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Wycoff

EUR/JPY BULLISH I started of by noticing a bullish reaction to a level of interest to the upside in the daily chart. In order to confirm the bullish directional bias, a major accumulation was identified in the 60 min chart. However a minor accumulation within was formed and a trade was taken upon confirmation , in the event of confirming the previous major accumulation an even smaller accumulation was formed and a trade was additionally taken based on it. After the consecutive minor accumulations the market picked up enough momentum to confirm the major accumulation which we are now looking to participate on, given the conditions remain bulllish and the accumulation is not invalidated. For more in depth explanation or discussion. Leave a comment below requesting.
Long
by smilescloud
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
BTC Very Likely in Wycoffian REdistributionLots of TA guys that apparently very recently found Wycoff theory seem to think that we are in Accumulation after just a single markdown and I don't see the case for that currently. A period of long term accumulation will lead to a mark up and then a consolidation in reaccumulation. Likewise when things begin to step down there is a distribution, markdown, and then consolidation for the next leg down. That consolidation is very often Redistribution. Think of re-accumulation as wave 2 in Elliot impulse or wave B in correction. The main difference is the direction into the trend and instead of preliminary supply we have preliminary support and instead of a buying climax we see a selling climax. One key point for each of these formations is you do not always get the Upward Thrust after distribution, but it is a nice sign when it occurs because it helps you see the distribution and know that the markdown will proceed violently. Since the price action is after the upward thrust and last point of supply I expect things should start moving in relative short time. It is very likely that this markdown will make up the right shoulder of this head and shoulders but that target setting has been covered by enough analysists I don't see the point of wandering off. I will just reiterate that I think we will bottom (and accumulate) around the 200 week SMA & the bottom of the monthly Keltner Channel, with some wicking.
BITSTAMP:BTCUSDShort
by This_Guhy
11
3 Wycoff Accumulation ScenariosWell, if you are not aware of how we got played by insitutional players and whales by now, this is for you. Currently we are in wycoff distribution phase E as the top formation. I know we are going to 100k, but not with a straight line and probably not this year. Since we are in Phase E of wycoff distribution, we will need to go down and complete it, following a markdown and accumulation as indicated by the wycoff price cycle in my screenshots below. So, after distribution at the top comes the markdown and then the accumulation at bottom. I have drawn 3 scenarios for this bottom accumulation phase. According to this analysis, here are my bottom targets: Best case: 19k There will be no markdown and accumulation starts right away, down to 19k. I find this unlikely because accumulation and distribution will overlap, without any mark down. Whales will need more. snipboard.io Moderate Case: 13-14k Still no markdown, but also no overlap. Accumulation starts at 20k and price will go futher down to 13-14k range. I bet whales want more. snipboard.io Worst Case: 10k Current top distribution completes at 20k. After a 1-2 week mark down, accumulation begins at 16k, going futher down as low as 10k. I find this to be desirable by the composite man (whales) as they would have screwed every single bitcoiner in the market but themselves. Yeah, they will want this. snipboard.io Stop playing the victim and start acting like the "composite man" meaning the whales. Read more here: school.stockcharts.com In case you havent watched the uncomplication, who pointed wycoff back in April: Original video in April www.youtube.com Update www.youtube.com Be safe.
Short
by BitcoinMillio18
9
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