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Wyckoffaccumulation

Bitcoin is heading northSince the last week of februari, the bitcoin price was ranging between ~$45000 & ~$52000. Now we see the price broke out of the range. What's next? First i want to talk about what actually happened Because i spotted something interesting. We where trading in a range, and at the same time price was forming a Wyckoff re-accumulation schematic. (in my opinion) - Price formed the Range low --> Sellers climax - Price formed the Range high --> Automatic rally - Price made a daviation of the range low --> Spring Price broke out above the range!? This could mean that: we are going to see SOS (Sign of Strength) following the wyckoff. Wich is falling inline with: long opportunities at the former range high. But if the bulls can build a lot off momentum, we might not see the test of the range-high! My conclusion: I think the bulls are ready for a next leg up. I'm aiming for ~$66000 Thank you for checking my analysis! Do you have tips or other comments? Tell me please! I'm open for feedback!
BITFINEX:BTCUSDLong
by stannieb
BTC Wyckoff Accumulation Pattern In Formation ?As we are still in an early stages of correction it is very hard to say what we are forming right now. But it just caught my eyes that we could be forming something like a wyckoff accumulation pattern which usually consists of 7 main crashing waves and also forms a lot of times. If that theory holds we could be forming a 5th wave right now, but who knows. Will see. I am not a financial advisor so don't buy anything that a say. Have a good one. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
1
EOS Accumulation Zone Complete / Result: Effect Stage CommenceHi Everyone, It appears EOS has now completed its accumulation in respect to the Wyckoff Theory. Rhyming to the rules of Wyckoff Theory, we can see the Accumulation (Cause) now reflecting the strength of the buyers and pushing the price above the zone to represent reversal of the trend which should now have the health to make new highs (Effect). I Personally have a target of around the 1700-1800- Satoshi Range which is a potential 80% profit. Other supporting factors include: Volume: High (we haven't seen this peak of volume in 3 years) Candles: Weekly Candle showing the buyer strength as consistent wicking of the weekly can be observed in favour of the bulls EW: From peak of 2018, ABC wave correction complete with wave C extended 5th wave 1.618 showing exhaustion. Lets see how this one plays out. Please follow for further updates and other Crypto trades . Please note this is not Financial advice and DYOR as always. Thanks, Husky.
Long
by Husky2795
2
Goofed by what I thought was distributionSo.. PLANS CHANGED! Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-. Now, I'm seeing re-accumulation. Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action. GBPUSD RE-ACCUMULATION ON 4HR GBPUSD BULLISH BOS ON DAILY With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.
by JaquiQuill
Tilray Long OpportunityHere we have some important market structure levels indicated, as well as a long target. Also indicated are three identical market structure levels with matching volume profiles - albeit on different time-frames. Since I don't routinely trade stock, I'm not completely clear on when this target should be reached, but based on the point in the market cycle, I'd say things should be looking up preeetty soon. This is purely technical and market cycle driven. I don't do fundamentals, and as far as I know, many people still see tilray as overvalued based on mcap. obv. some accumulation takes place first.
NASDAQ:TLRYLong
by bright_infinite