(Update) Bitcoin Wyckoff analysis - More than 280 pipsWe had a confirmation with small Wyckoff accumulation range in 5m time frame.
Our target at Quasimodo level on above chart.
Let's see another precision Gold and Bitcoin trading ideas below
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🔰 Attention about this Bitcoin analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Wyckoffaccumulation
GBPJPY update, price re-test last point of supportWill we have to change the view?
I'd like to see price testing Last Point of Support.
LPS is also a un-test Demand.
If this level can't hold, we also have to change our view from accumulation to distribution.
I'm waiting to see price action before enter my positions.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
Gold analysis today, an ideal XAUUSD plan before ChristmasThis is a Gold short-term Wyckoff analysis and just see it as a idea only.
NOT A FINANCIAL ADVICE !!
Here's a accumulation range in 6h time frame
In previous P&F chart, our estimate target around 1813.5. Price was reacted at 1814 level like we were saw on the chart.
Now, we can see an Equal Highs at 1815 level. Liquidity above there.
So, I'd like to see price testing Last Point of Support.
If this level can hold in sessions on Monday or Tuesday , Gold will re-test 1815-1818 level to grab liquidity from Short-side.
There're some key-level that we're marked.
Support is 1790-1991, 1780-1782 and below 1770-1773
Gold could be in the range til end of 2021.
Ideal plan for Gold is price re-test below level then it'll continuing go upward to 1825, 1833, 1845 or higher levels.
At these levels, if we see rejection of price, we can test short positions to below zone.
I'm waiting to see price action and confirmation before enter my positions.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
Bitcoin short-term Wyckoff analysis, will price re-test 50k ?This is a Bitcoin short-term Wyckoff analysis and just see it as a idea only.
NOT A FINANCIAL ADVICE !!
Here's a small accumulation range in 30m timeframe
In lower TF, price make HH and move in compression to take liquidity.
I'd like to see price testing Last Point of Support. LPS is also a un-test Demand.
If this level can hold, price will re-test above level like 50k.
Target is Quasimodo Level on above chart.
I'm waiting to see price action before enter my positions.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
Will Ethereum accumulate til end 2021 ? Wyckoff analysisEthereum Wyckoff Analysis & Forecast
Price may move in the accumulation range
And it can take up to 2 weeks to get out of this range.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Will GBPUD reverse at 1.319 level? Wyckoff analysis in ForexGBPUSD Wyckoff Analysis
I'm waiting to see price testing lower zone.
There's a Quasimodo level confluence with Bullish Engulf candlestick.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Is Bitcoin in a small accumulation range? Wait for testingWyckoff Analysis in Crypto trading
Volume is low now.
I'm waiting to see price testing lower zone.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
ETHUSD in a small accumulation range, Wyckoff analysis in cryptoWaiting at LPS - Last Point of Support
We need confirmation before enter any positions.
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Accumulation: Wyckoff Events on $AVAX/BUSDPS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
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.
Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume.
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
AAVE in accumulation scheme, wyckoff analysisDo you like this crypto trading idea?
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Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
AVAX accumulation, Wyckoff analysis in crypto tradingDo you trading crypto?
AVAX in accumulation scheme
I'd like to see price retrace back to "Backup".
Wait to see a confirmation before enter positions to minimize risk.
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Attention about this Wyckoff analysis
This is my personal idea and analysis , please just see it as an example for reference .
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
This is a free blog sharing trading ideas.
Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis .
Happy Trading !
AMC -- The Road Up Goes Down, Part 1This chart is going to go with the next one I post. To understand my thinking here, you'll need to see a more macro view of AMC's chart.
This is an accumulation within the phase C "spring" of the spring phase of the June to Present re-accumulation. It's The Inception of Springs. For the last three days after what many (including myself) believed to be a terminal shakeout, the deep plunge did not create the kind of upward thrust we needed to break out of this trading range. From where we sit, I see three possible paths:
1. (in pink) we finally respect support and begin to climb out of this trading range toward the accumulation
2. (in purple) we breakdown back into the trading range, but follow Wyckoff accumulation schematic 2 and LPS above the low set by the sell test in phase B
3. (in yellow) we form a deeper spring beneath this micro trading range
If I had to guess, I would say that all signs point to yellow, for me. The next chart will help clarify my rationale -- and I don't believe this move will be long-lasting -- but, now that we're here, we have an opportunity to fill the gap at $16.95, and I think it's in our best interest to take that opportunity. Doing this will not only fill the gap, it will bring us into the golden pocket of the stock's all time trading range, from January's low to June's ATH. The two dotted green lines represent the golden pocket of that fib (which will be more clearly seen in the next chart.
I remain incredibly bullish in the long-term on AMC, but admit that there are a couple of important boxes to tick, since we've broken so far below the re-accumulation's trading range.
This is one of those instances in which I'm simply trying to illustrate what I see -- right or wrong, I'm an AMC long who will be hodl-ing with you all through whatever comes our way.
Wyckoff Accumulation Bitcoin 4H and 1H update.Since the Spring of the Wyckoff Accumulation, we were able to predict the flow of Bitcoins price by following the Wyckoff market cycle.
