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Wyckoffmethod

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
Potential Further Upside for ThaiBevPrice broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume). Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum. 1st target level will be at S$0.95 resistance. Stop price at 10D SMA (10 days simple moving average) Disclaimer applies.
SGX:Y92Long
by Brandon_Leu
BTC in Re-Accumulation RangeRichard Wyckoff Method is a comprehensive market analysis technique that consist of laws, market structure (Cycle) principles and trading approach. There are many technique and strategies that track and analyse trends but few analyse the range itself that produce the trend. Coupled with the core principle of Supply and Demand. BTC showed that Supply has weaken and Demand gaining strength, in line with our Fund Flow indicator (FFI) observations. After testing supply in phase C, we expect demand to continue building up from here and enter in Phase D, where we are likely to see a breakout of the range, 10,000 as breakout level (Creek). Despite strength in demand, we continue to be open-minded and watch for any sign of supply. Cheers.
BITFINEX:BTCUSDLong
by Brandon_Leu
1
Further Bullish Expectations for BTCThere are many techniques written on price action (price and volume analysis). Wyckoff Method is one of techniques that relates price action with demand and supply. New to TA trades may be shaken out of the trade after observing the wide red sell off candle (or bar), bearish engulfing pattern. However, Wyckoff principles denotes the action as bullish. Compared to the previous wide green candle, where he volume is large but the red wide sell off volume is about just half which translate to weak supply. Thus, despite BTC is currently trading in range, demand and supply continue to suggest Demand > Supply. Expectations remains on the upside. But as Wyckoff traders, we are always on the alert for any incoming supply. 10,500 is our downside pivot. Cheers.
BITSTAMP:BTCUSDLong
by Brandon_Leu
3
Expecting Further UpsideExpecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase. Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action. Stock is trading relatively stronger than the broad market (RS above zero), indicating strength in demand for the stock. Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range.
HKEX:700Long
by Brandon_Leu
HD MACD Divergence play + they bought a BOAT!White is the preleminary key code I made - Most probable because Price action has bounced off the 20 EMA at the current price level. Blue is a more recent and aggressive key code. Orange is litterally the move right behind the current one. If you follow any of the videos I make I talk about my millionaire mentors setup for Divergence plays. You will notice about the time all the option chains end I tend to make a video about a divergence play. Because, when all else fails, finding thorough bred stocks like HD, GS, RRR, ACM that only move across the top of the Bollinger Bands on the Daily , when combined with a dip down to the bottom BB creates a Divergence almost every time. These Divergence plays are the strongest plays and have a high success rate. the trick to them is giving them enough time to pan out. 32 Days is the avg amount of candles it takes to finish a complete move from one BollingerBand to the next. That said HD is creating a huge divergence play. Setting up for perfect timing as they just had to adjust all their profit expectations all the way through 2022! Demand and backorders for product is so high for Home depot they had to buy not rent, not secure a larger portion of cargo containers on a boat.....But buy an entire Cargo Freight Liner to go and pick up all the product they need for their stores so that they dont have to continue capping the amount of product to each store to sell. Just so every store gets a chance to sell the product. The next 1.5 years for Home depot is going to be another major Growth Period for them. Between them and Lowes they command 30% of a sector for Home improvements which is nearly 800billion dollar industry to date. Which is said to become a $1 Trillion Dollar industry by 2022! Its all because americans love to spend money on fixing their houses. Covid made them stay in their homes and actually spend time looking at everything that needed or could be upgraded. With Free Time and Money in form of Stimulus Checks, guess where they spent both. Now that restrictions have been lifted and people are getting back to normal work conditions spending in these areas are said to increase and continue to grow as new living conditions and habits have been made. People will go out and reintegrate themselves with society but a even stronger devotion to home has been made. Thats all I have , happy trading and pls comment , like, subscribe as its the only way I know you actually enjoy charts like this. Thank you, by iCantw84it 06.16.2021
NYSE:HDLong
by iCantw84it
Wish it is not trueHey everybody! i liked wish before it became a mainstream on the wallstreetbets forums and now i have some warning points i would like to share with you: 1. The company is doing insanely big volumes vs it's market cap & 2. All retail investors have an eye on it ( bad sign for me) 3. Possible distribution on the 5 and 15 minutes chart? please have a look i would really like your feedback *I still consider wish a cheap stock at the moment and a move close to the IPO price over the next 3-9 months seems right to me. However with the attention it got from the reddit forum i believe it will accumulate between $9-12 for quite some time, maybe till the next earnings report... retail investors will get bored/tired and eventually exit their positions and then the stock can move higher.
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by Philoslother
8