Wyckoffdistribution
Bearish GBPCHFMarked up a Wyckoff distribution that was created during the 10/08/21-13/08/21. This holds significance due to breaking the recent low structure from 21/07/21 which was a swing low of the bearish orderflow. Market is showing bearish orderflow all the way from the April distribution and hasn't been showing bullishness since. Daily timeframe also showing bearishness therefor my bias will be on shorting. Market has been showing bullish orderflow on the intraday 1hr-4hr time frame, but I think its working its way up to mitigate orders out of this schematic. This LPSY that initially created the price to exit the trading range of the distribution was created during NY session which shows me importance of this area. Found the most volumest up before the down candle on the 22 minute timeframe so I've measured 50-80% of this candle as shown by the blue horizontal rays. This is is where I will be looking to sell and have set alarms for warning. Will want to see a schematic play out otherwise will have limit set and the 80% and SL above the extreme of candle. Risking 8.7 pips to run it down 313 pips to the extreme low of the leg.
Bearish GBPCHFRisking 8.8 pips for 318 pips which is at the swing low of this bullish order flow. Playing this trade off a distribution that caused a break of order flow which is going bearish. Found my most volumest bullish before the bearish candle which appears on the 22 minute timeframe which signals the most action. It also takes place within the NY session. Let's be patient fam and this trade is going to be one for the books. Thank me later!
XAU/USD Gold Wyckoff Distribution!Gold has been in this sideways range for over a year.
What was considered to be a breakout that allowed it to touch the 1920 area, was indeed an Upthrust After Distribution, in my opinion.
Two more followed, and I'm already shorting and in profit, since about 1900.
See the chart for reference.
If you like this idea, like, follow, and consider supporting me.
Thank you!
TrickleDown FX
Gold distributionHaving targeted previous highs, gold managed to scoop up the buy side liquidity.
Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down.
With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down
Without a doubt price could go below the double bottoms but we target the candle that shook out buyers for our TP
Bitcoin – Another Wycoff Redistribution?Looking at the structure of the current chart, the pronounced price divergence and convincing rejection at $51k, and it looks as though there could be another Wyckoff redistribution in process and a brief correction towards $43k might be likely.
What do you think? Will it drop to $43k before lift-off?
:)(: The most unpredictable scenario by Wyckoff.Bitcoin Wyckoff Distribution.
PSY — preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC — buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR — automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR.
ST — secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an up-thrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR.
SOW — sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
LPSY — last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
UTAD — up-thrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance.
:)(:
Wyckoff Rune Futures (first post)
This is a 15 minute graph showing an illustration of a Wyckoff event occurring on the one minute time scale, the overall percentage drop from top to bottom was roughly 5%.
overall Rune usually moves similar to bitcoins trend on lower time scales but with higher volatility in price ranges, usually between 0.1 - 0.5% per minute.
I think the Cryptocurrency has potential, although it hasn't gained as much attraction as LUNA, C98. Its still in early times of some large moves due to 27% of Rune locked into Thorchains liquidity protocol.
Personally I have no analysis or real impressions over where i believe Rune could go from here, I just found the pattern to be very interesting. Hope you enjoy!
the time signatures are listed if you would like to plot the event yourself as I cant show the one minute time scale on the Ideas bored but interested to see if other coins have experienced the same event!
NZDUSD - Technical & Fundamental OutlookPowell’s comments fueled a knee-jerk reaction in the AUD/USD and NZD/USD, which means the rallies should be short-lived. Traders had to react because U.S. Treasury yields fell after the Fed Chairman’s speech.
Given next Friday’s U.S. Non-Farm Payrolls report, the U.S. Consumer Inflation the week after and the September 21-22 Federal Reserve policy meeting, the rally could come to an end if any of these events steer the Fed into an early tapering.
Over the short-run, we’re looking for the Aussie and Kiwi to basically track the movement in Treasury yields. A further weakening of U.S. Treasury yields will underpin the AUD/USD and NZD/USD.
Trade setup will be updated in my premium signal channel
ETH distribution 4HA small comparison between BTC top at 64k on daily and ETH now on the 4H
4H looks like a classic Wyckoff distribution pattern.
Support at ~2800 and ~2400.
Most likely it will make a bounce and then make a lower high and then dumping to 2400$. At least that is what the fractal suggests.
EURUSD Bearish.Placed sell entry on an unmitigated order block from a Wyckoff distribution schematic. Found the candle I wanted to work off and measured 50%-80% of most bodied bull candle before the big sell off candle, hence the blue horizontal rays. Stop loss on the 80% and entry point on the 50%. Market tapped entry perfectly while risking 3.2 pips for a 42:1 ratio run down to the swing low.
