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Wyckoffmethod

Wyckoff – Have the Spring been reached?An update to the Wyckoff Chart, adjusting the pattern for the past few days of price action that has seen Bitcoin break to new lows, recover and then fall to retest the low zone. This looks like a text book structure for Phase C of the Wyckoff Method, and if continuing to hold to this pattern, we should see Bitcoin begin its rally to new highs starting from here. However , I still feel there is a likelihood that the bottom of the spring might not have been reached. For instance, I have a very hard time confirming that there is a 5-wave count to the bottom of the Spring and there seems to be persistent weakness, with the MACD looking bearish and a firm rejection at the 20MA that delivered a bearish engulfing bar. On top of that, the recent low has fallen short of both the correction projected from the Head & Shoulders pattern and the Fibonacci retracement for wave C…while there are still signs of weakness. Perhaps the lack of a bullish reversal signal, or the prevalence of bearish indicators doesn’t matter in the world of Wyckoff price manipulation, but I am cautious here that the Spring has not yet been reached and we could still see a brief but sharp move to the downside. So I think I am bearish while price remains under $35k.
COINBASE:BTCUSDShort
by Crypto-Swing
45
Bitcoin - 2020 Correction as a Wyckoff AccumulationIn response to a query about past evidence of the Wyckoff Accumulation in Bitcoin, I publish this study of the price correction through the end of 2019 and early 2020. As can be seen, there is a strong case that this was also a Wyckoff Accumulation, with all the major features being represented. What do you think, is this evidence of manipulation of the Bitcoin price last year? Have the vampire squid banks of Goldman Sachs and JP Morgan been operating in a clandestine fashion to get control of the BTC and Crypto markets? ... and what ever happened to the Bart pattern? 😀
COINBASE:BTCUSD
by Crypto-Swing
9
BITCOIN - Wyckoff Redistribution UpdateHello everyone, rouzwelt here Well I have demonstrated Wyckoff Backup Action Events in my last idea as you can see in the screenshot below (full article link at botttom of page), and as of right now we have seen clear rejection from our resistant line at 32300 (PS) , and price action is showing that it's weak and can dump more. and the projection I have shown in the Screenshot is playing out somehow. I want to note something in the next Screenshot below, and that is as you can see, price action have clearly broke down local trend lines (yellow lines) it could have formed. that's not good but I just wanted to note this so that we can see btc couldn't form a local trend line to find support at. but let's see if the current one can hold or not. Anyway, Let me say something, whenever price is going up you want to see volume coming in and increase at rallies up and decrease at reactions and vice versa in the opposite direction. Now let's get back to the main chart. I believe that btc is weak right now, we don't see volume coming in at rallies high, actually its the opposite, we see volume at rallies down and decrease at reactions up. And that's what we are seeing right now at the btc 1H chart which I believe is pointing lower levels at this point. But let me say smoething, that can reverse for a short period of time and we can head high locally to the blue trend line drawn in the main chart, well if we see this happening then I'd like to see the price squeeze around the blue trend line and a break out after that, only in that case I would open a long position for a short-term uprise. But lower levels are the more probable scenario (the red arrow price projection), and if so, we will get the last LPSY in back up action phase of wyckoff method and then I would be opening my swing short position. Let's end by saying that the blue trend line in the main chart is the most important level for me to break if BTC wants to head high and test 36.5/38/40/42k resistants and potentially showing some strengths after almost 3-4 months.I don't want to sound bearish and actually I hate bear market as much as you do but we need to see some sign of strengths before saying we can see higher levels at least at this stage.
by rouzwelt
4
BITCOIN - Wyckoff Redistribution Backup ActionHello everyone, rouzwelt here As I demonstrated in my last idea which you can see its screenshot below (Full Article Link Bellow) that we need more info and more candles to get printed so we can begin to say wether BTC is in accumulation or redistribution phase. And right now after BTC failed to break Last Point Of Supply and rejected, we are seeing a lower low getting printed, although that's not the best news, but that shows us that we need to be prepared and position ourselves accordingly. And right now we can clearly see that BTC have entered its backup action phase, where a smaller version of wyckoff method is playing out. I have noted the events in wyckoff method in the chart and projected the price action which is probably going to play out going forward. Price now may rise to middle of the wyckoff channel then gets rejected that forms the LPSY in Backup Action before dumping again to print a local lower low (below SOW - bold red line) or a golbal lower low (below SC - dotted red line) and forming the last LPSY which is where I personally am going to position myself right there. Although I should note that there is still a chance for this idea to get invalidated if we start rally higher and print a higher high, break above the 35/36k resistant and head to our main resistant area of 42k, and when that happens I'm going to start thinking that this whole price action of last few weeks may have been an accumulation, but we sure need to see BTC break above 42k resistant and print a higher high, that's the key. But for now the chances are low as BTC is close to the bottom of the channel and we don't see buyers showing any sign of strengths. I should note that the higher the volatility at this stage the more chance BTC is in redistribution rather than accumulation. How much price can dump if this idea plays out? I don't know and I don't care at this moment, all care about is that I can open my position with minimum risk possible, and on that note I'm going to end here. Have fun and trade safe.
