Wyckoff accumulation followed by iH&S i am short term bullish on BTC, stop loss in case things go south.
Wyckoffaccumulation
BTC Wyckoff Accumulation Pattern During this accumulation period, i've been studying wyckoff accumulation pattern. By now i personally think that i have enough data on the chart to confirm this pattern, though i could be wrong. If this theory is correct we should be heading towards the SOS (Signs Of Strength) area and likely heading upwards to the 0.702 fib level.
Between the 0.618 and 0.702 fib. level is a decision time area for btc imo. It is where price will decide if we gonna go set a new ATH or are we just doing a retracement rally before heading back down. In my opinion bulls will win and btc will hit that 75-90k target area this bull run.
Right now we seem to be having a short sqeeze.
I am not a financial advisor and non of this should be taken as a financial advise.
BITSTAMP:BTCUSD
BULLISH: BTCUSD 4h. Update on Wyckoff's Accumulation PhaseHi everyone,
Thank you for considering reading my idea.
We have been following this pattern since 30th of May . In this new chart, we recently have our " Test " signal then pumped to our resistance lines.
For the first time, we have entered PHASE D ! We may find resistance at 40K and see a minor correction up to 37K before, hopefully, we break the resistance lines to see our Sign of Strength (SOS) signal! Once we get this signal, we will continue pumping and enter the Markup Phase .
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
BTCUSDWhat a great start of the week with BTC giving us such relief! Cannot say we are surprised, as we've called a ranging structure on BTC almost 1 month ago, and it has been doing just that eversince.
I know that the chart is a little busy but pay close attention to every small detail.
- See the range between 32k and 40,5k
- See the descending trendline on the 4hr
- See the support level at 35k
- See the targets at 46, 49, and 51k.
We've had a bounce from that 35k support and now BTC broke out of that descending trendline for the first time in 25 days!
THIS IS GOOD!
Now we expect a retest on the trendline, then break through 40,5k area, retest that again, and hopefully we see 46k within 1-2 weeks.
BTC/XLM following Wyckoff You can look at XLM as well and put the same points on them. XLM is cheaper and could be a potential play if it mimics BTC. Been buying around the 31-34 cent ranges for a play to the upside.
BITCOIN 😲 Wyckoff Accumulation??? 🐍🚀 Spring in Progress...BITCOIN -- Supply and Demand ⚔ Battle Continues! 😬
Bullish volume expands at the bottom of Trading Range $32,000.
(This was the "Hold the Door" moment in GOT. 🏋️♂️)
In the Wyckoff schematic, this appears to be the SPRING 🐍. Bullish volume has entered... bulls escape the death trap to $20,000.
Admittedly, "Phase B" went on longer than I thought it could and had me faked out thinking this was a failed Wyckoff Accumulation in my earlier post updates... 😅 but the SPRING move changes this battle of Supply and Demand. 😮
✅1) Flipped 1H - 200 EMA to Support
✅2) Bullish volume increasing as retail traders take long positions.
🟥3) Price needs to get to the $42,000 Resistance Line
🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🐍🔥🚀
ACCUMULATION PHASE A : BTC 1D Timeframe 2021/06/07BITBAY:BTCUSD
This chart analysis is simplified and gamed by previous success methods by yours truly. DYOR, take it with a grain of salt if matters of analysis conflict with yours.
Wycoff Phase A
Fundamentals
Widening spread on chart and selling pressure due to lack in news affected price action (1 of many catalysts) followed by AR (automatic rally); price will test supply and demand levels at SC level.
Institutional demand ensuing.
Manipulators by large stopping downtrend after fake out. Bubbles of distribution meeting a center in price action. Short-coverings included.
Summary
PS - Preliminary Support holds support in channel.
SC - Selling Climax too follow.
Key Notes:
Williams R% has aided in effectively predicted trend projections 10/10 times this quarter on daily time frames for me personally chart is not focused on this momentum oscillator but I do implore onlookers to gather reflections.
Gaining effective trend lines are merely encouraged by simple level tests.
Manipulators are neither conspiratorial nor fictitious. They vary in size, however institutional demand has existed since 2009. Concentration of manipulators are as natural as retail, some say slowly gaining equal and collective boundaries.
Thanks, be easy.
Potential ReAccumilation to the upsideSQ at first looked like a distribution but the Apr 13th high never went above the previous high on Feb 11th. I do see a potential false 1st spring on march 4th to the upside which didnt play out but there is another potential spring to the upside on may 19th that is slightly lower than the march 4th 'Spring" . I cant post a pic on here but if anyone else is looking at this let me know what ya think. Possibly this week we will get a better picture of the puzzle <3
BTCUSD Long: Accumulation Phase to end, & Bitcoin BullishBitcoin bulls in control.
Accumulate more Bitcoins and Hold , Trading Bitcoin futures not Advised.
