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Wyckoff

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
SPX500 - Distribution WyckoffIt seems that at this point, the SPX500 may fall to around TSE:3600 levels. After that, the game will continue in the HKEX:3800 - TSE:4100 range. A solid breakout above the TSE:4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below TSE:3600 could mean a bear market in global markets. According to the patterns, this could occur around the turn of 2023 and 2024. Perhaps this will be a time of tension between the US and China.
SP:SPXShort
by czupryn888
2