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Wyckoffaccumulation

Bitcoin Wyckoff Accumulation Cheat Sheet (Update 1)Update on the previous cheat sheet with new trendlines and support/resistance levels. Have also included the cumulative volume of each swing high and low since the Spring/Shakeout, to better show accumulation with lower volume on each pullback compared to up swings. (Note that volume is only based on BINANCE:BTCUSDT ) It appears we have just formed the second test of Phase C, with a confirmation of moving on to Phase D once we clear the 36600 swing high. Comments and donations appreciated. Thank you! Inspired by: @bbrijesh @JordanLindsey @JKTrder
by ttp112358
19
XAU USD Potential LONG zone (read comments for in depth details)Hey Guys, looking at gold's most recent price action on the daily TF, we can see we have accumulated almost at the same level of a previous re-accumulation. in fact, in the current accumulation's spring, we cleared the lows of the previous re-accumulation zone. which is very interesting and nice to see. so now that price has accumulated, and made it clear that it took the lows and broke structure upward, we can now look for zones of interest to go long. Now for my zone of interest id like to play of the daily IC, and would like to see a smaller TF accumulation as we enter the zone of interest, if i dont get that accumulation in the zone of interest then i wont be going long. Here's some screen shots in the comments to show a bit more detail.
OANDA:XAUUSDLong
by Hammoud8721
4
GBPUSD | Market outlook Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower. Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16. But after the dollar was weighed down by some weaker details in an otherwise strong overall U.S. jobs report, sterling recovered some ground to trade 0.15% higher.
Long
by DynamicCapital-FX
1
Bitcoin Wyckoff Accumulation ConfirmationIn continuation of my previous idea. The PS in the formation was too low, possibly because of series of exchange crashes, which led to long trail of triggered stoplosses. That led that the whole structure was little misunderstood. Now we had a perfect spring and test exactly where I expected it, but quite later and now we are moving to phase D. There are no strong signs of strength on clusters, but we are smoothly moving up last days, crossing last day's resistance. At any moment bitcoin was looking weak: no signs of strong buyer interests, but now almost the whole formation is before our eyes. Lack of additional confirmations does not give me confidence, that we would go all the way up from this formation, since Bitcoin knows few cases, when price went down after exit from accumulation.
Long
by danfilatov
3
BTC Current Wyckoff SchematicAnalyses of Trading Ranges (Stockcharts.com) "One 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. In both accumulation and distribution TRs, the Composite Man is actively buying and selling - the difference being that, in accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR." Source and more great basic intro information for Wyckoff Method: school.stockcharts.com While BTC Holds Above the Previous Tesla buy in area 34200 expeciting a push to 40k or further as a confirmation of Accumulation. The next confirmation of Wyckoff is a SOS ( Sign of Strength / Jump Across the creek) followed by LPS (Last Point of Support) to confirm the beginning of a move to Mark Up Phase. See schematic here for reference: ibb.co
Long
by Worth_The_Ri5k
6
Bitcoin About to Test Key Resistance I have updated my chart to show, along with the Falling Wedge I have been tracking, the Rising Wedge created by the higher highs and higher lows after the Spring. I have also drawn in a "Creek" line of resistance, and what it interesting about tonight and tomorrow is: Bitcoin is getting ready to test the resistance being created by those 3 confluent areas: Falling Wedge (Yellow Dotted Lines) Rising Wedge (Yellow Dotted Lines) Creek (White Line) All of which come together around the 35K area. BTC could blow past that and begin its run to the upside, but more likely is that we see a rejection down to the bottom of the Rising Wedge at around 33.5K. All good if that happens, but if BTC breaks BELOW that resistance and starts closing candles down there, then all bets are off. I'm watching it like a Hawk this weekend.
