Get started

Wycoff

$USDJPY ‘s value is lower$USDJPY made excess high on 30th Oct, which indicate a liquidation. I am little bit late on this but to turn this pair to much deeper, we need to see new seller while USDollar Index is weakening. Otherwise the Pair will loose momentum for bearish move. $JPY is the weakest currency among the major forex pair, let see if there is more buying on JPY , which is sellers on USDJPY. Many retail traders jump on selling USDJPY without seeing the strength of the currency and don’t monitor the follow through. We can’t just trade base on the pattern only. We need to check any related instrument. If buyers of USDollar index come back aggressively, this pair turn very quickly.
Short
by ruby_kinetix
PERFECT WYCKOFF RE-ACCUMULATION - JB HI-FI (JBH:ASX)By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw the price reach $26. If you look closely at the volume each leg higher of the automatic rally, the volume was getting lighter. Suggesting the rally was weakening. Price completed Phase A of the re-accumulation with a secondary test. Note the volume was certainly getting less. Phase A of the process halts the downside movement of the stock. Throughout Phase B we see the volatility in the stock with swings to $30 and back to $22. What is key though is as we move through phase B, the moves to the downside and those large volume spikes are getting lighter each time. We are starting to see a transfer of stock from weak hands to strong hands. In January 2019, we see the first break of the selling climax in 18 months. Look at the lack of volume once it breaks. It's a break of a significant level yet there is no selling evident. The price jumps straight back above it and moves away from the danger area. The volume builds. We have seen our confirmed spring. Late February we retest the selling climax area, and price holds, showing strength in the stock. This is the first area of the phases that we look to take trades. It is the lowest risk area with your stop below the spring. Take notice of how the retest of the selling climax is also a retest of the supply line of the smaller downward trend channel formed in phase B. Phase C of the process is complete. Price moves away on strong demand and we are now in phase D. Now we notice that pullbacks are on very light volume. The professionals will not bring the price back down and give buyers the chance to get the price cheaper, there going to have to bid this up. We see a sign of strength as the price breaks the top of the trading range on a strong move. Price dips once more below the trading range to shake out any weak holders and phase E begins. We now have our last point of support and the stock is ready for mark up. We see a back up to the creek of only a few days and then price takes off after good news from earnings which always seems to be the case when the stock is in strong hands. We are now seeing the volume getting lighter as we move higher which isn't a bad thing as we now have strength in the background and supply has to show itself. If it doesn't the stock will continue to grind higher. If we do see supply come in in the near future, the stock may form a smaller trading range before moving higher again. The Point & Figure chart suggests that there is enough cause to move the stock to the $42 level.
ASX:JBHLong
by AussieWyckoff
GO LONG? HI guys, So on the 12h you can see that we are in a symmetrical triangle , hopefully we accumulate in this area, and make a move up and break out, the rsi on the 12h indicates bullish divergence in play ,which will lead to a medium scale bull run,. usually triangle breakout target's are based on the base of the triangle , the question is are we going to accumulate here or just have a minor correction and break down . Bullish target: 13.5k Bearish target 1.3k ( these are long term targets ,and ,targets should be measured from where they break out from the triangle) www.babypips.com We are still in a bear market, becarefull of misleading signals , wait for clear indications. stockcharts.com www.ccn.com keep an eye on market caps and sentimental news, for it can effect technical analysis ,vice versa
BITFINEX:BTCUSDLong
by jamen.mylion
3
Btc no Trade ZoneHey guys , while Btc is trying to get back into the larger trend, so far Btc is facing resistance at 200 ma which is a physiological price level as well '10k' ,for a bullish scenario we need to break high with great force above 200 ma , test the trend line for support and reach 11330 target ,but we are loosing positive momentum on the daily ,and the daily Rsi looks like its over bought, if we get rejected at these levels and fail to hold 9070 level, we can possibly retest the Re accumulation zone.and failure to hold that area, means that we will loose the move that brought us to the high, and that is very bearish signal,.
BITMEX:BTCUSD.P
by jamen.mylion
1
THE FALL OF BITCOIN???? Trends. Wycoff. Log scale. These are my thoughts only and in no way Financial advice. The crypto space has had a very wishy washy feel to it over the last two months. Lots of doubt and indecision. Lots of people spouting and touting the "Bullish" cards while very few I see playing the bearish side. Blinded Optimism possibly? ...time will surely tell. This is a very simple chart that really only focus on the overall trend/s. One of Jessie Livermore 's most crucial lessons was to never ignore the trend. While some have charts that say we are above the trend lines as of now (the two trend lines I am referring to are the yellow and green on this chart) As this is a 4 hour chart, if you were to look at the daily, we are bumping up against the 200ma that seems to have heavy resistance, and in this 4 hour struggling to pull the 50 above the 200. Volume is overall still high, and has grown higher overall which ads to a LONG TERM BULLISH trend that I think everyone and their cousin can agree on....Everyone wants to know, how low and when, however. Over the last few days on btc's last uptrend we have increased price with decreasing volume. A sign of weakness in price imo. Volume trend always proceeds price so based on that alone I say we will go down yet again - based on this mornings chart it clearly looks like the yellow line has slammed the door on BTC and now btc is running away with tears in its face heading down. With the lack of volume over the last few days and overall weak support on the daily I find it very likely that we will drop down to the 9k 9300 level soon. If that doesnt hold then we'll find our next support on the ORANGE trend line around 8k. This 8000 price point trend line area will be a key support. If that breaks, I do think we'll drop right through the red line/long term support and take us down to the 3.5 - 5k level. I have not been trading any of this market since we had the major dump to 6k in Jan. Overall I think we can likely be looking at a Wycoff distribution cycle that is finishing a LPSY and about ready to drop the bottom out at any time. From there it will go into an accumulation period where tons of the smart money will come into the crypto market. (smart money is already in and aiding to this manipluation imo) The weak volume over the last few days and, now dropping price has me leaning towards a lower low yet to achieve. Get your buys ready. Simply put - If we break the Green trend line I have labeled here - its very likely we can be full on bullish. (although I'd still like us to get above 16k to say we are in the clear.... If we drop through the orange or red trend line then we can expect a very low low incoming. IF we stay inbetween the lines over the next few week - watch for a breakout either side and that should signify a likely direction on the short term. "Sometimes no position is the best position. A compulsion to trade leads to disaster." Peter Brant.
BITFINEX:BTCUSDShort
by kyriegle
1