RIPPLE | WYCKOFF METHOD | PHASE EWyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are briefly described below.
Accumulation Schematic
Phase E
The Phase E is the last stage of an Accumulation Schematic . It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
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Wyckoffaccumulation
Will it bounce high with momentum?Hi im currently watching this market structure at 1hr and saw a possible accumulation. Im testing this piece (spring) if it successful. My signs are 1 low volume and 2 the weis wave is currently strong showing me anomality. I dont know what will be the outcome, all i know i trade in a high probability. If it fails i place a stop loss behind the structure on the spring.
SC - Selling Climax
AR - Automatic Reaction
ST - Secondary Test
UT - Upward Trust
xlm likely accumulationIt is too early to pre-empt whether xlm is truly in an accumulation. That not withstanding, I have identified a zone were price may react from if it happens to be an accumulation. Hopefuly we will see the ST(b) form.
This is of course if we experience btc bearishness soon as all crypto bends their knees to BTC.
Happy trading
Ethereum, 2 OCT - Elliott waves | Gann | Wyckoff $ETHThe Elliott wave count in ETH has been complex and therefore we can look at the construction as a Wyckoff accumulation.
The spring precedes the STs (secondary tests), which is rare but possible.
We have left the stage of LPS and are now looking for signs of strength (SOS), potentially a wave iv (green count), followed by another higher high.
The current wave can also be the (c) of an (a)(b)(c), in blue. If correct, we may see a decline again - despite the fact that price just consolidated for 8 days. However it would make sense in correlation with QQQ. Just as a word of caution.
Potential resistance zones are:
- 3436 the .618 retracement from the 4028 high
- 3500 median between two Gann levels & 1.618 extension of (a)
- 37200 Gann level
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
BITCOIN WYCKOFF RE ACCUMULATION. IT IS BULLISHHello,
I am seeing some signs of reaccumulating. Wyckoff helps me a lot to finding the bottoms. MACRO BOTTOMS and I see some signs of strength and it looks like bitcoin wants to go up.
So, the key to find wyckoff reaccumulations and distribution is by giving is some more time.
TIME AND PATIENCE WORKS WITH WYCKOFF.
All the best!
BITCOIN Possible acumulation happeningHello.
Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things:
1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test.
2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range Acumulation.
Im trading it from the bottom of the range and have the SL set at entry point 44500.
If option 1 plays out, we are going to visit first 40-42k zone.
If this is option 2 Acumulation last phase, target is 49900, where is dangerous zone, possible bull trap zone, to start another correction.
Trade Safe.
Regards.
Eng. Alexa
$BTC Wyckoff 4hr re-accumulation poss$BTC 4HR Wyckoff re-accumulation
After some further analysis and overlays of chart patterns, I have come to the idea that this current phase that we are in fits best with the post drop accumulation and thereby that it is entirely possible that today may have been just over the half way point through the accumulation phase.
The pattern seems to mirror VERY accurately IMO although I couldn't squeeze it right using just Tradingview.
This would suggest that the end of this accumulation period would be very early October.
Trade safely guys and I would welcome your offerings on this perspective!
PumpeyeTheTraderMan