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Accumulation

USDCHF nice Wyckoffs in August, will the accumulation hold?USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING? August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area). With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs of retracement around 0.91000 area. If we'll get to the SPRING area this week, I'll be looking for LONGS within the current accumulation (Spring / LL >> TEST).
Long
by GibsonTrades
GBPUSD strong rally.. a correction? or a trend-reverse thingy?GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h. With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000. I'll be looking closer for a distribution signs between 1.37400 and 1.38000, looking for some nice setups to SELL ⬇️up there. On the other side, if the price pushes down strongly below 1.36800, we can get action around 1.36600 later this week. So, a correction, or a change of trend? I'll keep an eye on GBPUSD this week. 👀
Short
by GibsonTrades
NZDUSD this week price action analysisNZDUSD >> after a nice accumulation over last week, we finally got to a mark-up closing in to a 0.618 - 0.786 FIB retracement area. 📈 What's happening next? Few options here. Either we'll enter into a distribution, which can nicely fill up the inefficiency around a round 0.70000 level and continue lower to 0.68000 OR we can keep getting higher to target some SLs around 0.70500. Time will tell. 📯With plenty of fundamental news coming out this week, we've got something to ponder on. I'm keeping my eyes 👀on NZDUSD this week. If any opportunity arises, we may get into some nice trades setups. Have a great evening.
Long
by GibsonTrades
Xrp monthly timeframe Notable!Hello! Looking at XRP/BTC on monthly you can see that the price has made a quite big base on the price. Xrp has been consolidating for a long time. Actually 2 years now! That is a long time in crypto. I'd say there is big holders here on these levels waiting.. Patiently.. -Notable is the possible head and shoulder pattern. I did put the blue arrows for thats target. -Big volume indicates that the bottom is in. -I made the 50 EMA (brown one) little bigger so we can see its importance and how the price has been respecting it. (Red arrows) I think this one is preparing for a big move. Usually after this long consolidations there is pressure engorged and it must get out somehow. Will see. This is just speculation. Check out my Monthly Ethereum analysis back in november 2020 When/if we see a break from the 50 EMA and the key level which i marked this can move really quickly 180% against bitcoin like we have seen Xrp do many times I am starting to look possible longs for this one. With tight stop loss ofc Always use stop losses or you will get your ass burned! N.1 mistake traders do is not to use them -Jebu
Long
by PalenTrade
ADA and ADA.D and crazy targetsADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me. The Thumbs up are what has flipped bullish and needs to be maintained till the weekly close. The question marks are what still need to develop and are unlikely to develop this period. Getting everything to be thumbs up on the weekly can get us a high probability impulse. Last time we went from 15c to over $2 before the weekly VSTOP flipped. We can outdo that this impulse. The chart below Using the double ichimoku clouds for trends and volatility we can see price action has popped above the kijun (crypto) settings and both clouds are bullish. This is a very good place to be if you are long. The On Balance Volume EMAs are getting themselves stacked bullish once again with OBV above the 10 EMA, which is above the 20, which is above the 100. There is not a lot of detail to the monthly chart but it is clear that no component of my system flipped bearish on this time frame while other top coins did. That puts ADA as a leader. I am not going to give you a powerpoint of death, but ADA is bullish on the daily, 3d and monthly according to my system. It just needs to get the weekly sorted out and I believe that has a high chance of happening. The chart on Ada Dominance is extraordinarily bullish. It may go x3 in 2022 in a bull market which suggest massive gains for ADAUSD. The rising wedge does appear to converge on the 1.618 level and generally that predicts a breakdown to the bottom of the wedge. In blow off tops you can see price action pop out the top of a rising wedge before reversing in dramatic fashion. This will be a chart to watch. Here is my crazy bull market scenario. I have seen enough movements assets to reach the 2 line that I think this has a higher chance of occurring than most people would initially accept. Have a look at TSLA. It consolidated for 6 years and then has gone up to the 3 line and might take out the 4 line on the next upleg. Absolutely crazy target. If you said that TSLA could be at 715 when it was at 50 (accounting for the split) and you thought 1400 was a target people would have called you mad. But a few years later here we are. And ADA has a lower market cap and a faster market cycle. Here is Bitcoin with a fib log channel from 2015 when it was under $200. That 1.618 line has been very predictive of stalls and tops. The 1 line was very powerful as support. I think we will see BTCUSD approach the 2 line, very easily. All that suggest to me that my ADA target is crazy, but doable. My plan? Look for pull backs to buy on the 12h or daily on heiken ashi candles and use those to add to my position and set stop losses. If price is above the clouds and above the 50 period and we go from red to green and get some shadow less candles it is time to look for an impulse. I hope to let my winners run and so I will be doing more of trailing my stops up than taking profits unless we are at a serious level on the fib log channel.
