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Wyckoffdistribution

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
Nasdaq 100 in Wyckoff Re-Distribution Trading RangeThe Nasdaq 100 index (NDX) price continues to be observed in a down trending Wyckoff re-distribution trading range. The NDX price broke the support of the previous trading range on Jan 18, 2022 and the downward price move was halted several days later with the selling climax (SC) event. Here I offer two scenarios for the future NDX price: (1) a bullish scenario, and (2) a bearish scenario. For the bullish scenario to play out, the NDX price needs to break the closing price on May 25 ($11,935), May 26 ($12,282), and May 27 ($12,665). Failure to do so would invalidate the bullish scenario. For the bearish scenario, the price would need to reverse then break the trading range support ($11,334). If this were to occur, the NDX would likely find support at around $10,500. Failure to break the trading range support would invalidate the bearish scenario. Given the strong positive correlation between the NDX and BTC, which can be viewed as a risk-on stock, Bitcoin HODLers will be watching these events play out with great interest. Happy trading! Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), failed upthrust (FUT), shakeout (SO), sign of weakness (SOW), upthrust after distribution (UTAD). This is not financial advice. I am not your financial advisor. This is my opinion.
NASDAQ:NDX
by Eightchains
5
Wyckoff Logic Supply and DemandGBPCAD Technical analysis Cause, re-distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.60951 & 1.57746 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 416 pips. SL 1.57459 Entry , sell! 1.55645 TP 1.51461 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
2
BTC LONG Until 21.4k / 22.3k then SHORT to 16.3k!I made a previous Wyckoff chart too early on and I imagine lots of Bears were expecting a dump a lot earlier than how it actually happened. Now we are at this point, the situation is very clear. I can see this whole dump has been circled around the Monthly close. Now sometimes, there will be an initial Bull trap pump on the Monthly close, so I won't be setting Limit orders at 21.4k because I could wake up rekt. I am aware this could take us to 22.3k. (Apologies, my 2nd red squiggy line should have drawn it to 22.3k) However a max of 21.4k here is also a possibility, before we finally dump. I will be Market ordering based on what I see on the 1 minute charts during these levels. I am currently LONG 20,680 with a TP of 21,390. Something tells me I won't be getting much sleep 1st-2nd July!
by reiiss7
3