OK, so ..... I have combined the Wyckoff Accumulation Method with Elliot Wave.
PLEASE NOTE: The Wyckoff Accumulation method is not yet COMPLETE but is still in Progress and on PHASE D we waiting for PHASE E to Confirm that the method is Complete. Refer to the Wyckoff Accumulation method for more.
According to the Wyckoff Accumulation :
We just entered Phase D after Breaking Above the Support Levels.
ABC Phases are complete.
Then according to the Elliot Wave:
AB = BC ( always a Flag/Flat ) @ Fib 100 - 1.236
FIB = 50 - 61.8
Wave 1 & 2 complete now on Wave 3( this wave when combined with the Wyckoff Method for Accumulation it is gonna have LPS created & SOS(after breaking above the Resistance levels)) then only after wave 3 has completed we will see wave 4 above the Resistance levels of the Wyckoff Method which for some it will be in a form of a re-test after break then after wave 5.
For some A Double Bottom has been created.
So start Buying/ Accumulating more Bitcoins.
See ya'll @70K and Above..
BTCUSD Wyckoff Pattern Accumulation ZoneI can sketch something and I follow like this! Not financial advise.
This is starting to look more like Re-DistributionI am comparing the re-accumulation zone back in January to now. Both the differences in the pattern and also the differences in the indicators.
Volume, MACD (the histogram portion) and RSI currently are showing weakness after showing a bit of strength which is the opposite of what was shown during the accumulation stage in January.
A point of interest on the chart is that the current support seems to have been the accumulation area below it in January as shown the chart.
Things that could change my mind is that there will most likely be a further decrease in price coming soon. If it can bounce once more and break back through the current descending triangle, with a retest, then it would finally have that show of strength that is missing now for an accumulation zone.
If the trend changes:
I would say a break through would target the 50 DMA which is currently cutting through the old support.
Another bounce area soon might be the 50 week MA (~29k) which may suggest that might be a potential spring area to retest the descending triangle once more and try to break over.
If the markdown does continue:
A complete breakdown could drop it towards the 17.5k area but never too clear on these. An overshot of any target before a bounce is always possible too.
Wyckoff distributions usually lead to another re-distribution area after the initial markdown in price. That is currently what I am seeing now unless things change.
Becareful trading out there as these times are meant to confuse and do the unexpected at least during the micro timeframes. One thing to add is even a breakthrough may not go far as the macro for BTC still is very negative.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
ETH USD Re-Distribution and Re-AccumulationThe purpose of this publication is to examine the ETH USD price over time in the context of Wyckoff accumulation and distribution schematics. It appears that we entered a period of distribution or re-distribution in early May with a buying climax (BC) observed on May 10. This event was followed by an automatic reaction (AR) and an upthrust (UT). Resistance lines are placed at the BC and the UT highs; a support line is placed at the AR low. On May 14, we observed a secondary test (ST) of supply and demand at price levels in proximity to the BC. On May 16, the ETH USD price descended below the AR support line and sign of weakness (SOW) was observed. Supply was now in control. The SOW was followed by a last point of supply (LPSY), a feeble rally in which the ETH USD price had quite a bit of difficulty advancing upward.
On May 18-19, ETH USD may have transitioned to Phase A of re-accumulation. With supply in firm control, the price was marked down considerably, found preliminary support (PS) and a selling climax (SC) was observed. The SC was followed by an AR. From May 20 to 23, the ETH USD price was marked down considerably, with the ETH USD price observed in proximity to that of the SC, which defines the ST. The ST dipped below the SC. Note the resistance lines placed at the high of the AR and the rally that followed the ST. Support lines were placed at the low of the SC and the ST. To the best of my knowledge, ETH USD is in Phase B of re-accumulation and its price will be observe in the trading range defined by the support and resistance lines. It is likely that the ETH USD price will test the remaining supply with the price observed near the support lines (Phase C) before being marked up in a sign of strength (SOS) in Phase D.
This is not financial advice. I am not your financial advisor. This is my opinion.
GBPUSD Weekly Chart Wyckoff Accumulation Events and Phases Hello Traders,
TGIF all!
I observed a Wyckoff Accumulation Pattern on the weekly chart of GBPUSD and I wanted to share the event and phases of Wyckoff schematics.
Wyckoff(1873-1934) was a pioneer in the technical analysis of the stock market. At the age of 15, he started his job as a stock runner for a brokerage in NY. He observed the studies of JP Morgan and Livermore at his time and he arranged their practices into his technique and made them a method to analysis the financial markets. His influential approach to the market helped him develop his work and he founded a school that became Stock Market Institute later.
Wyckoff analyzed trading ranges and the power of the break-outs from that trading ranges. He studied phases and levels of price that moves in harmony, hinting analysts estimated price targets in a pattern.
