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Wyckoffaccumulation

Bitcoin Wyckoff Accumulation Have We Seen the Ultimate Low?At the moment of writing we are testing the 36k as support, when this holds it is likely that we are not going to another lower low in the near future. The 36k is supported by two fibonacci retracements and has been tested before. If we hold support it is likely that we will try to reclaim 37k for this to be effective and succesful an increase in volume is needed. However when we fail to find support on the 36 it is likely that we are going for a revisit of the 34k which is supported by the First Support line fo Wyckoff. As I said in a late night update last night, it looked like the price was forming a bull flag. Which a few hours later go a fake-out since the break was not supported by any volume. However a few hours ago we go at break to the downside, this was supported by volume. The downside target of the flag is also around the 34k which, if we break 36k, would indicate another signal that the price would move to 34k.
BITFINEX:BTCUSD
by DaanVerbeek
4
Bitcoin Wyckoff Accumulation Last Point Of SupportLast night we failed to reclaim the 36k, this was an important level if we wanted to see some more upside. After getting rejected on the 36k (which was also a .236 and 0.5 fibonacci level) we fell down to test the first support level of the wyckoff model, at the time of writing it seems to hold. When this holds we could see a small increase in price but in the optimal scenario we would like to see a second test of the support before we go higher. Therefore I think that an increase in price towards the 21 and 50 moving average is likely (~35,200) this is also supported by the 1.618 of a larger trend extension*, followed by a small price correction to retest the First Support. However, when Volume increases during the approach towards the moving averages it could be that we break through them and see another test of the 36k. * 1.618 of the larger trend, here you can also see that the low of last night was supported by the 1.272 of a fib trend extension.
BITFINEX:BTCUSD
by DaanVerbeek
13
BULLISH: Bitcoin at Wyckoff's Accumulation Phase?Hi everyone, Thank you for considering reading my idea. In this 1h chart, we may be in the middle of Phase C and starting Phase D of the Wyckoff Method - Accumulation Phase. In Phase D, we should see sign of strength (SOS) in the market that should be HIGHER than the automatic reaction (AR) and with higher volume. We can also see that we are making a HIGHER HIGH but less volume On the other hand, I also have a macro scale analysis of Bitcoin using Wyckoff. See my related ideas below. If you want to know more about Wyckoff Method, read here: www.wyckoffanalytics.com Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
16
Bitcoin Wyckoff Accumulation Change to schematic #2In contradiction to what I was saying in my previous analyses Bitcoin made a pump last night after finding support on the golden pocket level of a fibonacci trend-based extension (.618- .66) and creating a low at the 1.618 of a trend based fib extension *. Due to this pump I think that it is less likely that the bitcoin price will have a spring, therefore, I changed my price predictions more towards the second accumulation schematic of wyckoff instead of the first one. When this hold the ultimate low will be created on Monday/Tuesday after this we would see increase to test and flip previous resistance levels into support. At the moment of writing the price is trying to reclaim the 36k, which in my opinion is not very likely at this point. If the prices gets rejected at the 36 a small downside move is more likely to happen, this also te prevent the creation of a large weekend gap on CME (which, most of the time, need to be filled before we can move any higher). If (4) holds in the schematic an increase to the .786 of the first wave can be seen. However keep in mind that there is potentially some more downside and that (4) can be extended to the golden pocket where (5) and (2) also held support or in the worst case scenario to the .786 at ~33,100. * The chart below shows the 1.618
BITFINEX:BTCUSD
by DaanVerbeek
6
BTC Wyckoff Accumulation (A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR. STB replaces the previous ST. If this is correct then it would seem that we are approaching the "SPRING" very much sooner at just below 28,000. Please comment on if you think this idea is or my previous idea is more likely.
by THE-GERA
BTC Wyckoff Accumulation This is my first time publishing an idea. I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images. I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn. From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC resuming a strong bullish trend after June. Please comment on changes you would make to key points corresponding to Wyckoffs accumulation schematic
by THE-GERA
Classic BTMM weekly cycle?The classic forex-like behaviour of BTC this week seems to continue playing out. Sunday/Monday: stop hunt rise and drop Monday: false move week beginning, a drop lower Late Monday to early Wednesday: continuous rise with small level test above / at Sunday stop hunt Early Wednesday: midweek reversal, top of the pattern Mid Thursday: second leg of the M Thursday/Friday: completion of the M, drop into level 1 Early Friday: continuation to the downside, level 2 and level 3 to be confirmed Should this play out, it also fits within a Wyckoff accumulation pattern on the daily, with the Secondary Test (the Monday stop hunt) being broken and a new low printed before a rise to test the high of the Automatic Reaction level at 40k-41k. Scary stuff.
Short
by mabonyi
1
Continuation Wyckoff Distribution on Bitcoin 1H is the low soon?As we can see the Wyckoff schematic still holds correctly, after getting rejected on the .618 (the second pink circle) last night we are currently testing the support of the .618 fibonacci retracement of the first wave (may 23rd to may 24th). This in combination with the support that was created by the low on 25th of May. If the support holds we could expect an increase towards the 0.786 retracement as a fourth wave. The current price of today is also testing the 1.272 fib trend extension. When this holds as support it will create another indication that the price is more likely to increase before we are going to see another low.
BITFINEX:BTCUSD
by DaanVerbeek
13