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Wyckoff

Is this Woo-Woo? Absolutely, it is. Get in here.I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market. If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those. Today, for no reason, I added a little fib fan. I also added some grey boxes which were informed by various fib projections where I think the price action will be a knife fight. I added some red boxes where I lose total interest in a long position. I think the chart speaks for itself! Enjoy.
AMEX:SLVLong
by DonjonCapital
BTC : Phase E, According to WYCKOFFBINANCE:BTCUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals , see here : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34
Gold in its before-last phase of a 3 year accumulation.With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly unlikely however as the fundamentals driving gold bulls at the moment are very strong.
PEPPERSTONE:XAUUSDLong
by Vysera
3
ENPH has been great, lets squeeze some more trades out of itENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the supply taking on inventory at an over excessive rate. which starts the downward plunge from the $320s. Now as it approaches phase C (the part of the trade where smart money decides to pick this back up or let it go) At this price it might need to dump more to be more attractive. I used ChatGPT to make my own indicators and the ESVO is a way of looking at price and volume normalized. This opened my eyes to some things happening on the chart, I Never noticed before. But you can actually see the profits being taken, stop losses being hit, fomo kick in... watch supply and demand spike while the price action is unfolding. Using Higher and lower time frames you can get great idea of whats happening in the market. when demand is spiking or when supply is oversaturated. Key areas where stop losses are being broke you get a massive spike on the chart with the indicator, which sheds light on what you need to focus on at that moment. If its spiking 5x larger than normal, it means shares are being bought and sold at a rate extremely larger than normal. Meaning, if price action is bullish, and this happens: 1. if Price action continues to move up at a 45 degree angle durring this surge of shares, your stock is very bullish and its about to pop once it clears out all the shares. 2. If price action starts to look weak, it will take a dip and do a mini re-accumulation depending on time frame it could be 5-17 candles. 3. if Price action was already weak and it spikes (basically consolidating or long range consolidation) Price will most likely go right into distribution mode and drop to the next control box or node. Another way to use this is just like you would an EMA, if price crosses it, it will most likely be very aggressive as it goes across and continue or pull back to bounce off the ESVO before continuing its new trend. When the lines are flat it means everything is avg or balanced which doesn't happen very often. Its not uncommon for Price to have to attempt to cross one of these three times before succeeding. If it fails while trying to cross it will most likely pull back and try with more volume. At this point pay attention to if the volume continues or dies off. Sometimes Crossing is the catalyst that sends it moving higher or lower. A lot of the time your highest area of volume and price is where these lines will oscillate or go flat across. There is literally an indefinite amount of ways you can use the ESVO. I set one to a certain setting and based on what price action is doing around the ESVO I can wait for an indecision and know its going up or down on higher time frames. Which is great for finding trade setups. Anyways, let me know if you have any questions. If any of these ideas peak your interest pls like/ follow/ sub/ and most of all pls Boost so we can all enjoy watching it prove me right or wrong. Thanks again. by iCantw84it 03.30.23
NASDAQ:ENPHShort
by iCantw84it
11
Wyckoff Cycle - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the 68,000 level and is now in a distribution phase 2️⃣ MarkDown After breaking below 56,500 back in November 2021, BTC entered the MarkDown phase and began making lower highs and lower lows. 📉 The bearish impulse movements were initially large and steep. However, starting in July 2022, the bears seem to have exhausted themselves, resulting in a flat and small impulse movement. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. 3️⃣ Accumulation BTC is currently trading within a big range between 15,500 and 25,000 in the shape of an inverse head and shoulders as it forms a minor lower low followed by a higher low. 4️⃣ MarkUp BTC broke above the previous major high marked in gray, indicating that the bulls may finally be strong enough to take over for the first time since late 2021, thus entering the MarkUp phase. 🏹 BTC is now approaching a key resistance/supply zone. For the bulls to remain in control from a long-term perspective, we need a weekly candle close above 32,000. Alternatively, the bears may still form one last HL before BTC breaks above 32,000. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
by TheSignalyst
132
Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback. Let's see if we can get that rally from somewhere around this area.
