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Wyckoff

Accumulation Phase D, right shoulder incomingBitcoin is following a textbook Wyckoff accumulation 3 pattern, which would bring us one more wave down before the start of the next bull market, increasing the mounting evidence we might that the next months will see a decline in price action and opening more opportunities for long-term accumulation. This wave would form the right shoulder in a classic inverse H&S pattern, a pattern that BTC used in the past to reverse long-term market trends. With a timeline set to complete the shoulder at the end of Q1, the path would be open for investors to move in with fresh money at the beginning of Q2 and send the price up. The price target for this idea is 19k.
INDEX:BTCUSDShort
by idealic55
2
BTC WYCKOFF TO SHAKEOFF RETAILThis is my first public post on here and probably the most important one ever for my crypto career haha jk. Just a theory from what I've learnt so far - a lot of indicators confluence right here to sell stating the market is overbought temporarily. MAINLY, BTC seems to be closely mirroring the Wyckoff pattern, all news and upcoming events (earnings etc) included. I've entered a short position at $24100 and I intend to ride the trade all the way down to the range of 15xxx taking profits in between. Will start entering long positions at 16k and below. Stoploss at AR, seems like a solid trade. I feel sorry for the retailers and late FOMOERs. Wish y'all good luck. This is not financial advice.
Short
by kmeht007
Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction. This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week. *TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction. Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off Lots of TSLA Events coming up which is bullish for next couple of weeks *Pullback/Correction Idea: Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618 Date Range from capitulation event to now are equally measured. If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback) If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks) *Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question. TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert* Bearish Sentiment: Greed is strong *Seasonality- Markets tend to Drop off Mid February Vix above 20 us 2y, us10y, dxy,vix all breaking out. Divergence of NYSE ADV/DEC Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200 Let me know what you think
NASDAQ:TSLAShort
by Black_Sheep1
7
ETHUSDT Wycokoff Accumulation with Elliott Wave dynamicsIf you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all goes well we should be going up to the next C price point. Note: BTC and Eth are trading almost identical right now.
Long
by aialchemist
3
Wyckoff's accumulation phase for Bitcoin and cryptoHi there. I'm not pretending I know what will come next and I'm not a trader. But also am quite confident that the human psychology hasn't changed since the latest bullrun when the Wyckoff accumulation-distribution cycle played out perfectly with a textbook chart of Bitcoin and crypto market. I know a lot of respected traders have been saying 'the macro bottom for BTC is in' but as many of you probably know if people believe something in the markets, then it's probably wrong. At the point when those, who were calling for 12k Bitcoin became silent and 'were ashamed' - that's the very point when BTC is likely to start pivoting to that very direction. And when everyone will be shouting that we'll go lower (or simply everyone will capitulate) - then we'll indeed start to go higher. I recommend everyone to monitor the macro picture, rate hikes, the Treasury General Account (right now around 500 bln or so), RRP (reverse repo) and other things closely, as well as anti-crypto measures such as Choke Point 2.0 etc. Follow Arthur Hayes on Medium and Twitter, Guy's Coinbureau, Eric Krown's crypto cave, this specific chart was inspired by a recent CTO LARSSON (Youtube) video. I also recommend you watching Benjamin Cowen's "Cryptomarkets' worst case scenario" (on Youtube). His approach may be a little bit different, but interestingly enough calls for more or less same levels of BTC bottom as those who are using Wyckoff's approach and basic support levels. Also as usual - follow the trends and narratives and research before aping in. I also recommend you to set up a list of whales' wallets and to watch what they are doing closely in the coming months. Share you opinions in the comments.
BITSTAMP:BTCUSD
by s-dyorin
1
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested All "relief rallies" must come to an end and The Bear is NOT over (imho) So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here. I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives : 1. Take scalps 2. Increase holdings 3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :) ~ Box
by FudBox
3