Signs of Bullishness - BitcornI think the suspected Wykoff Accumulation (ignoring wicks) has followed up with a spring and is ready to launch. As always, there's a chance of being wrong and the downside is significant once below $58k. I have target around $64-65k for myself if this plays out as predicted, however, higher is down right possible, talking to YOU Jim Crammer ;) . I have a small 50x long from $60k, so I am bullish. Appreciate the risk, NFA, DYOR
Wyckoffaccumulation
EURUSD is ready to dropOne objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle
Bitcoin - A Wyckoff Cycle Study (Another update)I promised an update to my Wyckoff study of Bitcoin, and with the recent Alert from Glassnode that the balance of BTC on Exchanges is at a 3 year low, I feel we can plot another waypoint on the course towards Wyckoff Distribution. That is, we haven't reached the point of Preliminary Supply (PSY) yet, but this correction is likely the predictive marker that it is next.
25 May '21: EURAUD - Wyckoff & TrendThe monthly trend line forms the bottom of a rising channel. The accumulation phase here dovetails nicely with the trend line. In the next three to six weeks, the SOS on the chart should relax down into the BU/LPS, which I expect to fall into one of the buy zones, before breaking upwards. I expect the whole move to take no more than two months.
If the third (orange) buy zone breaks down into the daily demand zone (2nd daily demand zone from the bottom), look for a retest of the monthly trend, and a possible flip to bearish outlook.
I may look for a short scalp setup leading into this if I feel daring, but it would appear the best entry for that is already behind us.
GBPUSD Short idea reentryGood Morning everyone, in case you missed it my short position from yesterday is in profit about 70 pips right now. It’s not too late to secure an entry. Currently price is sitting around 1.37500. If this level can hold then price could make its way back up to 1.38000. This is an area where i will be taking another short position with a stop loss at 1.38175. Long range take profit for me is 1.36500. This is one of many updates to come for GBPUSD. If you like this idea and it lines up with your own technical analysis don’t be afraid just hop in the trade. Please like, comment, and follow. Happy trading everyone
GBPUSD Buy and SellnIdeas. READ THE CAPTIONRight now price for GBPUSD is heading towards our first take profit on this ride we are about to take. Price is playing out as Wyckoff Accumulation on the Daily timeframe. We are currently still in the spring phase. If you want to know what Wyckoff method is google it and you will find good examples. I have labeled price targets as well as long and short positions for trades I will be taking personally. Right now I'm in profit on the way to my first buy target for a personal long position. My take profit is 1.38250. As the days and weeks pass by I will be posting updates for trade results and new entries. Like and Follow so you can take this ride with me. Ill be posting as I take my positions in real time so don't miss out so you can compare with your own analysis.
Wyckoff on repeat (sequel)Completely speculative, crystal ball style. This idea is purely out here as a potential scenario in case we do see somewhat of a repeat.
We may not. It may be time to let the markets do its thing. My overall position is hold until 100k+. I will not take action unless I see this play out.
But as I mentioned, I do believe the manipulators will continue. Their goal is to push the markets up while taking profits.
In this case, if we break the previous ATH with strong sentiment (after having turned it into support), we will see extreme greed returning and participants going long.
The best time for a shakeout.
Note: this fractal is not one-on-one. I increased the size to match the % gains (40% legs) / drops (10% correction, 25% drop to accumulation) during the previous fractal.
Coincidence that it then matches the ATH on the first peak, then testing around that range during the second peak (or is it?)
SHIB USD Re-Accumulation in Scalping Timeframes Given here is the SHIB USD price activity in the scaping group of time frames (1 min, 3 min, 6 min, 12 min, 23 min, 45 min, 90 min, 3 hour) with the Phoenix Ascending indicator, which is comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the white energy (WE).
