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Wyckoff

Wyckoff distribution eventAfter failled attempt to break down form support (26 700), Btc is testing highs, again. In case we will fail breaking the resistance to the upside there is potential for distribution event. Also the RSI showing us bearish divergence on many timeframes. On the other hand we are in strong uptrend for last monthes and there is possibility for testing the 30k level. So setup your SL on top of the potential SFP. Be patient and wait for Swing failure pattern. Good luck.
Short
by Pepe41111
GBPJPY Buy Idea** BEFORE I BEGIN, ALLOW ME TO APOLOGIZE FOR ERASING MOST OF MY DRAWING. I know it would have been more beneficial to leave it but I'll leave it from here on. ** So for this one, I started on the monthly and worked my way down until I could find a nice entry point. On the monthly, I noticed structure and marked off the closest SD zones in relation to the current price. From there I went down to the weekly and daily looking for zones inside of zones. Once on the daily, I noticed a re-accumulation schematic and dropped to the 4 hour where I was able to find the POI for entry once structure was broken. Now it just a waiting game for price to come back to my entry point.
Long
by BlackDiamondFX
EGLDBTC: Re-accumulation or Distribution?I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any. It is difficult to imagine that EGLD goes as far as to overcome previous top, right? But we all thought the same when it did the previous top :) The number of features that MULTIVERSX has created recently is impressive, and it really depends on the discussion that is happening today of having or not an ALTCOIN SEASON coming soon or not. What do you think?
by CryptoPummel
USDJPY accumulation in a trading rangeWe may have seen a low volume spring on the USDJPY today too. If you had the capital and the tolerance for holding risk over the weekend, this may be the trade for you. However, if this is an accumulation phase, this is the start of a new bull leg higher. So buying pullbacks will be the way to get in on the action next week. Patience is a virtue and initializing a trade this late on a Friday is never a way to have a peaceful weekend. Better to come in next week and identify a rising trend.
Long
by Macrobriefing
BTC New Bull Market 99% Confidence99% Confidence It is now official that BTC has started its new bull market cycle after a confirmed weekly candle close above 25.5k. Major Wyckoff accumulation phase is over, now is the time to mark up the price. Elliot Wave analysis also confirmed that the whole move in the last quarter is a new cycle wave 1. And price has already made weekly candle close above 50/200 EMA and 200 SMA, a very convincing move. BTC can still go up somewhere to 30-37k and then stop, next it will make a corrective move of cycle wave 2 for 6-8 months and land above major Wyckoff accumulation trading range, so it will be somewhere at 25-27k or maybe higher. The low of wave 2 will be the third best time to buy. So wave 3 is around Q4 2023-Q1 2024. I still amazed by how BTC can still going up and stay in its traditional cycle despite all the odds that conventionally only gold survived. And even now BTC strongly inverse correlated with SPX, a decouple phenomenon, maybe only temporary.
INDEX:BTCUSDLong
by derahmanov
Analysis of Wyckoff Accumulation Models and Prediction of BTCI have been closely following two models of accumulation: Wyckoff Events and Phases, specifically Accumulation #1 and Accumulation #2. Accumulation #1: Wyckoff Events and Phases is a model that describes the different stages that a market goes through during an accumulation phase. These stages include the Spring, the Test, the Upthrust, and the Markup. In this model, the Spring is the point at which the market reaches its lowest point, and a potential reversal is on the horizon. The Test is where the market tests the Spring's lows and forms a higher low, indicating that a new uptrend is forming. The Upthrust is where the market rises above the previous high but ultimately fails to sustain this level. Finally, the Markup is where the market rallies and moves higher in a sustained uptrend. Accumulation #2: Wyckoff Events and Phases is another model that describes the market's behavior during an accumulation phase. This model follows a similar progression to Accumulation #1 but with some key differences. The first difference is that it includes a preliminary support level, which is a level below the Spring where buyers start accumulating the asset. The second difference is that it includes a Last Point of Support, which is the final level of support that holds the market up before the Markup begins. Currently, I am closely monitoring the market's behavior as it approaches the liquidation zones. Based on my analysis, I am sticking to my plan of events and expect the market to withdraw and drop the target to the area of $15500 - $14000. I will continue to closely watch Bitcoin's price action and adjust my strategy accordingly. DXY: Bitcoin: Bitcoin: SP500 - 2023 SP500 - 2008 SP500: In the next few years, it is expected that cryptocurrency regulations and taxes will become more prevalent, which may lead many people to leave centralized exchanges due to account blocks and the inability to prove the source of their funds. Uniswap and DyDx are predicted to be the leading trading platforms in the near future. However, Ethereum may also face tighter regulations, resulting in wallet blocks for USDT, USDC, Ethereum, and other tokens. If such a scenario occurs, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We will need to observe how the situation unfolds. In addition, high inflation worldwide may cause Bitcoin to reach a price of $250,000 in the next couple of years.
