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Wyckoff

BTC/USDT 4hBTC/USDT 4h ▪️Judging by the situation, bitcoin decided to go up anyway, take liquidity from above, and also test the zone 22054.07-22713.92. If it doesn’t go so high, then at least you need to show the overlap of the imbalance by half, it will just be a premium zone of about $21415 +- and after that, I think we should again expect a downward movement, the formation of accumulation and an exit up after removing liquidity at 17600. I don’t think that let's go up a lot, there are unfinished business downstairs, and there are also a lot of people waiting for him downstairs now, so it would be logical to go upstairs.
Long
by smart_money_crypto
2
BTC still in accumulation phase?BTC has been showing some signs of a potential reversal. Once again by using Wyckoff guidelines, I think that an accumulation phase is on going. A reversal will be confirmed when the "upward sloping accumulation structure" (in 2D TF) will have been completed. It means that the $30000 is a key level. Before approaching this level, BTC may be still fluctuating, in accordance with the macro factors' uncertainties (stock markets, FED decisions, war...). In my opinion, BTC would revisit the $20000 level. This would be a good opportunity to accumulate BTCs (with precaution of real breakdown that "Accumulation" is invalidated and becomes "Redisctribution") PS: Even if the prices don't follow exactly the theoretical Wyckoff structure, the resistances/supports and events would still be useful for trades.
BITSTAMP:BTCUSD
by evasivesteering
6
BTC - potential double bottomHello, It's been a while since the last crypto pair update I made, but since we are more or less in a full blown bear market I decided it is worth the time to start sharing ideas again without the need to include moon targets in every post to gain viewers etc. The gameplan here is simple. On the main chart - BTC/USDT on 1W we see a clear Double bottom pattern in the making. If we manage to get a proper upside and break the neckline then we get our reversal with main target right above the long-term diagonal resistance line around $32,000. We lose $19,000 and the doors to the $10,000-$12,000 OB will be wide opened. Now, switching to the 1D chart, I cannot pretend I cannot see the similarities between the price action in the last few months and the Wyckoff Distribution Schematic #2. So we might have entered Phase E which is the final act and we are about to see the final capitulation before starting the cycle again. There is a big chance we are in Phase A of the ACCUMULATION already which suggests a re-test of the support will be next. Then we can see something like this: As always, we need to adapt to what is going on on the charts as they evolve and are impacted by both TA and fundamentals. Cheers,
by FutureBlockchain
7
ETH - diamond top or the beginning of accumulation phase ?Hello, Looking at the ETH post merge can note few observations: 1. We are most probably in a Diamond Top reversal pattern on the 1D chart which is already in play ---> Target: The previous range high right below $1,300. 2. The current price action on the 1D chart looks A LOT similar to the one we had back in the period February-May, 2022. 3. The ETH/USD 1W chart suggest a Wyckoff Distribution #2 is still in play with the price being in Phase D currently. So, we are looking at the following grim scenario 4. But what if we are already in the Accumulation phase ? (bullish case) Well then we are to see something like this Cheers,
by FutureBlockchain
3
Weekend analysis for EURUSD >> BullishJust finished my weekend analysis video and figured I would share my 4H chart. Following the drive up on Friday, creating a near perfect accumulation schematic, I am very bullish on EU next week. But only until Wednesday as FOMC could cause price to go either way following the int rate hike announcement. First target is 4H imbalance & 4H supply. If supply breaks, then 2nd target is daily supply. I have this idea, after seeing what happened with CPI, if the Fed sticks with the expected 75 bp, it could cause complete disappointment and DXY to continue to the downside. But its just a theory and we will have to wait and see to what extent the the Fed increases the int rates and how the market reacts to it.
Long
by AfterlifeTrading
3
Smart Money Concepts in action - 30% profit, runningGood Day. In principle, Smart Money Concepts/Order Block Strategies/Wyckoff (to name just a few), aim to do one thing - identify where Banks & Financial Institutions are stacking their buy or sell orders, anticipate Retail Trader stops being liquidated, and jump on board to ride the wave with the Smart Money. OTB (On The Beach) is a UK-based travel operator, a sector that's been beat-down heavily in recent weeks - and recently re-visiting its Covid Lows. Perfect opportunity for Smart Money to manipulate the market, trap sellers and liquidate early buyers who sold off in fear. BFI's do this every week - rinse and repeat. Our Strategy anticipates the 'washout', and enters on c.50% fib of the Spring. Let me know what you think of the trade set-up above - we anticipate holding on for a good deal longer, for a 2-3X return. Best, Figuring Out Finance
LSE:OTBLong
by FiguringOutFinance