Phase A describes the end of the down trend. Up to selling climax , supply exceeds demand that caused drop in the price.
Phase B means building phase of price action. Market participants want to observe a cause to buy an asset and may want to observe how fragile the assets valuation. In that Phase, While observing the assets, participants interest is not only observation but also low prices. Race to buy at a lower price establishes a trading range and creates a wave between going up to resistance and down to support line until the observation on diminishing the volume on down moves of the price. Low volume on price drop means, supply starts to fall down while demand stills.
Phase C is the phase that asset price goes through a hard test with the remaining supply. As seen on chart, Spring or Shakeout is the level that price moves below the support level and quickly turns back into the trading range while skimming the cream of sellers. That's a bull trap!
Phase D is the phase that demand starts to exceed supply which moves price higher with heavy volume. We should observe the price at least move to resistance line of the trend line in Phase D!
Price leaves the trading range in Phase E and demand takes the control of the price. We can observe some small trading ranges which are in favor of the price increase.
Lets see how this will result. Wyckoff's methods are still applicable today and love to see his contribution to financial markets.
Hope you all enjoy my work!
Please leave a like and comment of what you think.
Trade safe and have a nice Weekend!
Wyckoff Accumulation campaign on $BTC ideaThis is a follow up of my prior idea of Wyckoff accumulation idea playing out on $BTC
I believe the previous charting I did trying to figure out what phase we're in at the moment was invalidated after watching the market move and considering volume performance as an indicator to better understand what major market players are actually doing.
I believe now we're still in the early Phase B, instead of the D as we just witnessed what I think is a spring event (marked on the chart) that put price below the low of the TR.
In the green box I've noted down some things to look for in the upcoming days or even weeks.
bitcoin Hello friends, I talked about a bitcoin theory similar to this chart before. Unfortunately, that theory has been cancelled, with the incoming 32,000 drop.
This was the last theory I followed. I have summarized the stages and the meaning of the movements for you below.
A: Signal that the downtrend is over
B: the cause generation zone for ascension (triangles/shoulder starts etc.) this phase is considered by the institutions as the position accumulation area. this phase is the long phase of accumulation. transitions to C phase after a quiet period
A: In this phase, the market is tested. The bear trap is set and they want to scare you with the start of trend towards support. In short, this is the last opportunity.
D: The bear trap ends and the resistance is tested. With the closing above the resistance, the buying phase is entered. This is the ideal spot for purchase.
E: It is considered as the low of corrections where the uptrend starts with the arrival of purchases. Big purchases usually come here...
SC Selling peak: The point at which widening spread and selling pressure usually peaks and where heavy or panicked selling by the market is absorbed near or at the bottom by the larger professional interests.
ST Second test: price revisits SC area to test supply/demand balance at these levels. If a bottom is to be confirmed, the volume and price spread should be significantly reduced as the market approaches support in the SC area.
Testing: Market makers always test the market for supply at key points. If a test reveals substantial supply, the market is often not ready to go bullish. A successful test (indicates further price increases to follow)
SOS power sign: Called the region where we could see a high volume price increase
LPS last support point: The lowest point of a reaction or pullback after SOS. The point that was resistance before turns to support.
In conclusion, this is an analysis approach. It may not do 100% the same moves. please do your own analysis and make your own commercial decisions...
You can write your criticism and comments under the share...
If you think the theory is correct, I would be glad if you share it with your friends and like the graphic :)
Of course, if you follow me, I would also be happy :)
Wyckoff Accumulation & 2-2 reversal STRAT off Buyers Candle D TF2-2 Strat reversal Daily off the buyers candle
Bottom of STRAT Broadening formation on the Daily
Declining volume-possible sign of whales taking supply out of the market
multiple retests
price above 9 MA with retest
above VP Point of control+ price imbalance areas in volume profile gaps
All the above = Long
Be Fearful when others are greedy and greedy when others are fearful
Bitcoin - A Wyckoff Cycle Study (Update)With the resumption of the correction in the last few days, I thought it was a great time to provide an update to the previous analysis of the Wyckoff Cycle and to focus in on what appears to be Phase B of the Accumulation period.
In this daily chart in the standard scale, you can see that I have adjusted the way-points of the accumulation template to fit with the price action, but I would note, that there is no timing predictability in this, as the implication is that this is the hallmark signature of market manipulation by larger money powers working to their own schedule. With that said, you can still appreciate that the price movement is still following the guidelines of the template reasonably well.
