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Wyckoffaccumulation

Has This Happened Before?Without a doubt. Over and over and over again. This has happened throughout the entire Bitcoin run, going back years. Basic, proven market tenets and strategies withstand the test of time, and when someone can identify them, there's potential for bigtime profit. If you have read my previous posts, you know that I'm tracking a Wyckoff Accumulation phase that is encapsulating a Falling Wedge pattern. Accumulation phases are used by Market Movers to force weak hands to panic sell their positions so that they can soak them up at cheaper prices. When these movers have squeezed the sponge of every last drop, then we begin the Markup phase where prices climb, and money is made. But we do not have to speculate if Wyckoff Accumulation is a real thing. Despite being a tried and true strategy for decades in the stock market, a quick scan of past Bitcoin price action shows history repeating itself over and over. I'll show you. Current Accumulation Pattern Accumulation - November, 2019 Accumulation - June, 2018 Accumulation - March, 2018 And so on, and so on... Keys to Making Money in Crypto Strip Out the Emotion - The market doesn't care about our feelings. Find the patterns, look at the data, make decisions based on that. Stop Trying to Get Rich Quick - Pump and Dumps are scams. Don't GAMBLE in Crypto. INVEST. Learn the Patterns - Learn solid Technical Analysis. What are the candles telling you? What are the patterns telling you? Don't worry about what the YouTubers are telling you. Their motivations are different than yours. Trade Like the Whales - Learn what Market Movers are thinking, and move when they move. Market Psychology is designed to make you sell when you're supposed to buy, and buy when you're supposed to sell. Implement Risk Management - Don't invest more than you can afford to lose, and protect your positions with stop losses. ****** 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 .
BITSTAMP:BTCUSD
by TommySantosCrypto
6
Bitcoin Testing Key Support Right NowAs expected, Bitcoin dropped overnight to the top of the Walling Wedge it rode in for what felt like years (it was really a couple of weeks). It's wicked down into it, so we'll see if it holds. RSI is right smack in the middle, so it has room to run either way. Check out my previous post for a breakdown of the 2 things I'm looking at over the next day or so. ****** 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
BTCUSDT 4h, Wyckoff accumulationm, bearish days may be ending?!?This is update of previous idea, so please take a look at related ideas for more information and follow us to be informed of idea updates. 🙋 Please let me know what you think. 🚀 If you would like to be kept updated, please follow us. 🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. 🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by golden_day
2
Bitcoin Holding Steady Above it's Falling WedgeThe crypto market as a whole had a great day today. We all breathed a sigh of relief when Bitcoin FINALLY DID SOMETHING DIFFERENT. And for those that have been paying attention you'll know that Bitcoin continues on its Wyckoffian Accumulation pattern, having finally broken out of both its Falling Wedge and the lower resistance that makes up the Trading Range. As of the time of this writing, we're seeing a slight pull-back, more than likely to test the top of the Falling Wedge - a Wedge, by the way, that most YouTube cryptoers hadn't even acknowledged until they needed a bullish signal to justify the breakout to the top, when they were scaring their viewers of an impending dump to the 20k's. I like to take things one step at a time. So for the next day or so I'm not worrying about 40K or 50K. I'm laser focused HERE: This is where we live for the next few hours. Everything else is noise. Does Bitcoin respect the top of the Wedge as support and continue up? If the answer we get is no, then the next area I'm looking at is this: Does Bitcoin respect the top of the Accumulation Trading Range? If the answer we get then is no, then we look for the bearish scenario and a dump down below 30K. And while I don't believe this scenario will play out, remember that Accumulation is an intentionally executed strategy. A euphoric (albeit small) pump to the upside has massive psychology behind it after weeks of boring sideways movement. It is reasonable to believe that Market Makers would use that and then dump the market to incite a final panic sell. So be careful, and remember that dips are not scary. Dips are where wealth is made. 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.
BITFINEX:BTCUSD
by TommySantosCrypto
BTC/USDT Wyckoff accumulation perfectly in play 4hThe current pullback for Bitcoin so far mirrors perfectly the Wyckoff accumulation pattern. We are currently in phase C where we recover before the next consolidation in phase D. Hopefully you will get a bit more confidence again after reading this. Phase A: The downfall where we see a short stop at previous Support (PS) around 43k. Breaking below did lead into a selling climax (SC) down to 30k. What follows is the automatic rally (AR) back to 41k where we did meet the 0.3Fib line acting as new resistance. Finally we see the secondary test (ST). Phase B: Moving between the consolidation range 30-40k. Phase C: It seemed we found the bottom around 30k but as often many people get shaken out due to the so called spring that breaks through the support at 30k just to come right back above it. After this we get the test at 30k again and see the support again. People are getting more confident again that this was the bottom and start investing again. Phase D: Relieve rally back to the 40k level. We get a test at the last point of support (LPS), back up (BU) and sign of strength (SOS) which indicate a breakout to the upside. Phase E: Going for new ATH. Model idea is taken from here: phemex.com Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, white and pink lines are 200MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Wyckoff – Have the Spring been reached?An update to the Wyckoff Chart, adjusting the pattern for the past few days of price action that has seen Bitcoin break to new lows, recover and then fall to retest the low zone. This looks like a text book structure for Phase C of the Wyckoff Method, and if continuing to hold to this pattern, we should see Bitcoin begin its rally to new highs starting from here. However , I still feel there is a likelihood that the bottom of the spring might not have been reached. For instance, I have a very hard time confirming that there is a 5-wave count to the bottom of the Spring and there seems to be persistent weakness, with the MACD looking bearish and a firm rejection at the 20MA that delivered a bearish engulfing bar. On top of that, the recent low has fallen short of both the correction projected from the Head & Shoulders pattern and the Fibonacci retracement for wave C…while there are still signs of weakness. Perhaps the lack of a bullish reversal signal, or the prevalence of bearish indicators doesn’t matter in the world of Wyckoff price manipulation, but I am cautious here that the Spring has not yet been reached and we could still see a brief but sharp move to the downside. So I think I am bearish while price remains under $35k.
COINBASE:BTCUSDShort
by Crypto-Swing
45
Wyckoff Accumulation Phase for BTCBTC has been trading sideways and it found a bottom after a huge drop from 59500-ish. Then it was bouncing between two major support level 42K and 31K and started to form the famous Wyckoff Accumulation Phase, recently on the 22nd of June we formed a Spring , and now we are in the Test ing phase if the test succeeds we should slowly but steady start to march toward the upside and after LPS (Last Point of Support) at 35K, and then if we go above 42K it's a SOS (Sign Of Strength) and if we make solid support there we should be ready to continue to the uptrend. Resource: medium.com
Long
by Andr0iDD
2