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Wyckoffdistribution

Is the distribution pattern on JBH now complete? (JBH:ASX)* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after distribution * Very weak retest to complete Phase C * Rapid decline in price from $57 to $37 approx in Phase D sell off * One last rally to $47 approx * Back up to the creek and upthrust to complete Phase D * We should now start the Phase E mark down. * P&F target is $10, conservative target $21 * This is my analysis of the stock. DYOR before making trades.
ASX:JBHShort
by AussieWyckoff
$BTC Wyckoff Markup 15m - Midweek DistributionHi guys, So bullish news on Bitcoin, which means we should all buy now, right? Bitcoin is pumping and now we're getting on our rocket ships to mars. Not so fast. Rishi Sunak has become the Prime Minister of the UK, and it is said that he is a fan of Bitcoin and used to be an institutional trader, which is very good news in regards to the British economy and the British pound. I recently got out of my large short 'position' on the pound after a year of keeping all of my savings in USD even though my home currency is GBP because I saw a devaluation of the pound coming. Back to Bitcoin; as I have been saying for weeks, I am seeing a relief rally up to $28-32k and we have now broken out with this good news. But now is not the time to go long. Over the last couple of days we have been seeing a wyckoff markup pattern as shown below: www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_Making_Money_The_Wyckoff_Way_CSC_DNR_Jul_2020-01-f62425effeb9422fb7ac34ad83c1f963.jpg Which can also be seen as an Elliott Wave 5-wave structure. This is how prices react to good news. Now, what I am seeing is a midweek distribution, which is quite common in weekly market patterns, before a dump towards the demand zone, shown in red at the bottom of the chart. images.prismic.io Cheers for reading and let me know what you think, Tchau
by joshuashepherd877
2
Ethereum Supply PredominatesSupply is predominating in the current trading range for ETH, which denotes a potential redistribution range. And not only predominating but emerging at key junctures where demand should show its cards if a markup were on the books.: areas like TRR (range resistance) and TRM (midpoint 0.5%). It's not clear how deep the distribution can range, but things are (for now at least) looking a bit bearish. Favorable for DCA investors and short speculators. *Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us! **Not financial advice. Always DYOR and trade at your own risk.
COINBASE:ETHUSDShort
by jalapablo
2
USDCAD: is a Wyckoff distribution schematic on?Hi Traders, This is my view for this week on USDCAD: I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal. I remind you that this is only a forecast based on what current data are. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
by kitchen_trading
Wyckoff Distribution - Phase E Capitulation Complete?The topping phase of BTC during the 2020 / 2021 bull run is A Typical of Wyckoff Distribution characteristics (see below link for more information). Wyckoff Distribution: school.stockcharts.com Following this price fractal suggests we are firmly in Phase E. The only question that is remaining is are we in our last consolidation / bear rally before one last capitulation dump as we saw in climatic fashion with both the 2014 and 2018 bear markets, OR have we already reached out cycle bottom accumulation range...
by Brodie
1
Wyckoff Redistribution - 22.8k to 18.3kWyckoff Redistribution to 22.8k First, the fundamentals: Bitcoin is currently in a clear distribution phase, as supported by volume and the fact that big players are selling and small players are buying (seen by the amount of BTC wallets holding BTC increasing, with those wallets having smaller number of BTC in them). Next: A shark pattern has emerged on the 4 hour chart, and BTC has bounced around the 1-0.886 retracement area. Usually in a circumstance like this, Take Profit would be around 50% of BC, which in this case is around the same area of 22.8k. The bounce point from C-D leg would complete the bullish harmonic pattern and can potentially signal the continuation of the downtrend. If we measure the 1.618 of OX we get 18,250. If we measure the 2.236 of a potential CD at 22.8k we get the exact same point - 18,250. Now this is more than just coincidental given the PSY level on the Redistribution schematic. Next, the 2.236 level in harmonics are usually seen in patterns like the Crab, Gartley, Shark or Partizan. This bearish leg can bounce at 1.618 (19.5k) and continue to fall straight down to 2.236 (18,250) which is likely. This is where we close our SHORT and flip LONG. Wyckoff Law mentions how we can have an extreme impulse towards BC (Buying Climax) to test the previous Preliminary Supply. Now there is a reason we are not choosing 23.5k for this (as you can see in the pattern on the right hand side, the point next to the letters "Phase A" is likely to be 23.5k. An automatic rally (AR) can occur when selling volume has diminished. There are likely going to be buyers buying at the 0.5 or 0.618 retracement of CD before last chance SHORT retesting UT/ST around 22.7k. Finally, stocks look like they are about to crash and should drag Bitcoin down with it. DXY is also rallying and showing no signs of slowing down mid term. Also, the 200MA weekly is not that important here but a good resistance level in case we somehow break 22.8k. I think not likely though.
Short
by reiiss7
4
WYCHOFF REDISTRIBUTION SCHEMATIC?!The failure to generate new highs signals the start of the distribution phase. This phase displays rangebound price action similar to the accumulation phase but marked by smart money taking profits and heading to the sidelines. In turn, this leaves the security in weak hands that are forced to sell when the range fails in a breakdown and new markdown phase. This bearish period generates throwbacks to new resistance that can be used to establish timely short sales. Price can go around 25000 and then falls back. It looks like a fake pump. Bearish divergence as well.
BITSTAMP:BTCUSDShort
by The3eyedFrog
BTC Reaction at Re-Distribution Trading Range Upper BoundThe BTC price continues to be observed within a Wyckoff re-distribution trading range (to be confirmed or to fail) with the upper bound given by the automatic rally (ARa) daily high and the lower bound given by the selling climax (SC) daily low. The secondary test (ST) on July 3 had a Spring-like effect, catalyzing a very nice rally (+19%) that wicked above the trading range upper bound. I expect the BTC price to test the point of control (POC) around $20,472. Let’s see how the BTC price reacts at the POC (e.g., Will it fall through the POC support or reverse direction?). With regard to the Phoenix Ascending (PA) indicator (lower panel), upward momentum (Energy, grey) is diminishing. We will be observing downward momentum soon. The blue line at level 70 will provide support for the BTC price. Given the levels and likely trajectories of the blue and red lines, a steady, step-wise move down (similar to the reaction from June 26 through July 3) seems likely. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), upthrust after distribution (UDAT), preliminary supply (PS), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
8