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Wyckoffmethod

Crypto Markets In Trouble : Potential Wyckoff Warning SignWhat is TOTAL2? The TOTAL2 Shows us the Total Market Capitilisation of Cryptocurrencies (TOTAL MARKET VALUE) the amount of money in crypto excluding Bitcoin basically. Investing and trading based on price alone is like seeing the tip of an iceberg in the vast ocean, analyzing the Market Cap of cryptocurrencies is a great way to gauge the strength of Altcoins and the Market in general. ------------------------------------------------------------------------------ Potential Wyckoff Distribution: Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR . In both accumulation and distribution TRs , the Composite Man is actively buying and selling - the difference being that, in accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ." See the Wyckoff Distribution Schematic here for comparison: www.wyckoffanalytics.com --------------------------------------------------------------------------- Thoughts: In this particular trading range we can see that the SUPPLY clearly outweighs the demand, with the equilibrium now falling below the initial formation of the trading range you can see on the left. Unless this gets back above 850 billion or so with the creation of a Inverse Head & Shoulders pattern (marked with yellow trendline) we are entering another potential mark down phase for Cryptocurrencies. Click this image to learn about Inverse Head & Shoulders Pattern: --------------------------------------------------------------------------- See my Bitcoin Distribution idea here for comparison: (Click and hit PRESS PLAY) Note the clear LPSY Last Point of Supply where BTC rallied with low volume and failed to get back inside the Trading Range. It is one of the key characteristics of DISTRIBUTION patterns.
CRYPTOCAP:TOTAL2Short
by Worth_The_Ri5k
7
EURUSD Wyckoff Analysis: ShortThe market did move narrowly and had a fake breakout. That is typical for whyckoff phase D during distribution. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
Short
by libertasrei
1
NZD CAD Major potential accumulationHey Guys, NZD CAD just came out of an accumulation on the daily timeframe, confirmed by the most recent break of structure, so our overall bias is long. But scoping in on the 1 hr timeframe we can see re-distribution, so we will not enter long yet, instead we will wait for price to go lower, and we MUST see accumulation on lower timeframes to go long, if we don't see an accumulation then very simply we will not be entering any longs. we will wait for the lower timeframes to be aligned with the higher timeframe to enter long. will update through the week.
Long
by Hammoud8721
USDJPY | Market outlook The Summer Olympics begins in Tokyo, which will be held amid a worsening pandemic situation in the country and in the world. Japanese Prime Minister Yoshihide Suga met with the leadership of Pfizer Inc., where he discussed the possibility of accelerating the supply of vaccines to the country. Also, the PRC government is launching an anti-dumping investigation against companies supplying rolled steel from Japan to China. It is expected that following the investigation, Japanese manufacturers will be obliged to pay anti-dumping duties from 39% to 45% The dollar strengthened against the Japanese yen Friday as the market shifted focus to next weeks Federal Reserve meeting. Investors next major focus is the Feds two-day policy meeting next week. Many economists still expect the meeting to advance discussions for a tapering of stimulus. Risk appetite remained high on Friday, with the rise in U.S. stocks, the sell-off in Treasuries, gains in most commodity currencies, and the greenback coming off its peaks. Possible retest around 110 area before bearish trend continuation. It's recommended to sell on the rallies.
Short
by DynamicCapital-FX
2
USD is smiling but for how long? | Technical AnalysisPublished today June data from the US construction sector was ambiguous. The number of building permits issued fell from 1.683 to 1.598 million instead of the expected increase of 1.700 million, but the number of new homes starts grew more than the market expected, from 1.546 to 1.643 million. The strengthening of the dollar is constrained by the worsening epidemiological situation in the USA due to the spread of the Delta strain. According to the Centers for Disease Control and Prevention (CDC), over the past week, the average daily increase in patients with coronavirus in the country amounted to 26K people, which is twice more than in June. Some companies are already taking action to contain the business impact of the new outbreak.
TVC:DXYShort
by DynamicCapital-FX
DKNG Are we starting to see the 10x advertising budget show?This is like a tiking time bomb waiting to explode in a good way. They stated at the begining of the year that it would be in their best interest to increase their advertising budget 10 fold. It was an obscene amount of money I want to say close to 50Million? I could be off by a 0 here or there. but the end result is based off increasing the advertising budget 10x we should see an increase to profits equal to. With covid and gambling going up in general....this should be an easy win win. by iCantw84it 07.20.2021
NASDAQ:DKNG
by iCantw84it