COINBASE:BTCUSD
by Chris_Inks
8
$ETH - "SHORT" SETUP in PERSPECTIVE#CRYPTOASSETS #STRATEGY CRYPTOCAP:ETH THE RANGE 1938$ - 2047$ We might playing inside what we passed without interest. But there is indeed ! 1925$ MIght be a perfect preliminary. 1908-1900 is called on the HEATMAP IS the UpTREND done ? Maybe ! Price Action has left 2060$ and DISTRIBUTION MIGHT BE OVER. THE VALIDATION should be with a LPSY @2115$ (MY SHORT) STOP 2146$ > TARGET 1490$ (1600$ AT LEAST) BREAKING 2146$ : 2 Otions 1. UTAD, THEN We reintegrate > STOP SHORT below 2060$ 2. JAC (+50$ at LEAST) > I will be LONG and my first TARGET will be 2360$ Source : www.tradinglite.com
by BlackSquareFinance
#Ethereum - thoughts out loud #11Good evening, we are from Ukraine! Why was it necessary to place a limit buy order at this particular moment and what were the goals for profit-taking? I'll start with the first one, because we are at the bottom of the trading range after manipulating (on volumes) with a false breakout of the lows and a quick resumption of purchases on the buy bars with an extended spread. That is, the technical reason is more in favor of the longs. The second part of the question. The first target is the local high of 2160. Moreover, if the situation develops positively, the position can be held up to 2200, accompanying the instrument. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn .
E
by WVitalievich
#Ethereum - thoughts out loud #10Good evening , we are from Ukraine! For this period of time, the chart has a trading margin, the exit from which opens the door to 2 key levels: 1) A long scenario of breaking through the resistance level and going to 2300 and above. 2) Short, market weakness after a false breakout of 2200 and the price returning to the middle of the range with a further buyer's test at 1900 - 1850. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn.
E
by WVitalievich
BTC > PLAY THE RANGE AND WAIT...29.2k seems to hold. We left former FORK (27654 / 29184) "without PHASE C". Market Makers rushed out the Price Action with interest to test "THE" SR (30k/32k) > Some FVG Should be covered and this is the KEY. The most interesting Zone is 28534$, but it could wick till 28k, otherwise go lower and then, Bull Market should be postponed.... IF 29.2 is a BackUp, 30k is the KEY to confirm the Take OFF of the Price Action. TARGET ? WELL... 31k either for the double TOP, Either for flying above... 37 550$ could be just a Stage... BULLS interest appetite till 48350 if 32k is broken .
by BlackSquareFinance
LI Auto Looking very clean and Bullish Loving these levelsWas actually typing in bili and ended up pulling up this chart. As soon as it came up the chart grabbed my attention. So i had to chart it and Im actually entering a position on a call. everything looks bullish about this. the lines are so clean on it. and the set up with the ESVO looks juicy. last time I said that SQ went up $9 in 3 days. If you like this check out ENPH, BiLI, IOT. Traded Apple earlier this week for a quick $3 right at open. Called both ENPH and Apples pull back to the exact zones and currently in Bili and about to be LI. Possibly getting in IOT after one of those. and ENPH once its more clear if institutional is picking it back up or not. DM me for any request or questions. by iCantw84it 03.30.23
NASDAQ:LILong
by iCantw84it
Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve. The United States of America March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
OANDA:XAUUSDShort
by DynamicCapital-FX
2
Bitcoin - Analysis for the next few weeksAfter the accumulation that took place from June 2022 to March 2023, it is now time to test the breakout from the accumulation. There is a strong resistance zone at the $28000 - $30000 USD level that will be difficult to break through. However, breaking through it should lead to a fast move towards the next zone at $37500 - $40000 (where bitcoin distribution occurred in the past, when it was bought below $15,000). In the near future, I suspect a pullback after the recent growth to around $25000, where there is an interesting support line that dates back to January 2021. I believe that there is a re-accumulation taking place at these levels.
by czupryn888
3