Potential BTC Distribution ZoneThe following VAs listed in the chart (left to right):
1. VA of current calendar year
2. VA of Wyckoff Distribution Top
3. VA of potential accumulation zone
4. VA of current and potential distribution zone
BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K.
Buyers were unable to provide a liquidity shake significantly below 30K; the demand for 30K LP was larger than expected. Market makers accumulated a decreasing supply in the bottom of 3rd VA. The POC for the 3rd VA is almost identical to the POC for the current calendar year and confidence was built for a short-term intermediate move with short liquidations providing more potential upside.
I still have concern without seeing any relatively significant selling volume within the 4th VA, but would expect to see this in the upcoming days with a move down to 40-42K. I believe seller's ultimately will be unable to stay in control above 50K and the market will see impressive supply from underwater positions. In the long term, this will provide a key order block in a future more impressive buyer demanding market environment. Currently, the landscape while technically bullish does not appear to have any support from institutional buyers; with GBTC still being sold at a discount and whale wallets not clearly building position on-chain. My assumption is market makers will try to move the market price of BTC into a more value friendly zone between 18-25K.
In an effort to keep myself accountable and level headed, I believe this pattern is invalidated with any break above 50K and either explosive volume with high spread or consolidation above the current (4th) value area- in the 2nd VA.
WYCKOFF DISTRIBUTION XAUUSDBeautiful real-time example of WYCKOFF Distribution happening currently with Gold.
1. PSY = Preliminary Supply
2. BCLX= Buying Climax
3. AR = Automatic Response
4. ST = Secondary Test under BCLX
5. SOW = Sign Of Weakness
6. LPSY = Last-Point of Supply (Usually PSY=LPSY***)
Wyckoff distribution is the Systematic selling by Institutions.
US30 POSSIBLE "SELL/SHORT" AND/OR "BUY/LONG" PLEASE READ!!!!Alright folks, just bare with me on this analysis as I think we are at such a pivotal point in the current state of our markets and economy. So lets begin, this idea at the moment will be posted as neutral.
From a Technicals standpoint, I am a trader that follows some ICT methods, along with Wyckoff and others work and combined it into my own Strategy. I play price as almost as if it is hunting for a play.
So on the Higher time frames I'm Recognizing:
SELLING SCENARIO:
FOLLOW BIG RED ARROW FOR SELLER SCENARIO
- An ICT SELL Model
- Price Broke Structure and is Retesting a Bearish Order blocl
- Reversal Candle on the weekly
- Every time Price Breaks a Higher high it is followed by severe distribution (A sign institutions are selling)
- We are also at the equilibrium of our last weeks range
IF PRICE SELLS/ Rejects on the 1-4hr TIME FRAME AT OUR BEARISH ORDER BLOCK:
- I will be looking to short to the imbalance between 34485 and 34285
BUYER SCENARIO:
FOLLOW BIG GREEN ARROW FOR BUYER SCENARIO
- Price Retested a very strong liquidity zone
- The Weekly close occurred above the area of liquidity Acting as a strong Base of demand that will move price bullish
- Really strong demand for price at a 34840 levels
- Price is still creating higher highs on the daily time frame
IF PRICE BUYS AT OUR Point of interest:
- I will be looking for the price to test this block as breaker block for buy entry to 35364
As always a look into fundamentals is very crucial while trading in confluence with your technicals:
Lets look at some previous weeks news/ Macro Economics price fluctuations:
- FED announced the tapering of bonds
- Gold has dropped over 1000 points (giving signs of deflationary period in our economy)
- COVID DELTA Variant is back, cases are rising
- High inflation in grocery prices and Gas
- Deflation occurring in some commodities
- Infrastructure Bill Passed
- Consumer spending reports show a decrease in consumer spending
- Retail sales down
All in all,its a must to keep everything in mind MY Personal "OPINION" is the markets will sell this week HOWEVER, MY BIAS WILL STAY NEUTRAL. AS HUNTERS, we might want 17 pointer but sometimes you get 12 pointer or baby deer. So As always stay blessed happy trading week Follow for more in depth analysis!!
Murtzaa Out
Wykoff Distribution! Potential Dump or Paranoia?I've been right and wrong before, but the recent pattern I am seeing with BTC looks kind of familiar. In the back of my head, I still have that 20-25k target. The recent pattern BTC has been making has me slightly worried as it oddly resembles a Wyckoff distribution, but on a tiny scale. Or perhaps it is just paranoia. Either way, not sure if I am betting on a dump yet, but I did set limit orders for my target lows. I have this saying where "the price you want always exists." My gut tells me 20-25k. When? I don't know, but I would bet it will happen eventually. I am not a bull or bear right now, just skeptical. Especially with how the world is turning out. Let me know your thoughts!
BTW check out my old ETH chart. Maybe I'm psychic??