BINANCEUS:BTCUSD
by TommySantosCrypto
Is The Wyckoff Valid for Bitcoin?What is the Wyckoff Method? The Wyckoff accumulation is a century old form of technical analysis created by Richard D. Wyckoff. It is based on the principles of supply and demand. According to Wykoff there are two main phases in a market cycle: The accumulation phase and the distribution phase. f this was our Wyckoff spring moment then July could be very exciting! — Lark Davis (@TheCryptoLark) June 22, 2021 The accumulation phase usually follows a big price drop (Phase A) In the accumulation phase the price bottoms out as investors are starting to accumulate share or in this case Bitcoin. The demand and supply are close to even until slowly investors feel more comfortable to buy more and the price rises (Phase D and E in Graph). The distribution phase can be imagined as the mirrored version of this graph. After a heavy price increase, demand and supply are even and the price stops increasing, over time leading to a larger crash in price. Wyckoffs method states markets never repeat exact circumstances. So, instead of looking for the market to repeat itself, Wyckoff’s method requires analysts to look at broader sets of patterns. All price patterns vary slightly from previous incarnations either by size or volume to therefore making analysts adopt to different sets of outcomes instead of the same one. The second rule to the Wyckoff method tells investors and analysts to respect market relativity. Meaning, in order to understand today’s market trend, one must also evaluate the past. Finally, In the Wyckoff method, Wyckoff introduced three trends. These include up, down, and flat. He also introduced three time frames in his strategy: short term, intermediate, and long term. Is the Wyckoff Method valid? According to many experts in the industry, we could soon entering an uptrend in Bitcoin price. “In terms of the Wyckoff method, this $28.8K lower low is very similar to the $65K higher high. Both cause a maximum emotional effect on market participants.” Final thoughts Time will soon tell if the Bitcoin bounce off of 28k support this week is the spring to send Bitcoin back to reach it’s previous all time high. Many in crypto are hoping for a bullish reversal of the market come July.
COINBASE:BTCUSDLong
by sachi_diary
12
Wyckoff Accumulation (Update)For the past month Bitcoin has been in a very boring sideways moving range. However this pattern shown in the chart is a Wyckoff accumulation pattern which is used by the big whales to manipulate the market and acquire as much Bitcoin as possible while making the weak hands sell their Bitcoins by bulltrapping and bear trapping as seen in phase B and C. If BTC can hold the 33k level until the next daily candle this might be the last time we see 33k. We are at the very end of Phase C according to the Wyckoff accumulation pattern and are starting Phase D which signals a huge move towards the upside before consolidating a bit and launching even higher in Phase E. This would be a really good long position to keep an eye for. RSI on the Daily is also looking very bullish. It has been trending in a downwards sloping resistance for a couple of days now and a break up is inevitable and could result in a big move for Bitcoin! have linked a picture of the Wyckoff accumulation pattern. Good luck traders!
BITSTAMP:BTCUSDLong
by SpaceBlobb
3
Bitcoin Breaks Back Into Falling Wedge, Zero's in on Elliot WaveIf anyone tells you they know what Bitcoin is going to do here, they're lying to you. I do not like that BTC broke back into its Falling Wedge, but it is still respecting the bottom of the Wyckoff Trading Range by not breaking back into the purple area. In a previous post, I noted I was watching for both of these events. The first has happened, so we watch for the second now. I remain bullish in the short-term, though, as we see additional confluence in the Elliot Wave in its final leg. To confirm, I'm looking for BTC to climb back up above the wedge today or tomorrow, likely re-re-test it again, and if it succeeds, create the last upward leg of the Elliot Wave. If this ends up not playing out and BTC closes a candle within the purple, then we start to look at a possible Redistribution instead of an Accumulation. We're not there yet, but we consider it as we implement Risk Management. We all want BTC to start going up. but the people that make money are the ones that look at the current situation as objectively as possible. Every bullish scenario has a bearish counterpart. We need to know what that is and prepare for it no matter how unlikely. this price action is boring, but it's building to something, and there's money to be made - whichever direction it ends up going. Resources Elliot Wave Theory - www.investopedia.com Wyckoff Redistribution - stockcharts.com Hope everyone is getting ready for a great 4th of July weekend here in the states. Be safe. ****** I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
BINANCEUS:BTCUSD
by TommySantosCrypto
2