Wyckoff
GENM - Pullback Completed ?Sign of Strength in the chart:
1. Shakeout Completed
2. Pullback with NS
3. Bullish signal is back
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
possible accumulation The fiber is trading in a range and we can notice an upthrust and apossible spring, we still cannot confirm that the low of today is the real spring, in fact if we trade in a conservative way we might wait other confirmations before thinking about opening a long trade, if you are more aggressive you might open a buy with tp and sl as highlighted on the chart above.
Pay attention at the fundametal news, especially on thursday during ECB event
If you want more specific information send me a direct message.
Francesco
Wyckoff Phase E Nearing CompletionBTC at present is ranging on the $20,000 support and as long as the price remains above $17,567.5 BTC is bullish. Price below $17,567.5 is bearish. From a waves perspective the only remaining bullish count is a diagonal in wave 1 which is valid above $17,567.5. Expect further downside if price confirms below the origin of wave 1 at $17,567.5. Expected downside in a best case scenario is around $12,500 worst case scenario is around $4,000.
SPY, SPX, ES1 Futures WYCKOFF DISTRIBUTIONThis is my take on the SPY ETF and SPX. It seems though there was much buying near the support, many other market participants or the CO (composite operator) was off loading--or even initiating short positions-- these shares.
There are many economic hints that point us into the conclusion of a Recession--Yet of course recessionary news is posted every day even in a bull market.
However, as a National factor for the US, Interest Rates have been on a rise. Inflation expectation is also on the rise as the FED continues to look forward to rate hikes in the future. Taxation--as one of the options-- may increase as to RID excess money from our system, thus Unemployment should increase as many companies are forced to lay-off their employees. Additionally, with the increase of interest rates this causes housing values to decline rapidly. With housing still in demand now, new housing ownership should decline slowly, as many cannot afford the interest rates on a loan to build or buy housing.
Housing Ownership and Stock market Prices really do not have a correlation, nor does Stock price and GDP. However, Interest rates have a correlation with nearly all Industrial and Stock Effects.
My Bias Is Bearish: This is Soley due to The Technical Aspect. There was existing support however was quickly reversed as resistance-- The offloading of Institutions who entered on the wrong side of the market--forcing a liquidation of their assets at break even or lower. THUS, the backup move was essential for the market to mark down to lower prices. It seems that it will be a slow process of a continuous move lower.
Wyckoff Accumulation 2 by EripedWyckoff idea based on Schematic no. 2.
Below 19300 till 18800 is around 120 Billions worth of long Liquidation which i belive they will protect it.
Also SPY and GOLD ale currently holding above previous Supports.
1 week of BTC range with alot of movement across the board is probably just preparing for something.
Bitcoin Volatility Index is at the bottom so I expect some Big moves for next week.
You can find alot of confluences across the board for BTC for Longs.
Wyckoff is SimpleThe wyckoff method is a very simple method. The purpose of this post is to show you price manipulation by the Composite Operator or CO.
Price NEVER moves the same way. In fact, you will almost never see the same wyckoff pattern in all of your trading years. HOWEVER, the terminology is the same because the reasoning behind these moves are scientific and are inevitably going to happen. For example, shorts have to cover eventually. Thus, the terminology for the automatic rally after a long downtrend is Sufficient evidence of short covering.
So, In almost every range there will be a stage. A stopping stage, trading stage, heavy absorption or distribution, trend phases, and an exit of the range. By far, this method of trading is the BEST way to avoid excessive risk, and if you are lucky, you can easily campaign a stock into 200-300% gains--EVEN IN PHASE B?!?!( big risk )
BTC trend prediction - A Wyckoff analysisIn the continuity of my previous analyses for BTC on 05th July and 21st July, I would like to add a further view of BTC in the next two weeks.
This time, the analysis is based on the Wyckoff method.
On 12h time-frame, it is likely that the Accumulation Structure No. 2 has been formed. BTC prices now are out of the accumulation range (in Phase D) and seem to be ready to go higher (in Phase E).
To do this, BTC needs to break the resistance area of $25000-$25500. In the BTC chart of 21st July, it is the closest trendline.
With the good recovery of stock markets, we can expect that BTC will follow and come back to the $30000 levels, at the end of August/in early September.
Wyckoff Method #2 Distribution Schematic
What is the Wyckoff Method? #2 Distribution Schematic
👇👇👇
I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting
I follow my analysis
1)
2)
I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting
I started posting less, quality is better than quantity.
If you have questions for me or ideas that you want to share, I'm waiting for you in the comments.
Best regards EXCAVO
How I look explaining WYCKOFF to family and friendsWhen my friends and family ask me what I do charting crypto.
This is what I look like explaining my theories to them.
Check out the Wyckoff Distribution Timeline below if you're interested.
I Had to repost. thanks all who liked and commented on the first one.
Institutional Investors flee BTC- Impending 2k price drop to 18kThis is very good place to go short. The stark language from Powell today signals the Fed is dedicated to raising rates which immediately makes diversifying in Crypto untenably risky for institutional investors.
The recent correlation between BTC and the traditional markets is clear - BTC will drop from here.
The Bitcoin Treasure MapThis is an updated idea from the one last night.
This idea aims to smooth out some of the points in the phases with new labels minus my consumption induced ramblings.
PHASE A - ACCUMULATION
----------------------------------
PSY - Preliminary Supply
The first peak is the Preliminary Supply or PSY, which is where some retail traders start to sell
BC - Buying Climax
Around this time inexperienced investors start to come in and this causes the Buying Climax or BC shortly after the PSY
AR - Automatic Reaction
This is where institutions start to sell their assets to the newcomers, and this is the Automatic Reaction or AR price tip.
ST - Secondary Retes
After some time, the institutions will ease off some of the sell pressure and the market will spike back up to form the Secondary Retest or ST, which is usually just below the BC retail rally.
PHASE B - MARKUP
----------------------------------
As with Phase A of the accumulation, pattern institutions will occasionally push up the price to keep retail interest and confidence high while they secretly sell.
SOW - Sign of Weakness
UT - Up Thrust
PHASE C - DISTRIBUTION
----------------------------------
In Phase C of the distribution pattern, we see something called the Upthrust After Distribution or UTAD.
UTAD - Upthrust After Distribution
Whereas the spring is meant to shake out the retail investors, the UTAD is meant to get as many retail investors to buy in as possible through the fomo it causes.
Institutions start to aggressively sell to these investors causing the price to fall. This price collapse continues in Phase D of the distribution pattern.
PHASE D - MARKDOWN
----------------------------------
The brief pause in the drop is marked by the Last Point Pf Supply or LPSY and is followed by a Sign Of Weakness or SOW, which falls below the support line drawn by the automatic reaction.
LPSY - Last Point of Supply
SOW - Sign of Weakness
PHASE E - END/START
-----------
Phase E of the distribution pattern usually blends with phase a of the accumulation pattern, which readies the market for another run-up.