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Wyckoffaccumulation

TOTAL2 & *Completed* Wyckoff AccumulationBackground This post is based on the Wyckoff Method, created by Richard Wyckoff after he reviewed how "whales" interacted with macro stocks/markets. Lots of good information can be found here: school.stockcharts.com The specific Schematic we focus on here is found at: school.stockcharts.com Chart Analysis: It appears that TOTAL2, the Market Cap of Crypto Alt Coins, has recently completed Wyckoff Accumulation and is currently undergoing a Wyckoffian SOS or "Sign of Strength". If accurate, this would indicate that the Composite Man, the marionettist of macro markets, is leaving the accumulation phase and beginning his macro markup campaign. To illustrate the importance of this structure (the completed Accumulation), I've included one of my favorite examples: Bitcoin during late 2015. As can be seen, the structures of 2015 Bitcoin & 2018-2020 TOTAL2 are extremely similar. Additionally, while Bitcoin underwent its accumulation for ~8 months, TOTAL2 has spent almost 2 full years completing its pattern. Whether this will lead to a *more* significant markup than Bitcoin underwent (~100X from the lows) remains to be seen. This is, however, a reasonable assumption due to the length of time spent in accumulation. Some good questions to follow up on: 1) Are there specific Alts that match this pattern or do all Alts suggest markup? 2) Do only Alt/USD charts look appetizing through a Wyckoffian lens? Or perhaps Alt/BTC as well? 3) Are there examples of failed Wyckoff Accumulation? Should we be cautious? I plan on exploring each of these questions ^. Follow me on each of my platforms to keep up to date. Twitch @TTVCrypt0Jack TradingView Profile
BITFINEX:BTCUSDLong
by Crypt0Jack
2
Update - Is BNB ready for the next leg up?Hi traders and thank you for joining this Set-up update. My name is Shayan and I'm primarily a Wyckoff trader. We've been following the BNB price action Since Sept 1st, and boy has it been a great ride!! We are now at a scary level where the crypto market is susceptible to continue the bear trend. But since BNB has been leading, instead of a test of spring we have a test of Backing up Action (BU) In this analysis, I will once again take a step back and start at the weekly level to see how we've fared so far: On the bearish side: we could be having an analog of the 2019 price action, where we continue to push higher and then fail as an Upthrust (UT) On the other hand, if we soon create another trading range and absorb the supply + create a causality for the next leg up, we can go even beyond the $38 ATH! The Eliott Wave count below will show that we have successfully finished a 5 wave impulse, with wave 5 hitting the 1.618 Fib level of Wave 3 PA. This should make us ready for possibly a zigzag with a deep and aggressive correction with ABC structure. This idea is on board with the Backing Up action (BU) geometry of a Wyckoffian reaccumulation range as discussed in more details below: (this is the title chart) From the chart above we can see that we possibly have a trading range for the larger BU. The trading range would create the causality we're looking for for the next leg up And lower tests toward $28 or even $25.5 could give us more opportunities to buy low! The backing up action OF the backing up action will be my main entry! That's it for BNB, I'll be making an update for my LEND set-up next and a video looking at the crypto market as a whole in the next couple of days! Be sure to follow me in order to stay up to date with the price action :) If you liked my analysis or are following through, please give it a thumbs up! I put a lot of work in my analysis and your support will let TradingView know my articles are helpful! Good luck and till next time traders!