We are now in phase D, were we will start the clear Sign of Strength move by creating our last point of support.
This will be confirmed if price comes back down to the $47,700 - $47,300 range, creating a higher low on the 1 and 4 hour charts.
If price were to fall to these levels, we are predicting that price will not stay there more than 4-8 hours before rallying back up to our current resistance levels of $49,000 - $49,700.
EGLD: Wyckoff accumulation schematic #2The previous linked Wyckoff idea was invalidated today after having a lower low.
The traditional one can still take place.
Wyckoff Accumulation Bitcoin 4HAccording 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.
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
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.
Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume.
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Gold Wyckoff AccumulationHello Traders
We are nearing the end of a 3 weeks trading range on gold.
Liquidity for demand was grabbed at the lower levels all this time and we might be on to another Lower Low and/or Spring action for an explosive rally to the upside.
Possible TP would be 1825, and any long term TP could be the 1900s, but as always with gold, tread very carefully and dont over leverage before considering any long term investments.
As always, stay safe with your trades and always wait for for range tests confirmations before making your entries.
Goodluck !
EGLD: Accumulative Gradient of Rising BottomsA more positive idea, seeing the bullish divergence playing out. If EGLD is able to keep the recent low volume of sellers and make a relevant higher low...
Quoting some parts of the original article where they suggest this Wyckoff schematic of Gradient of Rising Bottoms at the very end of it:
"Richard D. Wyckoff and his Associates time and again pointed out the power of ascending bottoms in a base of accumulation or re-accumulation"
"The composite man is willing to play the short side of the market as well during the trading range of accumulation so long as he can abstract a public following of sellers. But as the trading range proceeds, the new schematic reveals that fewer and fewer sellers remain to propel stocks downward in price. As a consequence, the downwaves become shorter and shorter in length (the bottoms rise) and the Composite Man as a result accumulates an increasing line of stock. Ultimately there is little left of sellers to coax to the downside and so the composite man reverses his attention and spurs prices upward and out of the trading range."
"Wyckoff Schematics: Visual templates for market timing decisions" By Hank Pruden and Max von Lichtenstein.
Going up to at least 55k. Convince me otherwise!BINANCE:BTCUSDT
My analysis is based on the Wyckoff Method. Once I identified the current consolidation area as ACCUMULATION , I used a horizontal column count on Point and Figure (PnF) chart (box size = ATR) to calculate a projection of the up move that should result from Cause accumulated in this consolidation area.
If you are familiar with Wyckoff schematics, the chart should be self-explanatory, so I'll just share my reasons for why I identified the current Trading Range (TR) as ACCUMULATION.
The Stopping Action in Phase A is very obvious here - the Extremely High volume is a sign of the Composite Operator (OC) stepping up and buying BTC. This is high quality demand meeting panicky selling, which is reflected in the candles with the tiny spread and huge volume near Selling Climax (SC).
Phase B begins after some more supply is absorbed at "ST". Now look at the volume throughout Phase B:
1) Volume shrinks on rallies. This is b/c most of the Supply has already been gobbled up by the OC in Phase A. Since OC is not selling, even the slightest increase in Demand is enough to drive the price up.
2) Volume expands on retracements. This is b/c OC is buying, trying to absorb every last drop of Supply.
3) Sell Volume is obviously decreasing from ST1 to ST2, also indicating that OC is absorbing Supply. ST3 has a bit more volume than ST2 - looks like UT2 has shaken some more Supply loose, which makes a Spring very likely.
Phase C now begins with a Spring Type 2. Since the last ST3 showed that the market still has some Supply, OC removes bids at the Support line to let the price drift slightly lower, to see if that scares up even more Supply. In this case it does not! The Volume on Spring is lower than on ST3, which means that Supply is now thoroughly exhausted. OC pushes the price back into the TR with the next green candle with higher volume.
After this a Test follows, showing even less Volume, which means that BTC is now ready for markup. Phase C is done.
Further evidence of a markup is:
1) OBV shows net accumulation
2) ADL shows net accumulation
3) RSI bounced off of MA(39) for the 3rd time, while making Higher Highs
4) Wyckoff analysis on the Weekly time frame also shows ACCUMULATION in Phase B. This means that in the future BTC can still go down to the neighborhood of 30k before going back up, but that's really long term.
So this is where I openned my Long position. From here I expect a JAC (Jump Across the Creek), which will be characterized by a candle with large spread and volume, then a bit of retracement to BU, and finally markup in Phase E.
Wyckoff Method postulates that Cause is built up by volatility in Phases B, C and D. The more volatility is recorded in that region, the higher the price will go. My PnF Chart calculation indicates that BTC has generated enough "fuel" to go up by $9000. Measuring from the bottom of the TR, we get at least 55k. The purple dashed lines in my chart indicate the target region.
What do you think?
EURJPY long positions update, Wyckoff method in Forex tradingAre you trading EURJPY pair ?
This post was a Wyckoff analysis
Price was created Equal Lows so it's better when we move SL to BE and take partials profit.
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Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
This is a free blog sharing trading ideas.
Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis .
If you find the article useful and interesting, please leave a comment !