Wyckoff
Is ZM Finally Buyable?ZM longs have been absolutely eviscerated since 2020. One of the quintessential names of the 2020 exuberance, it has since seen a 90% drawdown from the 2020 high to the 2023 low late last year.
However, ZM has seen a trading range between 60 and 75 for almost a year now. This basing has clear analogs to Wyckoff accumulation, and the failed breakdown in October with low volume and no follow through could have finally put in a durable bottom. The 50SMA crossed above the 200SMA in January, providing a clue about the possibility for a shift in trend on this beaten down name.
If ZM sees markup and can break out of this accumulation range, it is possible we could see a gap fill of the August 2022 earning gap around 97.4.
As a trade, a tight stop at the recent low of 63.06 presents a very favorable setup, with a potential > 10:1 RR.
There was a time when ZM was a clear no-touch, and for good reason. But after the absolute destruction in value over the last few years, to finally allow price to re-align with more reasonable valuation levels, this name can finally be taken back out of the penalty box.
#WLD #WLDUSD #WLDUSDT #Analysis #Eddy #WLD #WLDUSD #WLDUSDT #Analysis #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of #Bitcoin from the link below :
#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
#BTC #Bitcoin #Final #Update 'D' #Wychoff #Distribution #Eddy
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 2/14/2024 ❤️
#BTC #Bitcoin #Final #Update 'D' #Wyckoff #Distribution #Eddy#BTC #Bitcoin #Final #Update 'D' #Wyckoff #Distribution #Eddy
Its My New Short Setup On BTCUSDT.P ;-)
This is a new update of final (( BTC/USD )) Wyckoff update : check link :
According to the warnings that were given and according to the analysis of the Tether chart that was sent, I expected the market to grow and also expected Bitcoin to touch the last level indicated on the Wyckoff Analysis on BTC/USD chart.
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
SOL 4HR REACCUMULATION Solana has almost left it's 4hr reaccumulation trading range.
The expectation now, if it is to continue bullish will be a break of structure to the upside,
a short continuation above the BC(buying climax) and AR(automatic rally) before a slow pullback to mitigate the AR area.
If solana achieves these steps we will expect an explosive move from the AR region on the lower timeframes and a large move on the 4hr to at least $144.
We must bear in mind that all of these steps need to occur and that there is no guarantee that the "composite man" will not initiate a sharp move back down into the trading range to shake out more retail.
We also must consider the monthly, weekly and daily possible targets and the supply regions on these timeframes. There are so many factors to consider because so many unmitigated areas and liquidity zones remain below the trading range.
We must be mindful that traps are how the big players take us out so wait for these traps to occur before we enter in line WITH these big players. To be too early or too late is going to be a loss. Watch the institutional candles and enter after the mitigation of these.
Don't chase the pump or you will be the liquidity to fuel their move higher. For now their intention is up once they break this structure upwards. As always, wait for their moves first, keep risk low and remember this is their business and they do not want you to participate. Taking all retail out to fuel their moves is how they play. Always backtest Wyckoff thoroughly before trading it.
CDS's on Silver USD/OZShort silver in the short/mid term, buy long term.
With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes.
The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution phase (eventual price decrease).
MONTHLY
On the monthly timeframe (orange rectangle/lines and txt) ,in the mid/long term) I believe we are in the accumulation phase, currently in phase B and nearing the end of this period.
In the next phase (C) I would expect the “spring/purge” where price will drop at a low near to US$17.55 followed by a price bounce upwards. This US$17.55 or around about would be the lowest price and a great buy-in for Silver. However, price will test resistance US$18.89-US$20.70 as it moves upwards from here, and there will be other chances to buy-in just not at its lowest price. Of course from this low I will be LONG SILVER.
In Phase D we will see the price increase eventually showing “signs of strength” (Wyckoff patterns) around the US$26.18 mark where it will find resistance once again. At this resistance there will be price bounce before entering:
Phase E, where price will breakout and we will see a LARGE price increase. The price of Silver will test previous highs (US$35.38-US$49.85) or above.
We should see a volume decrease from the monthly “selling climax” to about the “spring/purge” (yet to take place) where volume will increase during the “breakout”.
WEEKLY
What is price going to do now, what about a shorter timeframe; Weekly - (red rectangle/lines and txt).
At this timeframe I believe we are in the distribution phase at the end of phase D showing “signs of weakness” and expect the price the further decline. Short term I am SHORT Silver.
In phase E price should continue to sharply decline eventually testing the price of US$20.70 where it will find resistance and bounce upwards. This should be short lived as price will then continue on a downhill trajectory to US$18.89 and ultimately to about US$17.55
CONFLUENCE
On the weekly timeframe the “spring/purge and the “return to origin” are clearly defined. This price range makes up the wyckoff distribution pattern, and in the monthly timeframe as price makes a 3rd attempt to break above and fails, it makes the Wyckoff accumulation pattern. This price drop in the future (US$17.55) is as expected as the market makers need to collect liquidity before heading to its highs.
