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Wyckofftrading

BTC/USD Wyckoff Accumulation?Could we be in the midst of a Wyckoff Basic Scheme of Accumulation #1 on BTC/USD? One should take note that with how the institutions have been vocally entering Bitcoin, the way the crypto charting and trading game is played is changing. BTC may well have started becoming more classically "textbook" and less sporadic in its cycles. If this is the case I would say this Wyckoff Basic Scheme of Accumulation #1 here would very well be a strategy larger tradfi players are now using to attempt to shake out retail or those less experienced than them to accumulate as much BTC and profit as possible before Bitcoin (dare I say?) inevitably begins its move upwards again. It will be interesting to see if this theory has any substance to it. Let me know if you have any questions here so we may both continue our learning processes and help each other grow!
BITSTAMP:BTCUSD
by Hrempe
7
USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales.. Its still too early to tell but as we wait lets see whats in store for us
Long
by hakeemb
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
BTC/USDT Wyckoff Accumulation - 80% Accurate?BINANCE:BTCUSDT My Cleanest that I can come up with. What I did consider why somehow it is inaccurate. 1. Anticipation - Price where moved a bit and some are delayed in dip/pump. 1 reason: because of the market manipulation which will make this market a bit inaccurate down to 80% probability. 2. Fundamentals - Crypto fundamental analysis involves taking a deep dive into the available information about a financial asset. For instance, you might look at its use cases, the number of people using it, or the team behind the project. Your goal is to reach a conclusion on whether the asset is overvalued or undervalued. 3. Significant Dates - For example. the 12th of July 12AM and July 17 2021. These are significant dates because of the events that may come. Example for that is GBTC wallet release for July 17th of 2021. 4. Technicalities - I am just allowing myself to have fun with the market it allows us to make educated guesses about whether a digital asset's price will increase or decrease in the future. 5. Market Psychology - my observance and collection of wallets to produce prevailing behaviors and aggregate sentiment of market actors at any point in time. The term is often used by the financial media and analysts to explain market movement that may not be explained by other metrics, such as fundamentals. =========================================================================================================================== REF: www.investopedia.com Phase A The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume . The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move. The Selling Climax ( SC ) is formed by an intense selling activity as investors capitulate. This is often a point of high volatility , where panic selling creates big candlesticks and wicks. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excess supply is absorbed by the buyers. In general, the trading range ( TR ) of an Accumulation Schematic is defined by the space between the SC low and the AR high. As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. At this point, the trading volume and market volatility tend to be lower. While the ST often forms a higher low in relation to the SC , that may not always be the case. Phase B Based on Wyckoff’s Law of Cause and Effect, Phase B may be seen as the Cause that leads to an Effect. Essentially, Phase B is the consolidation stage, in which the Composite Man accumulates the highest number of assets. During this stage, the market tends to test both resistance and support levels of the trading range. There may be numerous Secondary Tests (ST) during Phase B. In some cases, they may produce higher highs (bull traps) and lower lows (bear traps) in relation to the SC and AR of Phase A. Phase C A typical Accumulation Phase C contains what is called a Spring . It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did. The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. In some cases, however, the support levels manage to hold, and the Spring simply does not occur. In other words, there may be Accumulation Schematics that present all other elements but not the Spring . Still, the overall scheme continues to be valid. Phase D Phase D represents the transition between Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E). Typically, Phase D shows a significant increase in trading volume and volatility . It usually has a Last Point Support ( LPS ), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports. Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E. Phase E Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
Long
by PuyatanHoldings
1
Wyckoff on EUI loved this markup because it shows me I'm thinking better about charting and WHY a move is made. So This played out nice. I think it will still clear a bit more liquidity at the top before heading back down IF the downward trend is over this is a good place to go higher. There was several OB's unmitigated that got filled the last 2 days. After the news drop it went back up then down and on its true path. The buy and sell were off unmitigated OB's with entry from 5M TF So this started a a sell yesterday that turned into a buy today.
by dimpil132