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Wyckoff

BTC: ~ $ SYSTEMCTL START DEPLOY.CAPITALBTC: ~ $ /PRICE/BOTTOM/STRATEGY.PH Script started on SATURDAY 18 JUN 2022 08:13:33 PM UTC DCA="Weekly" DURATION="Price is sideways" EXCEPTION="BTFD!" $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$ BTC: ~ $ ^C BTC: ~ $ BTC: ~ $ BTC: ~ $ /ETC/INIT.D/WYCKOFF_ACCUMULATIOND STOP Continue? (y): Y DXY.TOP....................................................................................................... BOLlINGER_BAND.SHRINK.................................................................................. BTC: ~ $ BTC: ~ $ SYSTEMCTL START BTC.PAMP -T 30K+ | ECHO "YELLOW_PATTERN" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ #PS: Do you recognize that YELLOW PATTERN? It is copy of the price action from May-August 2021! # I have put it there in June when I felt THE BOTTOM MIGHT BE IN = still nearly mimics it so far =) # Was expecting to see a Lower Low fakeout for the so called "SPRING" to trigger the pump but.... # PURPLE LINE = ATOM -> it has been outperforming BTC and everything last few months! ⚛️🚀
COINBASE:BTCUSDLong
by u3KbPTeH
The Overnight Diagonal That Manipulated Your Falsified GainsNow as of recently I have become submerged into Elliott wave theory. It helps me define order flow on a fractal level and with the implementation of certain other order flow concepts, I can then define the intent of order flow between sessions. Elliott wave is fundamental in understanding market structure. Impulses and Corrections are fundamental in driving liquidating factors into the market and also actually helping in drawing the correct Fibonacci levels as EWT has rules. And as traders we need rules as with every game, but it adds to confluence and the overall strategy in defining well positioned entries. Another Concept I implement is the Volume Spread analysis. Everyone has their take on volume, but volume is their as a leading indicator to show you between each timeframe which transactions were of the dominant force, and also who is the dominating pressure inside each candlestick no matter the time frame. With this knowledge you can then break down each candlestick to define the motive and where and why and to which extent order flow may extend and the overall transactional bias in the market by seeing the divergences between the spread and the volume. This is definitely a good foot print as well blending in session open times and closes. I personally enjoy the killzone theory conceptualized by ICT as it does help with timing and is based around the major session times when volume enters the market. Wyckoff models are a good study as blending volume spread analysis will aid in picking potential market tops and bottoms, EWT sealing the cap with knowing how certain intentions by large market participants are fractalized. This here is the Overnight Diagonal which is very manipulative. Diagonals take time to notice, but VSA helps bring confluence in determining whether or not the timing of a trade is high probability. Remember, then manipulator always win, as that what manipulators are all for, self interest.
OANDA:NAS100USDEducation
by SolidWetFX
2
ETH - Wyckoff Method : What's Next?Hi Traders, Investors and Speculators 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. Daytime job - Math Teacher. 👩🏫 In today's analysis, I'll be giving out LOADS of free information🎁. We'll study the ETHUSDT chart by using the Wyckoff Method. Trying to understand the market and it's movements may seem futile, however Richard Wyckoff identified a pattern that could easily be translated as bullish cycles, bearish cycles, and the two brief phases that happens before each. Just before a bull cycle (markup), we have accumulation . Now this may take months or even years. Then, just before the bear cycle (markdown), we see distribution phase. This is very evident across all markets - the price cannot simply go up / go down forever! So what can we do with this information? Have the courage to follow the market cycle. To make the cycles a little more clear, here it is on a macro perspective on Bitcoin: The accumulation phase makes for THE BEST place to have scattered buying orders, in other words follow the dollar cost average method. Not familiar with this method? Check out this detailed educational masterclass: With this chart, I propose my idea of a potential Ethereum ETH bottom by using the Wyckoff Method .The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown . From the BTC chart I posted above, we can clearly see that we have been trading in the accumulation cycle for a while now. However, we have NOT YET BOTOMMED. Here are some terms and definitions you may find helpful: SC—selling climax - the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC , reflecting the buying by these large interests. AR—automatic rally - which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test - in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC . It is common to have multiple STs after a SC . What I'd be looking out for at this point, is a potential macro W-Bottom pattern to confirm the low volume selloff phase : Consider this quote : "Successful tape reading is a study of force, it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side." Richard Wyckoff understood that speculating markets is more than just analysis - you also need the courage to follow through on your analysis. _______________________ 📢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
Short
by CryptoCheck-
33