by rouzwelt
3
Bitcoin is In accumulation Zone ? Wyckoff model BtcusdtIt reflects the whole idea of a potential accumulation zone of 42-30k, which was put forward as the main one on June 4. Very often I consider different models, both analysis and trading charts. I can say that according to this model, the levels of $ 30,000 and $ 32,000 act as a large reference support zone Secondly, if you notice on the daily timeframe, the price almost immediately returned back above the 32000 range. Starting from the 4-6-12 hour timeframe, the closing of trading was above the specified zone. This model implies that a big player averages the price in this range, although what to write here, you can see everything for yourself. Because at this moment it has already become obvious to many of these zones, let me remind you that the key resistance is the same; 38930 - 42190, and the support is; 28805 - 32180$. Making an overview of this situation, I can say that all this is interpreted as a flat with a wide range of price movement, which partially confirms my hypothesis about lateral accumulation in the range of 30000-42000 and begins to take the form of a Wyckoff model... But this is not accurate, IT IS ONLY A HYPOTHESIS!!!!!!!! And if we take this model into account and apply it on this segment , we can see that accumulation always implies an upward exit, and full confirmation of this will be if the price is pushed beyond the 42000 levels and left there to continue the price movement into the seller's block, where the goals will be 45000-48000. But this is only a probability, because there are still many other models that tell me about a different outcome. I will leave this model here to hear your opinion on this issue.
by CryptoJaegerB
5
This is what Wyckoff accumulation could look likeHere I drew what Wyckoff's accumulation model could look like if applied to Bitcoin. We have clearly had Phase A with the initial drop, automatic rally back up and secondary test. We have bounced around for a while in a range in Phase B, also with a secondary test. I believe we are in Phase C, with the spring completed, being the absolute bottom of this correction. So now what? If we are in Phase C, we will slowly go back up, setting higher highs and higher lows until we reach Phase D, where we will quickly accelerate up, eventually breaking the 41-42K upper resistance of the range we are trading in. If bitcoin flips that range into support and holds, we have completed Phase D and it will be time for Phase E, where we could see some good gains once more. Of course this will not play out exactly as I have drawn here. This is to show a rough idea of where we stand if this is indeed a Wyckoff accumulation. Note that this is for educational purposes only.
BITSTAMP:BTCUSD
by bronzieplays
3
Wyckoff Redistribution or Accumulation??I have been looking closely at the price action since we have fallen down to 30/40k area, as I have demonstrated in the chart as you can see the wyckoff phases, right now as we have bounced from the lower 30/29k area with a wick it may be an early sign of spring, and as we know it if its a spring we should see a macro higher high, that means btc must break 42k resistant and close above it daily. if we get that its a confirmed spring and we can look for buy setup on backup action. but if even we get a spring and head high it would more be a dead cat bounce and can reject at 50/60k area. but the second scenario is that we have printed a SOW (sign of weakness) and now we are at last point of supply, which means that lower levels are ahead. I know that might not be the best news for many of us, but we should stay balanced and look for both options, as if you dont pay attention to the worst option you might get wiped out. As for my own personal opinion, I believe the chart looks more like its redistribution rather that accumulation, I say this because we had an clear UT that rejected badly to 29k area, yes it didnt close below 30k but thats more a sign of weakness to me rather a spring. before this week we had some good bullish news but i think they came at the worst time possible, and now they are forgotten like El Salvador news, so they didnt effect the market as they would have if came at a better time. I dont want to sound bearish but I believe there are many strong resistants up ahead that each of them can reject BTC hardly. right now Id rather monitor the price action closely to see how candles get printed and then I will plan my entry according to that. thats the best strategy for now at least for mid-term cause that would reduce my risk to minimum, cause the price action in the 30/40k range so far have been haunting everyone's SL. Anyway let's wait and see what happens and know that if you are using wyckoff as your main strategy, you always wait for confirmation and you make all of your money and profits in between, you dont buy the low, you dont sell the high. Trade safe and practice risk management all the times.
COINBASE:BTCUSD
by rouzwelt
10
Follow StructureToday I followed Structure using Wyckoff, Accumulation, Distribution etc. My chart looks messy but All moves were caught with patiences, following price and structure Since switching to Wyckoff Methods I've been more successful with Order Entries, Minimal Stop Loss risks, thus minimal draw downs when they occur and good profits. This was all done in demo. That is fine because the more I understand the method, the more accurate I become I increase the confidence which results in increasing wins and draw downs when they occur and the goal is to have that same confidence that comes with practice going live Account management is primary goal when you are learning or when you are a seasoned trader. So anyone thinking Wyckoff or Smart Money is too hard, just take one step at a time and it unfolds itself.
