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Wyckoff Accumulation SchematicWhat Happens After Wyckoff Accumulation? Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position. In the accumulation schematic, the trading range represents the space between the SC low and the AR high. While secondary test usually happens when the market drops near the selling climax region to retest and confirm if the intense selling pressure is prolonged or ended. Generally, during the accumulation phase, the price remains sidelined for range-bound trading after a strong downtrend. Larger players build positions and eliminate retail traders from the market by creating hopes of a further drop in the price. Once smaller fishes are confident about the price drop, bigger players aim to move higher after filling their positions. According to Wyckoff, there are six stages in the accumulation phase. These stages include: ● PS — Preliminary Support: The preliminary support appears after a long bearish trend. Traders may experience a high volume and spread widening. It is the first indication that the selling pressure will end, and buyers may control the price. ● SC — Selling Climax: In the second step, the price begins to sell off, violating PS. This is a panic selling phase. After a while, the price may reverse after exhaustion, when the spread might extend to an extreme level. In the end, the price may close far from the low with a long-wicked candle. ● AR — The Automatic Rally: This part can be disastrous for sellers. After the violent selling pressure of the SC, the price reverses and recovers all the movement shown toward the sellers’ direction. This phase indicates that short sellers are covering their positions. The high of this movement determines the high of the range, which is a significant barrier for most buyers. ● ST — The Secondary Test: After the AR, the price will go lower again but controlled. In this movement, sellers’ volumes should be higher, and there may be multiple secondaries in the price. ● ST — The Spring: In this phase, the price will perform a hard test of recent lows that will mislead traders. After watching the spring, average traders will consider the market trend bearish and start selling trades. However, the price should show a swing failure pattern and move up after a shakeout. This phase is prevalent with altcoins that have bottomed out for a considerable time. ● AS — Accumulation Schematic: The last stage of the accumulation cycle. The price should break out from the range with an impulsive bullish pressure and confirm the upcoming bullish trend.
Long
by Crypt0_Ninja
5
ICP going for a dip?The observation is simple. The daily RSI and Money Flow indicator are showing signs of bearish continuation divergence. This signifies that bulls are loosing momentum and a bear takeover may be just around the corner. Every time the RSI and MFI reached the upper levels we saw a dip. The first time we saw a 25% dip the second time was this November and we saw a 65% dip. I was hoping for a more robust bounce (at least to the upper trend line of the falling wedge but it seems like we could be looking at retesting the $20's sooner rather than later.
COINBASE:ICPUSDShort
by CryptoNCoffee
2
ICP bottoming pattern?Any sort of short term bullish breakout went out the window once we broke the $40 floor a few weeks ago. At this point I don't believe ICP has it in it to break into some higher figures without spending sometime consolidating in this $20-$40 range we've found ourselves in. With that though in mind and short of any hyper bullish catalyst I could see longer term bottoming pattern play out. Something like the chart shows. A potential inverse head and shoulders break out of this macro falling wedge. If this is the case then we could see ourselves playing in this $20-$40 zone for a few months before we see much higher price action. Perhaps towards the Spring of 2022 we could see a real breakout followed by a sustained uptrend into a market cycle top.
COINBASE:ICPUSDLong
by CryptoNCoffee
2
🆓Internet Computer (ICP) Dec-25 #ICP $ICP . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 24$ zone 🔴Buy : 24 🔴Sell : 32 - 40 - 48 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 24$ zone 🔵Sell : 24 🔵Buy : 20 - 18 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1
ICP weekly chart: The shittiest bullish chart in cryptoThe ICP weekly chart has lived in oversold territory for its entire life. But even the shittiest of coins can show signs of life. 1) It is possible that ICP is in a macro falling wedge and we have potentially reached the bottom. 2)ICP's RSI has to be one of the most oversold RSI in crypto. On the weekly we see signs of an end to bearish momentum as show by the bullish divergence. Assuming we are still in a bull market. I could see ICP break out of this wedge and finding resistance at around the $40 mark. Followed by a retest and a show of support at around $32 before heading higher.
COINBASE:ICPUSDLong
by CryptoNCoffee
2
ICPUSD accumulation soon?Seems like ICP might be entering an accumulation phase as long as it holds $30. Momentum is rising but with accumulation failing, the price might stabilize or correct a little. I believe a breakout over $60, holding it as support should bring it to a trajectory $200+ Overview of chart: -Momentum flowing to the upside while price is stabilizing -Might be at the end of Primary wave 2 between $34-$37, invalidation at $27 -Volume Profile PoC is of an intermediate impulse wave. It has confluence with a 0.618 fib retracement of Primary wave 1 -Minor bearish divergence with ADL (Accum/Distr. Line) seeing price stabilize but accumulation falling. Might result in a minor drop to ~$34 to hit the intermediate wave c target. -Monthly S1 of CPR has confluence with wave C target -Median line of fork held as support throughout the corrective wave. If broken, there is a stronger likelihood of impulse invalidation.
COINBASE:ICPUSDLong
by linebands
4