- see www.wyckoffanalytics.com
I have added two other features to this chart since the original posting, that I summarise for your consideration below:
the Pitchfork Channel - adapted from @TradingShot, it provides an excellent guide for the previous and potentially future trading range, until there is a breakout from the channel that is;
the Symmetric Triangle - defined the trading pattern for the prior period of consolidation; and
the Ascending Wedge - conjecture on my part for a possible structure of price recovery
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At this point it appears that we must fall below $30k for the Wyckoff pattern to be respected, and if you have seen my other BTC charts, you will know that I feel that this entire correction is an Elliott Wave 3-3-5 correction and that we are in the 5th wave of that final leg down, which also forecasts that BTC must (should) drop below $30k. Looking at the Fibonacci projections of this last leg down and they have not changed, but they do offer some interesting correspondences to the lines of the Pitchfork Channel that could suggest possible timings if the low is to touch on one of the lines.
It will be interesting indeed, to watch how price moves after (if) it makes a lower low and at what level it drops to.
Continuation of Wyckoff Accumulation on Bitcoin 1HAs we saw spring last night it seems that the price action is now forming an elliott wave where we are just at the top of the third wave. This top is supported by several other resistance, and previous support lines, in combination with .618 fibonacci retracement of the very first wave of the accumulation phase. In addition we are now, around 36.5k, trying to reclaim a key resistance level . I think it is not very likely that we will break this level at first try, therefore, I expect the price to decrease to around 35k and flip this into support. When this happens an increase to 38-39k can happen.
Elliott wave without the wyckoff
So BTC is in the Wyckoff Acc. Scheme(1) all along, whats next ?The 2021 bullrun rollecoaster of bitcoin is met with Wyckoff distribution Scheme and now an accumulation scheme.
Whats come next is as we got the big jump after the spring, we will soon consolidate for a while before retesting the previous resistance at around 40k
Then, after breaking said resistance we will have the second consolidation that will last longer as the schematic suggest, before retesting 48-50K to then continuing the bullrun
BTC Wyckoff Accumulation to 51kBTC has corrected more than 50% over the last weeks and many are calling for 20k targets. When everyone screams an asset will move in a direction it eventually turns and never gets to the price everybody thought it was headed. This time likely won't be different.
Apart from that, one can spot a Wyckoff Accumulation pattern currently playing out. It'll be interesting to watch how Bitcoin moves in the coming days. I wouldn't be surprised to see a break out off the 30k-42k range in the next weeks.
The Wyckoff Method provides a good game plan for LTF, MTF, and HTF setups until invalidated.
On the FA side El Salvador just declared BTC legal tender and many other Latin American countries are said to be advocating Bitcoin too. Miners are migrating to renewable energy, Deutsche Bank warning of continued inflation over the coming years. Saylor buying 500m worth of BTC.
Take Solutions + Wyckoff Model - LongHere we come across Accumulation phase as specified in Wyckoff Model. As per the model one can take a long position in Take Solutions. The details of the model is described below.
The four stages of Wyckoff model (Accumulation Scheme) are: -
1. Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move.
At Selling Climax (SC) the intense selling activity slows down and comes to an end. But as the selling drops the price quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. While the ST often forms a higher low in relation to the SC, that may not always be the case.
2. Phase B
Phase B is the consolidation stage, in which the Composite Man starts accumulating the assets at its lowest possible fair value. During this stage, the market tends to test both the resistance and support levels of the trading range. There may be numerous Secondary Tests (ST) during Phase B.
3.Phase C
During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., he accumulates greater amount of shares. A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. In some cases, however, the support levels manage to hold, and the Spring simply does not occur. Still, the overall scheme continues to be valid. Incidentally in the above case we do not find a Spring.
*See the tremendous accumulation of stock as is evident in volume. However the price shows sidewise movement. The buyer wants to buy maximum shares in a slow pace without letting others know about it.
4. Phase D
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.
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. As of now Phase E has not started. Since we are at Phase D hope Phase E starts soon.
*Now we are in the accumulation phase.
Wyckoff’s Composite Man Principle – Relevant to above theory
The Composite Man,proposed by Wyckoff in reality, represents the big players in the market such as rich individual and institutional investors. He states that the Composite Man, in theory, acts behind the scene and manipulates the market to the disadvantage of the traders if they do not understand the market game. Conversely, it acts to traders’ greatest advantage if traders truly understand the market game. Wyckoff always wanted retail investors to trade just like the Composite Man who acts in the below mentioned manner: -
(i) Accumulation
The Composite Man accumulates assets before most investors. This phase is usually marked by a sideways movement. The accumulation is done gradually to avoid the price from changing significantly.
(ii) Uptrend
When the Composite Man is holding enough shares, and the selling force is depleted, he starts pushing the market up. Naturally, the emerging trend attracts more investors, causing demand to increase.Notably, there may be multiple phases of accumulation during an uptrend. We may call them re-accumulation phases, where the bigger trend stops and consolidates for a while, before continuing its upward movement.As the market moves up, other investors are encouraged to buy. Eventually, even the general public become excited enough to get involved. At this point, demand is excessively higher than supply.
For more information look in the comments.