Long
by ShayanRastgou
2
(Part I) EUR/USD Top-Down analysis with Wyckoff and Elliott WaveHi Traders and welcome to this analysis. My name is Shayan and today I will be taking a detailed look at EUR price action vs. USD. I use Eliott Wave (EW) to better find out our location in the market cycle, and get a sense of possible wave counts, but my main focus is on Wyckoff based Supply and Demand Analysis In part 1, today, we will look at the monthly and weekly views to establish the long-term and medium-term trends, and we will study the daily and 4H PA in a future post in order to create multiple set-ups, so stay tuned! Let's start with a long term view of the market, starting year 2000: We can see a clear 5 wave impulse ending with the 2008 market depression. And the 3 wave correction that follows. As per EW guideline, the correction is bound within a corrective channel, and has traveled to the 0.236 Fib level of the preceding impulse Let's look at the correction in more details: There are two themes at play here: 1 - The corrective count: ABC created by a zigzag + a weak ABC (or wave X) before conception of new impulse + holding wave 2 of the preceding impulse 2 - We have hit the long-term target of a long-term classical formation (the apex) and have not been able to commit below this level (the blue ribbon) Both these themes are constructive and point to higher prices Now that we have an idea of the possible wave count, let's take a more detailed look using Wyckoff supply and demand analysis: (this is the title chart) This chart is annotated in sequence, so you can start with number 1 in the left side and follow the price action. As I mentioned in #7 above, there is a possibility that price resolves lower and created a Backing Up action (BU) at around 1.15 - 1.16. This could confirm the uptrend continuation or fail and test a lower level. Our targets are for now previous swing highs at 1.25 and 1.4. I will also add a PnF based target in the next article to have a more reliable metric for targetting! So that's it for today. Our long-term and medium-term trends are up, but short-term is not so clear yet. A test of lower levels is possible, or on a more bullish view, this could lead to a vertical absorption and skip the correction! If you liked my analysis or are following through, please give it a thumbs up! I put a lot of work in my analysis and your support will let TradingView know my articles are helpful!
Long
by ShayanRastgou
5
Litecoin's Sign of Strength is Near - Buy (Wyckoff Idea)The 30 Min Litcoin Chart from the previous fall looks very similar to a Wyckoff Accumulation Schematic. These Schematics Can be found on any time frame. I have marked every point that you would see in a Wyckoff chart. We're jjust waiting on the sign of strength to "jump across the creek" Maybe have a little shake out before the distribution continues. We're at discount prices, the volume continues to gte lower and lower. Find a dip and go long. Any Wyckoffian's out there have any input? COINBASE:LTCUSD
KRAKEN:LTCUSDLong
by BodiesXWix
1
LEND: Analysis and Trading PlanHi traders and welcome! Price seems to have made a base, at least temporarily, so I want to find good opportunities and post as many as possible for you folks. As you may know, Aave's LEND was one of the leaders of the previous leg up, so it's definitely worth paying attention to I've outlined the analysis on the chart as you guys seemed to like that style best. Make sure you start with number 1 and then go through the rest of the annotations. Now that you're caught up with Price Action (PA), let's take a look at possible price scenarios: The reversal action of the tests is where I would be buying. The green arrows would have the highest probability of a continuation but a more limited Risk:Reward That's it! I'll be posting updates as PA unfolds to keep you guys updated! Follow me to get updates as I post new analysis! Please don't forget to give a thumbs up and be sure to post your entries and ideas in the comment section below! Good luck and till next time traders!
LLong
by ShayanRastgou
Is BNB going to surprise us all next? Welcome back, traders! In this article, I've created a Wyckoffian Supply and Demand chart for you starting from the COVID-19 crash on BNB The chart is self-explanatory. Just follow the annotations starting with #1 The exchanges have had some very constructive reactions in this last sell-off which prompted me to look into BNB. I created a video looking at the character of this last move down in the Crpyto market, and exchanges showed lots of interest coming in! I'll like the post here , you can check it out to learn more! In addition, BNB is an infrastructure of the Thorchain system which is growing exponentially these days and their imminent Chaosnet launch could fuel a new wave of demand for the coin! Please like and use the comments section below to share your ideas and positions on BNB and the analysis above with the community! Your support means a lot :) Shayan
Long
by ShayanRastgou
2
EURUSD Accumulation According to Wyckoff Theory - In Phase CI've been studying Wyckoff's Smart Money Theory for a while. And after staring at the EURUSD chart it almost looks picture perfect to a Wyckoff accumulation chart. If there are any other Wyckoff students out there, please let me know what you think. I just made a play on the operator candle (The long play box is in the chart) )as this should go long right now according to his theory and just now having the second "Spring" on the chart. Would like to see if anyone else has a Wyckoff chart draw up for EURUSD? We've hit the Buyers climax, had the Automatic Reaction, the Up Thrust, two tests on the support line. Then the Up Thrust After Distribution (That's the signal that you're in phase C), then the Springs. Now we just need the jump across the creek. What does anyone else thinl? Thanks
Long
by BodiesXWix