OANDA:NAS100USD
by dimpil132
ETH/USD - Wyckoff accumulation pattern, RSI-14 supportedHello, As we regularly visit the 'oversold area' on RSI-14, this suggest accumulation on the market. CME expiration date could suggest the the "spring area' in the pattern. CME expiration date is right after the launchpad of testnet of EIP-1559. The final 'London hardfork' with full EIP-1559 implementation stats 14. July, however right after testnet we will know if this implementation work properly... If it does, guys... (and ladies!) SKY IS THE LIMIT!!! Best, as always, Paweł ;-)
COINBASE:ETHUSD
by PawelHodurek
WYCKOFF MANIPULATION?!Hey! this is a little trip into my mind. If you don't mind looking into the rabbit hole. This is just an opinion, not financial advice. I feel like there is a whole bunch of fud and speculation going on. Is it that hard to see that this could be a Wyckoff Method? See the Triple bottom. To put this idea over A bull run from nowhere would have to happen. I see signs off a wyckoff in the making. The next couple of days will either prove me wrong or right however, I just can't see the bullrun ending this soon with all the good news. The first bullrun lasted 518 days after the first halving. It has lasted 546 days after the 2nd halving. The third halving was May 11th, 2020. Its has been 406 days. The math does not add up. On average the bull runs ova been at least 518 Days. I get that this is a different cycle however, there is a surplus of money and consumers that we've accumulated as a whole to invest into the crypto space. This is very left brain of me however the statistics shows that there needs to be a final blow. Think about it, Why would the bull market turn away now when the entire world is investing into crypto at a rapid pace. Think of how early we are in this space. With whales in control, we have to realize that everything in this market is emotional response to their movements. Things are being controlled by social media, celebrities, governments, and hedge funds. Just like we have our safe space to share ideas, there are bigger rooms in play mapping out a gameplan. I don't feel like this bullrun is over however I can see there's alot of selling pressure. Simply, we are responding to the top 1% . It's easier to be fearful when everyone else reacts to the "chaos. Its always about perspective. SKIP HERE TO SUM IT UP IN ENTIRETY! Short term I'm bearish, I need to see how BTC moves. There is a must needed move in order for BTC to back bullish short term however if you zoom out, there is still opportunity for this to flip and breakout. It will take September to believe otherwise.
COINBASE:BTCUSDLong
by deondrecfloyd
4
What is the Wyckoff MethodPhase A. Stopping the previous bearish trend. • PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail. • SC. Selling Climax. Climate action that stops the downward movement. • AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range. • ST. Secondary Test. Test of the level of supply in relation to climate action. Establishes the end of Phase A and the beginning of Phase B. Phase B. Construction of the cause. • UA. Upthrust Action. Temporary breakout of the resistance and re-entry into the range. This is a test at the maximum generated by the AR. • ST as SOW. Secondary Test as Sign Of Weakness Sample of weakness in test function. Temporary break of the support and re-entry to the range. This is a test at the minimum generated by the SC. Phase C. Test • SP Spring. It is a test in the form of breakout of the minimums of Phases A and B. There are three different types of Springs. • Test Spring. Downward movement towards lows of the range in order to check the commitment of the sellers. • LPS. Last Point of Support. Test in the form of a bearish movement that fails to reach the minimum range. • TSO. Terminal Shakeout or Shakeout. Abrupt movement of minimum breakout that produce a deep penetration of the level of support and a fast Phase D. Bullish trend within the range. • SOS. Sign of Strength. Bullish movement generated after the Phase C Test event that manages to reach the top of the range. Also called JAC. Jump Across the Creek. Creek jump. • LPS. Last Point of Support. These are the rising troughs we find in the upward movement towards resistance. • BU. Back Up. This is the last big reaction before the bull market starts. Also called BUEC. Back Up to the Edge of the Creek. Back to the creek Phase E. Bullish trend out of range. •Succession of SOS and LPS generating a dynamic of rising highs and lows.
by FXMHDH
BTCUSD my TA is my opinion, based on my study of wyck, vsa and price action, and definitely not trading advice. please dyor hey all so the range that btc is in right now appears to be accumulation, because 1. we're coming off a huge drop and 2. all or most of the big volume is in the lows, of this current range, looking back, B looks to be at identical re accumulation levels, that we saw at the begin of 2021/(demand zone) imho b will drop to 27,000 levels slightly lower than the drop at the beginning of the yr because we are coming off that huge 50% drop and hungry bears will get pulled in, thinking we're going to to the popular/fundamental call of 20k, which in my humble opinion, 20k is bear bait and whales will use it to trap bears before btc boosts off the incoming "spring" at 27k levels, watch for a high volume break below range, followed by a high volume bullish reaction. gl to all frbIII
COINBASE:BTCUSDLong
by freddy_ray_brown_III
3