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Wyckoffaccumulation

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
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation. Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring. Still very new into Wyckoff, so take all this with a grain of salt.
OLong
by Veuvee
BCH - Re-AccumulationLooking like BCH is in a re-accumulation Key factors * Decreasing Volatility and Volume * Diminishing supply volume on tests to 600 * There is a weekly long term resistance around 490 which the price is sitting beautifully on. I'll keep in short and sweet but if we can overcome the last supply bar on the 3rd of April it will signal bullish intent. My game plan * If price holds above 490 and overcomes the supply bar on 3rd April with either a strong break through resistance or no supply signatures I will open longs.
Long
by DecpBTC
1
EOS - Liking more and moreThe underperforming EOS I have had my eye on for a long time and the behaviour of the price is lining up a potential huge upside. In my opinion EOS has been in an accumulation phase since December 2018 and is on the verge of breaking out significantly with supply in strong hands. I am a student of Wyckoff methodology and I love the principle of effort and result which can be seen very nicely with the two squares I have made on the chart (red and green). Lets start with the square in red * Hits 5.50 and is overcome by supply volume * Demand is no where to be seen and price collapses very quickly * Breaks through key level of 4.80 with increased volume and spread. * A classic tee-pee formation of bearish quality By using logic alone we see supply was just to strong with very weak demand. Notice there is some demand on the way up but supply is presented to the market with the increased volume at the top resulting in a mighty fall which culminates in the March low. Now, the green square * Hits 5.50 and reacts BUT supply is absorbed. * Massive increases in Volume. Supply is present here but demand is stronger. * Demand is supporting price in a way not seen before from this price level. * Two quick price moves above 4.80 - 1st price move fell below but demand came in quickly and supply dissipated. 2nd time we have support (at the moment - need to wait and see) What I see is an accumulation in strong hands by the massive increase in effort with little to no meaningful result to the downside. When supply is fully absorbed a small volume will result in a large jump and hence I believe the potential for the coin is huge. My game plan * Find support above 4.80 in a minor re-accumulation with a continued move to 8.0 as a sign of strength. We break 8.0 level and 20.0+ is on the cards.
Long
by DecpBTC
ETHUSD & *Completed* Wyckoff AccumulationBackground: This is continuation of this post in which we explore the Alt Coin Market Cap showing signs of Wyckoffian accumulation. Please review this chart work first. Chart Analysis: It appears that ETHUSD, the 2nd largest crypto coin by market cap (behind BTCUSD), has recently completed Wyckoff Accumulation and is currently undergoing a Wyckoffian SOS or "Sign of Strength". If accurate, this would indicate that the Composite Man, the marionettist of macro markets, is leaving the accumulation phase and beginning his macro markup campaign. This is particularly exciting since the last time we saw a similar macro example was in 2015 with BTCUSD where it made a ~100X return from the accumulated lows. Something similar here would suggest ~$10,000 ETHUSD at the end of the upcoming bull run. Note: A return to the prior trade range ($270 or below) would disqualify this setup as shown. More consolidation would be needed before a macro pattern could be identified.
COINBASE:ETHUSDLong
by Crypt0Jack
Wycoff looks like its workin out.....Hey folks, it looks like a Wycoff Accumulation is working itself out on the 4h BTC/USD chart. Well see what happens over the next few weeks, but theres a solid price target near 70k for this pattern, at a bare minimum. However, once it breaks ATH, there will definitely be some retail and institutional FOMO that will lead to 100k, which will again, lead to an absolutely massive hype cycle that will take us to some unearthly price. I, for one, am excited. This is just my opinion, and Id be down for someone to critique this, but after seeing it work out, it looks accurate to me.
COINBASE:BTCUSDLong
by Eyeofthebhodler