ES Wyckoff Accumulation - bullish case for equitiesBullush case for Equities:
After a clear distribution top followed by a markdown and underside retest of the previous range equities are looking like they are building a classic Wyckoff accumulation range.
This would fit very well with the macro picture of a short term resurgence of inflation, increasing rates and a relisation that the pause only comes AFTER the painful selloff. This sets up for a choppy sideways year for risk and a good probability of Lows in the latter half of the year followed by recovery thereafter.
Trader's market.
Wyckoffaccumulation
ETH Bigger Picture (Supplement)I posted a bullish idea for ETH early Jan. before it broke out that has hit exactly so far - here is a larger of view of what to expect when previous idea (linked) hits its upper target (which will be initial target for this idea):
Breakout Level was 1561
- Initial Target by mid-Feb. 2023 = 1800-2000
- Then pullback to test support at 1560-1670 by end of March 2023
- If those hit, Target = 2350-2770 by early July 2023 (Point target = 2542 )
~Expect big day tomorrow 1/23/23 to the 1700s.
CRWD SoS IncomingCRWD has same pattern as rest of cyber names, needs to finish up accumulation before markup:
Breakout level 106.80
- Initial target 113 by 1/30/2023 (this will be the sign of strength)
- Backup/retest to find support at 106-107 by 2/8/2023
- First Markup target will be 123 by 3/1/2023
Gap to fill from 118-136
Resistance at 109-116
GBP USD - 1.26 easy targetHey Guys,
Ive seen a lot of confusion around GBP USD so i figured id share my analysis and take on it.
The simple reason why im long on GU is due to the most recent re-accumulation, for which i believe it's purpose is to push prices up to 1.26.
Anyways, Just my view of things.
Happy trading and stay in the green!!
Clear Accumulation on CADCHFHello everyone,
This setup can be very interesting one for scalpers, I see a clear accumulation and lows being taken out before the shift and the BOS to the upside
Will wait for the price to reach my 5min demand area and retest that zone to look confirmations on much lower timeframes
Still a risky trade because the Higher Timeframe trend remain bearish so be careful.
Short-term Bullish Breakout attemptTSLA broke out of the falling channel with back test today-and could be attempting a 16% measured move up to fill the gap around $137.
*There will be resistance between 124-128.
If..IF Markets maintain bullishness we could see Tsla Move Towards $161-168 area, which coincides with: ~ Previous Support + 200WMA + 0.618 Golden Fibonacci Retracement, before moving back down to complete accumulation bottoming pattern.
Data to keep in mind:
THURSDAY: **CPI data expectations where just changed this morning - expectations of -0.1 instead of 0.0
JAN 23rd. *Earnings expectations are bearish
Protection Ideas:
if bullish pattern plays out - sell Early Feb $140 Calls to protect position
Pattern Failure: Close Below $108 (you could set a stop loss at $117 - Tsla may want to fill gap at $114 first or test 110 area
*** I do not believe the Markets are primed for THE Bull run yet (soon.. not yet) ... New Lowes are coming in Feb. Just an opinion..
Good luck & let me know what you think or if you have any good trade set-ups you want to share or discuss.
Wyckoff Schematic - Smart Money Concepts + Wyckoff DiagramThis is a Smart Money Concepts Diagram With Labeled Wyckoff Accumulation And Distribution Schematics.
These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity.
Wyckoff methods teach a bigger picture view of the markets and why they are moving, many times you will see smart money setups inside of bigger picture Wyckoff schematics that form certain parts of the schematic itself.
I hope you find this to be a useful reference diagram for Smart Money trade setups 😁
You can use this as a printable PDF or save it for your digital notes
If you have any questions please comment below and I can make updates to the F.A.Q.
LaVinci’s 10x Leveraged XRP Bag-Hold:For the incoming month of February, we plan on holding XRP on 10x leverage in anticipation of a large bullish reward potential for the months of March and April. An imminent weekly bullish golden cross will confirm a trend reversal out of the .40s and into the .50-.1.00 range for XRP.
This trade will succeed only if XRP can stay above ~.375, and is also not financial advice.
Safe trading!
LaVinci
WYCKOFF ACCUMULATION - PHASE BLooks like a beautiful painting!!
I'll NFT this review when I'm over the moon!
Well... we've reached the predicted bottom of "BTC - WHEN MOON?" Publish.
The bottom is around 17k to 15k.
But we cannot say that BTC is ready for the moon yet.
He needs to confirm accumulation to reach more Historic Tops and the quality of this accumulation will tell us how far it will go.
It would be beautiful if BTC drops below 15K for a Bear Trap!! If this happens, the accumulation gains much more quality.