BINANCE:ADAUSDLong
by This_Guhy
12
VAKRANGEE Accumulation Phase Explained In Very Short.NSE:VAKRANGEE Today we will be having a look at the weekly chart of VAKRANGEE which is currently in a re accumulation zone. The main topic of this post is going to be how we can identify whether any stock is in accumulation phase or not. So, if you can see weekly chart of VAKRANGEE I have already plotted support and resistance levels for VAKRANGEE. Support for this stock is in area of 24-34 from where we have seeing strong buying check the points Marked with E,F,G,H I and J where you can clearly see the strong buying is happening whenever stock comes in to that area which is confirming by supporting volume at those areas. If we look at resistance, level of 71 is good resistance for this counter but look at points A,B,C and D from where we have seen prices moving down, but wait look at volume at same levels its started drying out as prices moving down. Both of this actions near support and resistance levels indicating that some one is buying on each deep or Accumulating VAKRANGEE and that someone will definitely be the Professional traders of so called smart money. And last weeks up move may be final intimation of up coming uptrend in VKRANGEE because if you can see points H I J they are forming higher lows now while all three points before those were forming lower lows which indicates change in trend. Still Level of 71 will be very important for VAKRANGEE and after that stock will shoot up nicely. Thanks For Reading. || Hari Om || || Shree Ram || || Ambadnya ||
NSE:VAKRANGEELong
by PriceVolumeRider
3
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello. I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point. We have a double back test from previous resistance. One long term finding support from previous bottom resistance Another short term indicating another possible reversal. RSI is showing momentum is about to break the current downward trend Current correction is testing the lower edge of the channel. Estimating that around November 12 we will see PLG at around $14 for a +4x gain. Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run This chart is full of good historic data showing strong potential for quick gains
AMEX:PLGLong
by KondrackiKarl
UCAD, FROM BEARISH TO BULLISH! Ive been looking at UCAD for quite sometimes, when the Pandemic happened, UCAD flew and went higher and higher, its been more than a year and UCAD had been falling, I believe this is base on different TA and FA. Now, UCAD base on the chart went into an Accumulation phase, the phase lasted for about 42 days, this means that some big players knew and were accumulating. Base on the shorter time frame, we are still very bullish on UCAD. It had made a first re-trace and is now going to its second re-trace, we will see.
Long
by OmaOne
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
What's happening with Gold?Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch. But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower time frames e.g. The 4H is saying south is the probability. The point is that you gotta pick a trend on a time frame and stick with it, win or lose - just make sure your losses are affordable. So - the 1D time frame is showing a lovely theory of curves (TOC). This usually creates a probability on that time frame only for further movement in the leading edge of the curve (which is for the north). How far? How would I know? I don't own the future. If price falls out of the TOC and continues south on the 2h and 4h, then Gold could be in real trouble. This is also possible because watch the ATR trend switch on the Daily which is sharp and bearish. The 2h and 4h time frames live within it. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
#SKY/BTC : Learning Wyckoff Accumulation Schematic #1 ------------------------------------------------------------------ What is Skycoin? ------------------------------------------------------------------ "Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain. Skycoin’s platform has been billed as 'completely secure, infinitely scalable, and ISP independent' by the project team. Skycoin is focused on security, usability, and ease of use. Skywire, the flagship application of Skycoin, aims to decentralize the internet at the hardware level. Skywire's objectives extend beyond providing decentralized bandwidth - it also aims to offer storage and computation." www.skycoin.com coinmarketcap.com ------------------------------------------------------------------ Skycoin is in a category of Cryptocurrencies called "Web-3", "Web 3.0 is slated to be the new paradigm in web interaction and will mark a fundamental change in how developers create websites, but more importantly, how people interact with those websites." If the Web 3 Category of Cryptocurrencies gets some positive attention or news this would be great for Skycoin also. www.techopedia.com ------------------------------------------------------------------ What is Wyckoff Accumulation? ------------------------------------------------------------------ "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ." ------------------------------------------------------------------ A trading range shows us an equilibrium between buyers and sellers, and the Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure. In this particular example on SKY/BTC : Skycoin we can see the highest volume on record was on the buy side when the price fell below the Horizontal Trading Range, if the price can get back inside this area it may be a good clue that it was a fakeout trapping the sellers below the range, and transferring the wealth from the fear striken to the hands of the patient for the next Mark Up phase. See Wyckoff Links below for further knowledge & reference Schematic of Accumulation, I have also included the schematic on the chart. ------------------------------------------------------------------ Source and more great basic intro information for Wyckoff Method: school.stockcharts.com Current Schematic on Skycoin: school.stockcharts.com ------------------------------------------------------------------ If Skycoin can find support at the 0.000045 area then a strong upside movement to 0.000063-0.000076 is possible, in the case of a Alt Season or continuous Crypto Bull Market even higher prices can be achieved once the Trading Range is claimed again. Thank you for reading, don't forget to follow for more educational ideas and Wyckoff Templates.
SLong
by Worth_The_Ri5k
3