Here, I highlight two trading ranges for SHIB USD in the 12 min timeframe. The first (to the left) is re-accumulation. The Wyckoff events and phases are labeled. The ideal long entry is indicated by the blue arrow (phase C or early phase D). The second is hypothesized to also be re-accumulation although one cannot exclude the possibility that it is re-distribution. The ideal long entry would be in phase C or early phase D. Wyckoff abbreviations: selling climax (SC), automatic rally (AR), upthrust action (UTA), sign of weakness (SOW), failed upthrust (FUT), secondary test (ST), last point of support (LPS), sign of strength (SOS), buying climax (BC), phase A (Ph A), phase B (Ph B), phase C (Ph C), phase D (Ph D), phase E (Ph E).
Shown in the bottom panel is the Phoenix Ascending indicator. The ideal long entry occurs when the red sRSI is on the upswing and is about to be contacted by the green EMA that is also on an upswing.
This is not financial advice. I am not your financial advisor. This is my opinion.
GBPJPY get ready for the "bullish continuation" from 11/10/2021GBPJPY Accumulation scheme entering the end of phase D accumulation and has the potential to enter phase E to reach the SOS target 162,900 (sign of strength) and after forming LPS (last point Support) GBPJPY will enter the public participation phase.
BITCOIN Wyckoff Accumulation (1D) - Brighter Times ARE Ahead!This chart describes a typical Wyckoff Accumulation Scheme.
Although Phase E is already in effect for a longer time now, considering market conditions and sentiment, I think
the Distribution Phase is not anywhere near currently, especially not on the daily timeframe .
I got a decent entry on this one earlier last month, and just wanted to share this chart with you as how much of a
textbook Wyckoff Accumulation Sequence is this.
But don't get too caught up in this demonstration, as price action tends to differ each time one spots a Wyckoff Pattern.
I hope you found value in this chart, as learning the Wyckoff Method and Price Action is one of the most important things
besides risk management.
Alright you guys, take care and happy trading!
NFA and DYOR
Wyckoff Accumulation appears to have started on lower timelineHello traders!
Looking at the 15M timeline for a bit more 'resolution' in the bar chart. It helps show the Wyckoff pattern well.
I do believe that's what is going on right now. Enjoy some accumulation time and lets hope we get a spring for a bit of an extra dip to buy on.
Have a great rest of your week and I hope you enjoyed some great profits from the last few days! \o/
---
DYOR
Avoid FOMO and FUD
Stay calm, don't trade with emotion.
FWIW my charts are displayed on a 4K Portrait mode monitor, sorry if things are squished for you
Palantir..... a case of accumulation Idea is based on Wyckoff theory. Although the price action has elements of distribution present (e.g. the lower low on the secondary test in phase B which could indicate a minor sign of weakness), I believe a more probable scenario is that we are currently still in an accumulation phase. Price held at the selling climax level and both supply and downward result decreased afterwards.
We either are in the last phase of weak hands shake out where we will get one more test and upwards price movement, or we get a spring like action to capitulate weak hands and we resume to the upside from there.
Is Nasdaq currently in an accumulation phase? This Idea is based on Wyckoff's theory. Considering the current bearish sentiment in the markets, it is from a contrarian perspective not improbable that we are actually in an accumulation phase indicating significantly more upside for Tech stocks and the Nasdaq. Also, this aligns with my previous long term analysis of the VIX which indicates that the current bull run is far being over!
Are we the dumb one's? Don't think so...I know TA isn't always the best for AMC in the short term, but it helps to have an idea of what is coming in the next days/weeks/months. First, the chart respects Elliot wave with either 2 scenarios. A, we see a strong movement in the next few days since debt ceiling was supported till at least november/december, China Evergrande will not cause problems as we taught it would, regulations are "starting" to appear and will get into effect in the near term. With that being said, FUD is controled and people regain trust in the market slowly till the end of the year. Now B, it could happen that we see a more side ways movement respecting Elliot wave and Wyckoff accumulation which tells us that we are in phase c or d depending on your perspective and the time frame compared to the month of may run. Anyway... in conclusion i see a strong bullish movement since today a small break out confirmed that we are in a bull trend either than a bear trend on the daily and 4 hour charts.
PS : I'm still eating green crayons till the day i see a million + dollars in my bank account. I'm not a financial advisor, this is not financial advice, i just like bananas and buying the dip. DD is pointless since we already know that are CEO A.A. is doing a fantastic job.