyckoff eventsMessed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility. Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the chart seems pretty bullish ATM, in my humble opinion. Be careful, OP is an extremely volatile stock.
OLong
by Veuvee