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Wyckoff

We are BackHi everyone, In my last post, I sent you a free signal (link down below) where the target was reached in one day. For today, we going to analyze BINANCE:BTCUSDT . After today's move, we can say that we are bullish on the long term. The main reason for that is because: 1. Volume is increasing exponentially for this range, which we did not experience in previous ranges. 2. We are in the month of July which, historically speaking, is the month where most market reversals happen in. 3. We are forming the start of a long-term uptrend, with a 42deg trend angles. 4. Finally, we are in a stage of accumulation according to Wyckoff's law. 5. We also just formed a double bottom on the daily chart Don't forget to comment if you have any questions😊.
Long
by yassin_khanji
2
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FX Hi Traders, This is my view for this week on: - SPX500 - NAS100 - EURUSD, AUDUSD, NZDUSD - CHFJPY I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Short
by kitchen_trading
2
Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late: There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics). I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards. We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
CBOT_MINI:YM1!Long
by mdalifalwi
BTCUSDT - Watch out for Stop Hunting ❗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. A quick look at Bitcoin / BTC . I believe that we are currently in the market cycle of accumulation , according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown. During the accumulation phase, a new cycle begins that generates a trading range . This often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time . The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support. So - What Is Stop Hunt ? Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method. If we take all of the above into consideration, the price of Bitcoin can still drop and rise (within a range) multiple times until a clear bottom is established and the next markup phase / bull cycle starts. In this chart, I have identified the zones that we may likely experience range trading in. This will be the first immediate resistance zone and the first immediate support zone. It is also possible to experience stop hunting, where the price may rise just above resistance or fall just below support to take out stop losses. Incase you're interested, here I did an analysis on Bitcoin / BTCUSD / BTCUSDT using the Wyckoff Method: I also used a similar method on Cardano / ADAUSDT here: _________________ 👀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
by CryptoCheck-
36
No Brainer Mid-Long TermEmphasizing the mid-long term reward outweighs the near-term risk here using statistics in confluence with wyckoff and corrective structure: Here is what I see, accumulation began early 2022 and attempted a spring in April, but NVAX just didn't have the near-term catalysts it needed to follow through with a sign of strength (especially in the general corrective market environment of 2022).. so it began a new accumulation phase at lower levels. : - I use control charts that I designed in R, which help me gauge the stability of the current price levels w.r.t. moving averages over near- to mid-term periods (long term NVAX is cyclical and that is a whole different monster, requires more sophisticated time series and beyond the scope of this post). The 4 different CCs in the pasted image in this chart are 4 different relationships that have provided me, in general, with good results when all 4 are consistent in their interpretation. What is important here is that for NVAX to continue trading at current levels would be an anomaly, statistically.. however, if it maintains these levels for extended periods then they would become the new norm (the latter is least probable here) - downside risk near-term before NVAX become an extreme anomaly (which has 98% bounce rate, current level around 86%-93% bounce rate) is the 20-26 range - near term tendency of price is to bounce to 52-63 - generally there is an equal and opposite reaction when a name gets this unstable down it will over compensate on the move up. Overcompensation range that I am actually expecting (catalyst will be approval, or whatever they conjur up to pump it, idc): 67-73 ** Using confluence with ARIMA time series, wyckoff expectation of seeing an SoS here off this new spring that is forming, and dynamics of control charts (I use these to confirm accumulation or distribution as well), it would make most sense to see an over-reaction bounce soon centered around some hyped news to around 67-73, followed by a pullback into the stable range around 52, and then continuation from there. The yellow paths are just illustrative, solid line near term trajectory, dashed line the general mid-term expectation for price action.. again, illustrative for now.
NASDAQ:NVAXLong
by JerryManders
9
Amazon Wyckoff SetupInstitutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a new idea. Higher prices does not mean bullish outcomes. many retail traders, dumb money, poor traders will enter trade positions into the tops of the range ( trust me, there are a few who enter BIG). thus, all along it was a bull trap, the beginning of the end. As a sidenote, for those who use wyckoff, it is absolutely necessary to confirm phases from other phases. This is how your precision is increased. Phase c is the hardest to confirm. with other confirmations though, you are able to improve your accuracy.
NASDAQ:AMZNShort
by Integrity_Investments
$BTC Bitcoin ST 4 hour looks Bullish above resistanceBitcoin seeing some buyers and possible accumulation with volume uptick and testing resistance now. Above 23,000 can see higher for as much as 28,700 gap fill. Will probably need some consolidation along the way, no straight lines up but above 23,000 I like the long bias. Rejection here and it's most likely back down to 19,000 support . From there we see if it's a new leg down, or more time consolidating / trading in channel , prepping for next major leg (up or down). My bias here favors the long side R/R Cheers
CME:BTC1!Long
by FriscoTrades
Wyckoff Method - Target 30kAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
Long
by Vaultfy
1