Wyckoff
BTC Wyckoff Accumulation Bitcoin is showing a very clear wyckoff accumulation event on 4hr chart coming out of spring test phase c moving into phase d and will be confirmed upon breakout of downtrend range price of 21000 which will put BTC in phase E blast off! The monthly chart CCI is upturning into reversal zone and Macd histogram trailing changing from red to pink.
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.
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Smart Money SHORT | GBPUSDDuring the early stages of the LDN session, we have swept the Asian session highs and lows which is typically what I like to see when entering a trade like this.
LTF supply area I am targeting for entry.
Let's see if we get tagged in and where we can get to if we are tagged in.
Safe Trading!
Wyckoff accumulation 2070 Daily ChannelThis my main long term perspective on gold's loooong descending channel since 2070.
In my view, this is just an over-extended bearsqueeze due to the strengthening Dollar Index which would ultimately reach 120 soon, and ultimately peak.
Market Makers are bullish overall and choosing to extend price action for as long as it needs to, and exhausting off as many sellers from the market as possible in the process to secure a decisive break out to the upside.
BTC - wyckoff analysis (update)Hi guys,
I would like to update my previous wyckoff analysis after new movements of BTC this week (what a week!).
In general, it doesn't change much, just the 'ST as SOW' point which is now a little bit lower.
Let keep an eyes on BTC at these critical prices. Level to level trades is always a good choice.
All the best!
#SPX500 BounceWith all the doom and gloom recently haven't noticed many paying attention to the bigger picture.
FOMC decision to bring 75bps rate hike was fully priced in, in fact the market had partially priced in full point hike.
Despite that bear arrogance remained peak levels and have continued shorting the markets (crypto, stocks) on mega volume.
Going back to Wyckoff, one of the 3 golden rules he considers is EFFORT and RESULT.
While market has been short on super volume, the price did't quite reacted same.
When EFFORT != RESULT we look for pause and reversal.
Sell volume has been slowly being absorbed and we have, for a very first time seen a 50/99 DMA Golden Cross
While this is early indication and needs to be confirmed with 50/200 Golden Cross, short side is extremely heavy and vulnerable.
Remember, liquidity is magnet, and free money in form of stop-loss are up north.
Furthermore, we almost fully retraced the COVID pump and we are at a levels from where market lost its organic trajectory due to the aforementioned natural disaster.
ALGO completing Wyckoff accumulation phaseAfter a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model:
1. Preliminary Support (PS) established
2. Selling Climax (SC) achieved
3. Automatic Rally (AR) occurred
4. Secondary Tests (ST) occurred
5. Price broke key resistance level (Sign Of Strength / "crossed the creek"
6. Price Backed Up ("walk back to creek")
The next phase is the mark-up phase.
This could correspond well with a mid-term rally off SPY support level.
GBPJPY ...bearish 4H viewAfter completeion of the distribuation phase of Wyckoff with breaking out the support level which converted to resistance...retest was done and formation of new downtrend below the Fibo 0.61 level, below MA200 and bouncing off the trend line ...down move is expected from that level...be safe..
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.
LUNC wyckoff accummulationBINANCE:LUNCBUSD probably doing a wyckoff accummulation phase as BINANCE:ETHBUSD did long ago. My theory is that market do a reversal after a triple top is formed. Hence, only one top has been made so far. This is subjective to market conditions.
Readjusted Possible Wyckoff Accumulation range on LUNCTracking this possible range of accumulation a bit early but it looks like we've hit a secondary test (ST) in phase B and possibly going into phase C with the last point of supply ( LPS ) being accumulated by holders and market makers. It goes with the narrative that everyone just jumping onboard with staking and becoming a validator node for the network.
Possible Wyckoff Accumulation range on LUNCTracking this possible range of accumulation a bit early but it looks like we've hit a secondary test (ST) in phase B and possibly going into phase C with the last point of supply (LPS) being accumulated by holders and market makers. It goes with the narrative that everyone just jumping onboard with staking and becoming a validator node for the network.
Here what i think about TSLANASDAQ:TSLA is paying within 260 - 315 range area.. which is not so wide range for TSLA. i really don't a serious selling in TSLA. CME_MINI:ES1! is near the low of this year (2022) , which 3650s area (June low). if ES run out supply, and i think it should, TSLA will bail out all of seller at 315 area, poor structure. let's watch this moves..