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Wyckoff

Wyckoff still playing out on BTCI have only been in the market 18 months, and have tried/tested many indicators. The only one that has remained consistently true up until this day, is the Wyckoff Distribution Schematic #1. It hasn't really faltered at all since people started drawing the comparison early 2021. If it remains true, we will hit ATH before the cycle is done, sometime around the end of June. That said, 18 months is not a long time. I just know what I know, and I know Wyckoff has been freaky accurate since I entered the market.
Long
by D-Rock_Anomaly
10
Bitcoin - Wyckoff says BE BRAVE 💡 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. 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. Richard Wyckoff is the person famous for creating what we call the Wyckoff Method. Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis , along with Dow, Gann , Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline. What I love about looking at charts from a macro view, is that it cancels out the noise. Noise could be anything relating to chop trading, stop hunting and even news articles. 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? It makes me back to the quote first mentioned: Have the courage to follow the market cycle. Here are my TOP #3 lessons for trading from Richard Wyckoff: 1)“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss” 2)“Man or woman seldom makes a success of anything! That is true of trading stocks, business endeavors or even hobbies! Success in day trading usually results from years of painstaking effort and absolute concentration upon the subject. It requires the devotion of one's whole time and attention to - the tape. He should have no other business or profession. "A man cannot serve two masters," and the tape is a tyrant. One” 3)“Especially he who puts his knowledge into actual practice, is constantly evolving new ideas and making discoveries which modify or nullify his former methods. From each new elevation he enjoys a broader view; what were obstacles disappear; his problems gradually simplify.” _________________ 👀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
Long
by CryptoCheck-
82
US100 Long 1h Wyckoff Trailing StopThis analysis is based on the scenario that we are about to complete the schematic with a following rally. A possible position can be placed like: -50% of total position size on the LPS after we have seen some Sign Of Strength. -50% of total position size on the LPS after we have seen the Sign Of strength of the smaller area. (something more that 12865) Scaling stop loss starting (11698) and after the final position becoming something less than (12380). Target being the good reference point of (14248).
CAPITALCOM:US100Long
by koumkouat
EURUSD - Wyckoff Cycle In Action!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I found EURUSD Weekly chart a great practical example of Wyckoff's Theory. As per Wyckoff Price Cycle, we are most probably entering in an accumulation phase. and yes, it is still too early to judge, as for the accumulation phase to start, we will need a consolidation as highlighted in purple. If we get our consolidation, for the markup to start, we will need a momentum candle close above the gray zone. Meanwhile, until the bulls take over, we are still bearish and EURUSD can still trade lower to form a new lower low, then an accumulation phase. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
22
ETH/USD 1h Position LongMy position based on the re-accumulation schematic it the following: 3 entries 1/3 of the total risk amount on the breakout. (1629.12) 1/3 of the total risk amount after the retest will be confirmed. (waiting) In this case I must comment that the flag existing right not is not the one that will give the confirmation, but a pull back done from further away will give us this position. A small consolidation area there or a move upwards and then a sharp move will do the work. 1/3 with the breaking of the swing high that will also be provided as before. (waiting) Stop below the support line of our negotiation area. (1477.53) Target profit on the resistance line of the next negotiation area. (2072.45)
CAPITALCOM:ETHUSDLong
by koumkouat
BTC (Y22.P3.E2) Wyckoff alignment, The decider.Hi All, Just sharing some knowledge about this current structure. This lines up perfect with the wyckoff accumulation and re-accumulation structures. One is a reversal and the other is a continuation formation. At this point, we cannot know. Hence why this is the difficult stage. for BTC. Double top or 618 rejection area (pretty much the same as Dtop). Note the neckline is critical level to get out. If we lose this, we are headed to 15k What is next? Next week will determine the whole market direction with the likes of tech companies reporting profits\losses and the QE FED CPI meet. 2 targets based on how you apply the fibonacci and one equates to double top. The other, 25k as the next target. All the best, S.SAri
INDEX:BTCUSD
by ssari
CLVS signs of Life? Break outAfter following this since hit flat lined at .81 cent I saw clear cut signs of accumulation and break out. Right at the end of the option chain cycle. Which ended today. The fact that it jumped to above a $1 on this day shows to me that its serious about bouncing off the bottom. Otherwise it could have just stayed below $1 until after today. It jumping above a dollar today means someone lost money or that they dragged it so far down that even if it came up it didnt matter..... Now we have a full month in this option call to run. does it go parabolic? or does it re-accumulate from here to inch its way back up? i marked two key areas in blue for when obvious change tot he price action can happen. by iCantw84it 06.17.22
CLong
by iCantw84it
1
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