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Wyckoffmethod

BTC will continue to consolidate or continue to grow? At the beginning of the week, digital assets were under pressure from long-term negative factors, a general decline in investor interest in digital assets, and expectations of the start of tightening of the US Federal Reserve's monetary policy. However, the “bears” failed to break the key support levels down, which led to corrective growth. At the end of the week, the strengthening of the market was supported by the head of Tesla Inc. Elon Musk. He stated that as BTC mining increasingly relied on renewable energy sources, his company might start accepting it as a means of payment again. Musk also confirmed that Tesla Inc. and Space Exploration Technologies Corp. (SpaceX) owns BTC, and the entrepreneur himself, also to the first cryptocurrency, also owns ETH and DOGE. The comments made by US officials this week are also worth traders’ attention. Treasury Secretary Janet Yellen called for the early creation of a regulatory framework for stable coins, as the volume of their use as a means of payment was growing rapidly, which might pose potential risks to the country's financial system. The new chairman of the SEC, Gary Gensler, is of the same opinion. He recalled that today, many platforms around the world created cryptocurrency tokens, the price of which was based on various securities. Such products are subject to securities laws and the companies that issue them must adhere to these laws. Technical Analysis Just buy the dips.
BINANCE:BTCUSDLong
by DynamicCapital-FX
Wyckoff Rune Futures (first post) This is a 15 minute graph showing an illustration of a Wyckoff event occurring on the one minute time scale, the overall percentage drop from top to bottom was roughly 5%. overall Rune usually moves similar to bitcoins trend on lower time scales but with higher volatility in price ranges, usually between 0.1 - 0.5% per minute. I think the Cryptocurrency has potential, although it hasn't gained as much attraction as LUNA, C98. Its still in early times of some large moves due to 27% of Rune locked into Thorchains liquidity protocol. Personally I have no analysis or real impressions over where i believe Rune could go from here, I just found the pattern to be very interesting. Hope you enjoy! the time signatures are listed if you would like to plot the event yourself as I cant show the one minute time scale on the Ideas bored but interested to see if other coins have experienced the same event!
by joshryanslattery
$DKNG looks ready, break of box to confirmTechnically DKNG needs to break volume shelf to see a significant move to the upside, otherwise it may retest 51-48 zone. However given the push through the AVWAP (purple line) from the highs and a close above 200MA (black line), a move to the upside is more likely IMO. Also appears to be completing phase D Wyckoff Accumulation. Rejection of the 200MA or a false breakout would indicate a move back into the channel/ more consolidation. I'm long 10/15 $60 calls at 1.6 just trimmed at 2.3 holding remaining to possibly catch the breakout.
NASDAQ:DKNGLong
by FriscoTrades
Potential BTC Distribution ZoneThe following VAs listed in the chart (left to right): 1. VA of current calendar year 2. VA of Wyckoff Distribution Top 3. VA of potential accumulation zone 4. VA of current and potential distribution zone BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K. Buyers were unable to provide a liquidity shake significantly below 30K; the demand for 30K LP was larger than expected. Market makers accumulated a decreasing supply in the bottom of 3rd VA. The POC for the 3rd VA is almost identical to the POC for the current calendar year and confidence was built for a short-term intermediate move with short liquidations providing more potential upside. I still have concern without seeing any relatively significant selling volume within the 4th VA, but would expect to see this in the upcoming days with a move down to 40-42K. I believe seller's ultimately will be unable to stay in control above 50K and the market will see impressive supply from underwater positions. In the long term, this will provide a key order block in a future more impressive buyer demanding market environment. Currently, the landscape while technically bullish does not appear to have any support from institutional buyers; with GBTC still being sold at a discount and whale wallets not clearly building position on-chain. My assumption is market makers will try to move the market price of BTC into a more value friendly zone between 18-25K. In an effort to keep myself accountable and level headed, I believe this pattern is invalidated with any break above 50K and either explosive volume with high spread or consolidation above the current (4th) value area- in the 2nd VA.
BNC:BLXShort
by WildZipper
US30 POSSIBLE "SELL/SHORT" AND/OR "BUY/LONG" PLEASE READ!!!!Alright folks, just bare with me on this analysis as I think we are at such a pivotal point in the current state of our markets and economy. So lets begin, this idea at the moment will be posted as neutral. From a Technicals standpoint, I am a trader that follows some ICT methods, along with Wyckoff and others work and combined it into my own Strategy. I play price as almost as if it is hunting for a play. So on the Higher time frames I'm Recognizing: SELLING SCENARIO: FOLLOW BIG RED ARROW FOR SELLER SCENARIO - An ICT SELL Model - Price Broke Structure and is Retesting a Bearish Order blocl - Reversal Candle on the weekly - Every time Price Breaks a Higher high it is followed by severe distribution (A sign institutions are selling) - We are also at the equilibrium of our last weeks range IF PRICE SELLS/ Rejects on the 1-4hr TIME FRAME AT OUR BEARISH ORDER BLOCK: - I will be looking to short to the imbalance between 34485 and 34285 BUYER SCENARIO: FOLLOW BIG GREEN ARROW FOR BUYER SCENARIO - Price Retested a very strong liquidity zone - The Weekly close occurred above the area of liquidity Acting as a strong Base of demand that will move price bullish - Really strong demand for price at a 34840 levels - Price is still creating higher highs on the daily time frame IF PRICE BUYS AT OUR Point of interest: - I will be looking for the price to test this block as breaker block for buy entry to 35364 As always a look into fundamentals is very crucial while trading in confluence with your technicals: Lets look at some previous weeks news/ Macro Economics price fluctuations: - FED announced the tapering of bonds - Gold has dropped over 1000 points (giving signs of deflationary period in our economy) - COVID DELTA Variant is back, cases are rising - High inflation in grocery prices and Gas - Deflation occurring in some commodities - Infrastructure Bill Passed - Consumer spending reports show a decrease in consumer spending - Retail sales down All in all,its a must to keep everything in mind MY Personal "OPINION" is the markets will sell this week HOWEVER, MY BIAS WILL STAY NEUTRAL. AS HUNTERS, we might want 17 pointer but sometimes you get 12 pointer or baby deer. So As always stay blessed happy trading week Follow for more in depth analysis!! Murtzaa Out
FX:US30
by TATRADEZ
Wyckoff Accumulation HYLN updated 8/19EV sector continues to show behind the scenes buying from HFs/tutes (look at unusualwhales.com and sort by date of 13F filing). in a previous post, i shared this idea and thought that the accumulation was happening without this downward move into a spring happening. clearly i was incorrect, as we saw very strange -4% days all in a row--which appears very "manipulated" when you also account for increased volume. (i hate using that term "manipulated" but what i mean is that the price was suppressed to allow for more accumulation by those who have the capital to do so).
HLong
by barrymeindrinks
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