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Wyckoffaccumulation

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
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