BITSTAMP:BTCUSDShort
by UnknownUnicorn285026
12
BTC Wyckoff AccumulationNotice: Since January 16th I have charted out this possible Wyckoff accumulation schematic. I have only updated the supply and demand boxes to justify the moves that have happened, but the pathway hasn't been touched. With this most recent push up to 26k I thought now was the time to publish this idea. BTC is at a point where my idea is either invalidated or it will continue to playout until it is invalidated. A weekly close above the weekly swing high will change my expectations for this chart, but could still have a similar pathway. If we get a close above, then we will have an actual market structure shift on the weekly since the bear market started. At that point I would be looking for a double bottom and the lows to be revisited, or possibly a sweep of the lows were we never get a close below. If we don't get a close above then this idea is still in play and I will be looking for the "Sell in May" to start to bring the market down, apathy to kick in and people to stop caring for a little while. Summer Lull will continue to bring the market lower, with a rally here or there but ultimately the downtrend to stay intact. Coming into Aug/September, a bottom to be formed and wash out all the bulls that were calling for the bottom to already be in. Nov/Dec we can get our Q4 rally heading into the new year where we could see an actual change in market sentiment, just in time for the FED to start QE and heading into the halving where we will see the start of a new bull market. This chart takes wyckoff and pairs it with seasonality and the current market conditions that makes sense to me. Everyone seems to not want to take the current macro economic conditions going on into consideration. This idea I believe does.
by snh6227
Uncovering Wyckoff Accumulation Secret PatternWyckoff Accumulation & Distribution is a trading strategy that was developed by Richard Wyckoff in the early 1900s. It is based on the premise that markets move in cycles and that traders may recognize and use these cycles. In accumulation phase Wyckoff strategy involves identifying a Trading Range where buyers are accumulating shares of a stock before it moves higher. This allows traders to enter into positions at lower prices and benefit from the eventual price increase. Wyckoff Accumulation is an effective way for traders and investors to gain on market movements and make profits from their trades. The Wyckoff Trading Ranges feature a chart pattern called Descending Wedge. This pattern involves two trendlines, one falling and one rising, which converge to form a wedge shape. This pattern indicates that the price of an asset is likely to break out in the direction of the falling trendline. In my understanding, "Continuous Weakness" means a shift away from selling towards buying. Sellers fail to hold the pressure, so buyers take the lead leading in D,E: MARKUP phases. Kind regards Artem Shevelev Please check out my older Education Ideas Consider put like and follow my page for more updates)
BITSTAMP:BTCUSDEducation
by ArShevelev
3
DJI | Wyckoff DistributionYou might not recognize this chart. To get some background on it, refer to the linked idea down below. You will find it in my profile. As it turns out,it looks like we are in a classic Wyckoff Distribution. It is remarkable that this is hidden beneath our noses. The timing and the accuracy of the future phases may not be completely correct, the path is illustrative of the phases, it isn't drawn using wave theory. I will gladly accept any helpful/corrective comments regarding this. Tread lightly, for this is hallowed ground. -Father Grigori
TVC:DJI
by akikostas
4