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Wyckoffmethod

BTC Wyckoff Accumulation Phase - UPDATED!< #NotInvestmentAdvice > I previously published a version of this that I now believe was overly-pessimistic. With a couple additional days of hourly bars closed, I believe this updated version lines up the Wyckoff events far more accurately. In particular, I believe the Phase "A" events (PS, SC, AR, ST) line up perfectly according to their textbook descriptions, which places us solidly into Phase "B" at this time. PLEASE NOTE: The dotted projection lines & arrows are conjecture/guesstimation ONLY - it is impossible for anyone to predict exactly where the market will move in the future. Having said that, I believe the remainder of this accumulation phase will very likely follow the general parameters of this Wyckoff pattern. Personally, I am preparing take modest profits between $42k-$46k in preparation fro a possible plunge below $29k intended to shake out any remaining "weak hands" and transfer their BTC to the Large Interests and the Composite Man Composite Man . If that does happen, I want to be prepared to accumulate along with those interests. Note that NOT all Wyckoff accumulations involve the "Spring", and in fact we may not even drop below $29k, that may have actually been the Bottom. But after the turbulence of the past couple weeks, I'm not betting my portfolio on that, and I'm making sure I am fully prepared for both of these contingencies, and I have a plan in place in case of further drop. I suggest *everyone* has their own plan in place appropriate to their personal investment strategy. (If you happen to be using leverage, BE CAREFUL and do not engage in wishful thinking! Plan in advance what you'll do if you need to ride BTC down to an unanticipated low!) Again, personally I do NOT believe we are in a bear market; I believe what we are seeing is the result of blatant & obvious market manipulation by the Large Interests that want to buy our crypto at fire-sale prices (<$30K? WTF??? That's just GREEDY!) I expect these interests are going to try to hold our heads underwater until we lose our nerve, capitulate, and cash out at current prices or lower. I have no interest in doing that. I *hope* we've already bounced off the bottom & have a linear move straight up to the Moon, but I don't really believe that. Hope for the Best, but Prepare for the Worst ... Lastly, I STRONGLY URGE you to spend 20 minutes educating yourself on the basics of Wyckoff theory by reading the overview page at: school.stockcharts.com Technologies change, but human nature & emotions don't, which I believe is why this 100 year old theory still provides value!
BYBIT:BTCUSD.P
by LASultan
4
BBY Bestbuy Trades to watch for this week #1I am going to post about 5 trades or more to watch for every week. Rules are simple. Step 1-Watch price action wait for it to respect the trendline...Preferably the bottom trend line. Step 2-When price stops, bounces, wicks back up over the trend line. That would be your first sign to get in. Step 3-If you are more patient or skeptical, wait for price to move away from the trendline and then come back to it. When it repeats the Step 2, that's your trigger to get in. Step 4-Make sure you have at least 30 days on whatever option you are picking. Step 5- Try to pick a strike price that is at least the last previous High or the top of the candle after a gap down. (AkA in the money or slightly out of the money no more than that.) if you have any questions please feel free to comment below on whatever it is and I will be sure to answer. If you aren't asking questions you aren't learning. by iCantw84it 05.24.2021
NYSE:BBYLong
by iCantw84it
6
Wyckoff Price Cycle ExplainedAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure above. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
BITSTAMP:BTCUSDEducation
by Lzr_Fx
SPCE Virgin Galactic Broken down 7 different ways no indicators You don't need fancy indicators, algos, AI, Bobs approval from down the street, or even that one kid who made 100k and lost it all on WKHS meme stocks, (because he doesn't know how to trade) to tell you what's going on. You don't need news or to find a lucky penny, you can even let the rabbits keep their feet. I broke this down into 7 different ways you can look at this chart. I am not even using the indicatiors I have on there. 1-3 is a break down of trend lines and how price follows breaks and comes back to an area to give you Three ways you can find a way into this stock. (3. being the safest place to enter any trade) 4. Is using an old trend line and identifying exactly where we are today on that trend and what was the result. Does it respect the Trendline? Does it ignore it? 5. Is taking price actions new angle being formed after it has come back down to its old trendline. Drawing a upward trendline to predict the high on any given day and what to anticipate from it moving forward. 6-7. is a break down of Wyckoff methodology accompanied with the Curves Stages (My own personal brain child) paired together to give a reference as to where Institutional buying is present. Also take note that this is done a Daily Chart which will result in better movements into the directions you are wanting to follow this into. You can do this on a 15 min chart but it will result in smaller moves.
NYSE:SPCELong
by iCantw84it
BTC Possible Entry to Wyckoff Accumulation PatternAfter seeing some content describing the correlation between BTC's recent price activity and the Wyckoff Distribution pattern (many thanks to YouTuber "Uncomplicated"!) and seeing how perfectly they matched, I took the next logical step to project what it might look like if we transitioned directly into a Wyckoff Accumulation pattern. This Idea presents one possibility of what that might look like. I have drawn this Idea to be intentionally pessimistic, as I am "planning for the worst & hoping for the best". Based on this work, I am preparing for the possibility that I may need to HODL my BTC down to a price point of approximately $15k ... something I would have thought impossible a few months ago, but it doesn't seem so impossible anymore. The upside of that, obviously, would be to accumulate additional crypto during this cycle. NOTE: All price levels & timespans are guesstimated for projection purposes; if we actually do enter such a phase, it could be shallower & faster, or deeper & slower, depending on more variables than anyone can be aware of. ALSO NOTE: I HOPE I'M WRONG ON THIS! I am long-term bullish on crypto projects in general & BTC in specific. As a career technologist, I believe deeply in the purpose & mission of crypto assets, and what they can provide in our world. I am hoping for a best case scenario where the recent plunge to $29k is the absolute lowest bottom we ever see again for BTC ... but I wouldn't bet my life on it. For a description of Wyckoff theory, check out: school.stockcharts.com #NotFinacialAdvice
BYBIT:BTCUSD.P
by LASultan
2
Analysis of March 2020 Shakeout - Signs of BullishnessHey Team, Don't understand why the world gets surprised when something goes down and neither should you; as a trader it does not matter whether the market rallies or falls, trade accordingly. I love all these gurus coming out saying "I told you should not have got in BTC or crypto". They miss the point and the gains that were made on the way up. These gurus say - "look BTC fell 40% in a day, you are so stupid for getting in", yet the methods they teach would have tight stop losses that would have got them out with a small loss missing the larger correction and locking in gains. BE CAREFUL WHO YOU LISTEN TO AND TRADE YOUR OWN STYLE AND PLAN. So this chart I have laid out is the March 2020 low and what I see as a path to higher prices if we are to rally from the current area BTC is. I'll keep it short and sweet with most of the main points on the chart * Multiple test with weak supply bars followed by strong high volume green bars. Each bar engulfs the supply bar * 2 significant strength bars pushing through resistance with high volume and no retrace in price on following bars. * Decreasing volume yet solid rally back into the TR showing Ease of Movement - no significant supply * KEY POINT - we hold the lower support of the TR after multiple test and show strength Keep in mind I am actually bearish at the moment and see a test back to around $30,000 or even lower but it gives you some signs to look for to validate a bullish scenario. Good luck
by DecpBTC