BTC MICRO WYCKOFF ACCUMULATION This is an educational post.
In this Micro Structure we can see all the Accumulation Phases of wyckoff.
Notice the moment when the smart ones realize that the market has already reached the bottom and start buying without any sellers, they slowly buy, absorbing small sell orders, they consistently move in one direction.
Crypto $DOGE Wyckoff playing out. Get longCrypto - Doge against USDT. Wyckoff Pattern. SOS.
Doge appears to be accumulating. We have passed the spring and are completing the the sign of strength. The spring is the lowest point in the pattern and the SOS is usually the best entry point.
Price is currently 0.08
Volume is very low which is normal for a sign of strength.
STOCHASTIC is 46 and has just turned back up so primed for a nice juicy bounce.
Relative Strength is turning above 50 so selling pressure is weak.
Target 1 is 0.11 or 37% possible return.
Stop is 0.064
Accumulation Completed, Expect Markup to 3930Initial target is 3880 by end of week
3930 by end of next week 1/13
Likely consolidate in low 390s before decision to continue to 4000 by end of Jan or drop. There was accumulation in October, Distribution in December, and minor accumulation over last 2 weeks. So battle at 3930 will be a clash between these structures
APECOIN - Under Wyckoff AccumulationWe have broken out of the downward channel to the upside and I am now bullish as that yellow resistance line is now support. And I took a close look at the pattern to potentially identify a Wyckoff Accumulation , to which we may be just making the spring. As long as BTC is going to present a bullish argument, and as long as we hold above $3.20 this pattern could go higher than targeted. Good volume on 4hr, but also maybe overbought on some time frames. Not financial advice, DYOR.
DYDX vs ADA bottem formation
Wyckoff accumulation
In this chart you see how the previous cycle bottem formation look liked, we compared ADA (previous cycle bottem) VS DYDX (currently)
However previous cycle bottem formation took longer (sideways ) then currently, the pattern is still the same.
If this scenario will play out, we have a bullish Q1 2023.
Wyckoff Phases in PracticeWe all know that market moves in Phases. The four most popular phases are –
1️⃣Accumulation
2️⃣Markup
3️⃣Distribution and
4️⃣Markdown
Mr. Wyckoff analyzed these phases further, esp . Accumulation and Distribution, to understand the price behavior for potential opportunities to trade/invest in the market.
In this tutorial I am going to have a brief discussion about Accumulation-sub-phases of the market with the help of an example that I came across today.
✅Phase A
🚩This phase is preceded by a major downtrend.
🚩Begins with a selling climax ( SC ) - Large down bars with abnormally high volume (see B).
🚩SC is followed by the largest rally in the major downtrend, associated with good buying volume . This Automatic Rally (AR) represents the change in character (ChoC) of the market - buyers taking over.
🚩Market retest the level B with a lower volume (supply) – Secondary Test (see D).
✅Phase B
🚩Usually the longest phase.
🚩Higher volume during rallies (eg. E) and lesser during retracements.
🚩Even if volume is high during retracements, price fails to make new lows.
🚩More secondary tests (see F) held at the support zone (B and D).
🚩Market consolidates testing supply and demand with no particular direction – Consolidation.
✅Phase C
🚩This phase is the smallest but the most important.
🚩Usually ends with a Spring (not in the above case).
🚩You would often see final shakeout of weak buyers in this phase. Price would dip underneath the support zone (B, D and F) and reverse sharply back above support.
🚩Perhaps the best time to enter for those who like to take low risk high probability trades.
🚩In the above case, point G was just another test of support Zone.
✅Phase D
🚩You would see swift action in this phase. Wide up bars (with high volume ) and small down bars (with low volume ) -Sign of Strength.
🚩This also represents the change in character, which now differs from the consolidation phase.
🚩ChoCh - Notice two blue rectangles and the price action in them. The action differs vehemently from the previous phases - wide bars with ease of movement.
🚩Price breaks the resistance zone (in most cases resistance would be the high of automatic rally).
🚩It again retests (after breakout) this resistance which now starts acting as support. This is called the Backup action.
🚩Further (re)accumulation can be seen here in many cases.
🚩This is perhaps the best time for those who like to enter after confirmation (A higher high; break of resistance; price jumping outside the range)
✅Phase E
🚀Accumulation is over and a trend is established - Markup phase
Not all bear markets end up with these accumulation-sub-phases. You may often see V-shaped recoveries just like what we experienced after March 2020 lows. But you will surely find some stocks or markets that moved in line with Wyckoff phases.
Thanks for reading.
Do like and comment.
📣Disclaimer: The views are personal only. Apply your own due diligence before making your investment decisions.