Currently in the weekly timeframe we can assume that we could be in the “sign of weakness” stage as we are testing price of US$22.70 which is where price tested previously in the “automatic rally” stage in this weekly pattern. This should indicate we are at the very end of this cycle and about to enter phase E where price will breakdown.
Phase E on the weekly timeframe (distribution) is near completing a Phase B pattern on the Monthly timeframe (accumulation).
On the monthly timeframe Phase C will begin from about US$20.65 which will be Phase E on the weekly.
CONCLUSION
I am SHORT Silver with my Wyckoff Distribution and Accumulation analysis in the short/midterm.
The price of Silver will keep dropping. The price will eventually come down further to about US$17.55. From here I will be LONG Silver and hope to see prices in the long run to test previous highs (US$35.38-US$49.85) or above.
Please leave a comment on your thoughts.
See Wyckoff schematics here: school.stockcharts.com
ETH - Recurring Wyckoff "Jumping The Creek"CRYPTOCAP:ETH
This patten has unfolded consistently, multiple times, across ETH and many other ERC-20 pairs.
It's a simple Wyckoff accumulation/reaccumulation schematic, sweeping liquidity then double bottoming, followed by a flag at the DB neckline (w/volume) then breaking higher.
The best part of watching this unfold is from a macro bottom into the expansion phase clearly illustrates the lessening amount of resistance PA has to grind through and the angle of acceleration once it breaks.
This is where people get left behind, this phase illustrates the exponential nature of what this space is.
It's beautiful IMO 🥹
GBPJPY - Abnormal Speed Index - That's a Change on Behavior as David Weis would say. Very High Volume but with an Abnormal Speed Index 156.2 = meaning the price is not moving down easily.
PVR is increasing at the bottom= meaning more volume a price goes lower = buyers
Therefore the forecast is that we are going for another break and a move up.
MATIC - Beautiful Wyckoff Reaccumulation Flag w/SpringCRYPTOCAP:MATIC
This Matic flag w/spring has played out many times before within this pair with the same volume profile after sweeping the highs and the lows.
What we love to see is reclaiming support, with declining volume from the highs then coiling into an ABC flag after sweeping the most recent highs prior to the spring is spectacular...
Number Go Up IMO
$SNAP Bull Flag Continuation (Volume Analysis)The current volume analysis on NYSE:SNAP is indicating possible bullish continuation.
The pole on this bull flag saw increased demand as price continued higher, followed by falling supply as price consolidated within the flag. The bullish breakout would have to equal minimum 1/2 of the previous flag pole. A 100% extension could also result.
Bearish scenario is a breakdown below and negation of the bullish flag. Bearish stops should be placed below the previous low and bearish breakdown of the flag.
BNB/USDT in Wyckoff "C" phaseHello,
BNB create a Wyckoff pattern like a school exaple. I follow the chart and drawet the pattern weeks before. It seems, that chart will be formed according to a regular wyckoff pattern. The chart is supported to reach the spring point by the DXY chart, that seems to make a correction in his downtrend up to ~ 102,5 - 103.
This theorie supports the fact as well, that the Crypto total market cap Chart has been rejected fhom the resistance level at 1.203T, and seems to fall to 1.03 or below.
The BNB formed in the few days a bearish flag, and the RSI and MACD shows too, that we have place for a downtrend.
GBPAUD - Possible Wyckoff UpThrustSimple:
Broke a major resistance level - excellent location for a Wyckoff Up-Thrust
Price pulled back and the next up waves has a very high Speed Index of 27.9 which could mean price having a hard time to move up.
To confirm we did to break the blue line downwards to enter short
This is David's Weis quote "Trade is About to Happen" and book
EURUSD - Forecast to get to the FIb - ShortPVR high at tops = sellers at tops and no significant buying at bottoms
Fast wave up with 4.3 si - not justified probably fake
Very high of 31.5 = too muck effort little result
The forecast is to at least get to 50Fib which is 25 pips but can also get up to the blue line which is 70pips
BITCOIN Bearish Wyckoff Distribution 🚨 Supply in ControlWhales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.)
Currently:
🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D.
🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter.
🚨 With the CME Gap Fill, GBTC and FTX sell offs, Bitcoin is soon entering Phase E: Supply in Control where everyone realizes there is little chance of a bounce and everyone panic sells.
Bitcoin Wyckoff Distribution Returns 😱After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand.
🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event."
🚨 Bitcoin re-entered the Wyckoff trading range.
🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.