Bitcoin has formed a Wyckoff Distribution SchematicBINANCE:BTCUSDT is forming a perfect "Wyckoff Distribution Schematic #1"
$42,000 seems like a key level as it is the support area for the Wyckoff schematic and might be the daily 200 EMA . However, if it fails to remain above the $42,000 support area the next target could be the $30,000 key level as it's a static support line and might also be the daily 500 EMA .
Wyckoffdistribution
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern.
After recent price action, it seems that also the PA is following along.
Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation.
Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring.
Still very new into Wyckoff, so take all this with a grain of salt.
BTC/USD - Distribution or reaccumulation?Dears,
Classical accumulation and distribution phases on the market are often mixed together. Especially when bears do not end their supply when new bulls come in, not waiting up to the end of the supply. This phases, when in bulltrend bears start to supply and new bulls come in very quickly are called reaccumulation.
However, to recognizing the distribution and reaccumulation sometimes is very difficult. In half of the reaccumulation pattarns there is a strong difference: higher lows, however, in the other half of the patterns there is a lower low reacting like a spring for the price (and is also called a 'spring').
The one difference between all the accumulation and distribution patterns is, however, that the last point of supply (LPSY) is much higher that classical distribution pattern predict - is similar to last ponit of support (LPS).
We cannot predict the future. If bears would be stronger than bulls, than would be one more selloff (classical LPSY). If bulls would be stronger, than that would be classical reaccumulation. We will find out what will happen...
BTW, Please, observe the S&P500... If there would be a massive selloff at wider market, many inverstors and traders would realize profits from Bitcoin to either buy stocks opportunities or cover costs of levereages (incl. deposits refill)... or both... ;-)
I still hope this is only a reaccumulation and within one week we will go upside. Please, remember, in May Wallmart plans to go in Bitcoin (officially: for cash thansfers). As you could see, Bitcoin become so expensive in appropriate manner to ecourage the "bigger wallets" to go into without some repercusions of buying to cheap assets (overbought symptoms like liquidity problems and to high price movements).
Wyckoff Yöntemi CR Binance AcademyA Fazı
İlk faz, yerleşmiş bir yükseliş trendinin azalan talep nedeniyle yavaşlamaya başlamasıyla ortaya çıkar. Öncü Arz (Preliminary Supply (PSY)) satış gücünün kendini göstermeye başladığını işaret eder ancak halen yükseliş trendini durdurmaya yetecek kadar güçlü değildir. Daha sonra yoğun bir alım faaliyeti sonucunda Alım Zirvesi (Buying Climax (BC)) oluşur. Bu genellikle deneyimsiz tacirlerin duygusal alımlarından kaynaklanır.
Daha sonra, aşırı talep piyasa yapıcılar tarafından karşılandıkça, yukarı yönlü güçlü hareket bir Otomatik Reaksiyona (Automatic Reaction (AR)) neden olur. Bir diğer deyişle Kompozit Adam varlıklarını geç gelen alıcılara dağıtmaya başlar. İkinci Test (Secondary Test (ST)) piyasa yeniden BC bölgesine ulaştığında ve genellikle daha düşük bir tepe noktası oluşturduğunda ortaya çıkar.
B Fazı
Dağıtımın B Fazı düşüş trendinin (Sonuç) öncesinde oluşarak bir birikim bölgesi (Neden) gibi hareket eder. Bu faz boyunca Kompozit Adam kademeli olarak varlıklarını satar ve piyasa talebini absorbe ederek zayıflatır.
Genellikle, alım satım aralığının üst ve alt bantları defalarca test edilir ve bu süreç kısa vadeli ayı ve boğa tuzakları içerebilir. Piyasa bazen Alım Zirvesi (BC) tarafından oluşturulan direnç seviyesinin üstüne çıkarak Yükselme (Upthrust (UT)) olarak da adlandırılan bir İkinci Test'e (ST) sebep olabilir.
C Fazı
Bazı durumlarda piyasa, birikim fazının ardından son bir boğa tuzağı daha sunabilir. Buna Dağıtım Sonrası Yükselme (Upthrust After Distribution)(UTAD)) denir. UTAD temelde, Birikim sürecindeki Spring'in tersidir.
D Fazı
Dağıtımın D Fazı Birikimdeki D Fazının neredeyse ayna görüntüsü gibidir. Genellikle aralığın ortasında bir Son Arz Noktası (Last Point of Supply (LPSY)) yer alır ve daha düşük bir tepe oluşturur. Bu noktadan destek bölgesinin etrafında ya da altında yeni LPSY'ler oluşur. Piyasa, destek çizgilerinin altına indiğinde belirgin bir Zayıflık Noktası (Sign of Weakness (SOW)) ortaya çıkar.
E Fazı
Dağıtımın son fazı düşüş trendinin başlangıcını işaret eder. Talebe kıyasla arzın güçlü egemenliği sonucu alım satım aralığının belirgin şekilde kırıldığı görülür.
NZDUSD: 2 views, both bearishHi Traders,
This is my view on #NZDUSD for the next few days.
2 possible ways, both bearish but the first one on the touch of 0.78 Supply Area, the second one (the one I prefer) on the breakout and retesting of the Signal of Weakness on 0.70, which is close to the daily bullish trend line.
Thanks to my dear friend Richard Wyckoff ;-)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
Wyckoff distribution schematic for BitcoinHello, Dears
There is possible scenario for bitcoin is classic wyckoff distribution schematic :
Stages :
Preliminary supply: where large interests begin to unload shares in quantity after a pronounced up-move. 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.
ST—secondary test : in which price revisits the area of the BC to test the demand/supply balance at these price levels. supply outweigh demand; volume and spread decrease as price approaches the resistance area of the BC.
SOW—sign of weakness : observable as a down-move to (or slightly past) the lower boundary of the AR, occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the bitcoin: supply is now dominant.
UT-upthrust UT : bitcoin break all time high, but reversal after that, back into the distribution region.
UTAD—upthrust after distribution : here is the phase we are in currently, 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. Analogous to springs and shakeouts, a UTAD is not a required structural element: for the bitcoin pattern, may contains a UTAD (break all time high), may not, reversal before the all time high
and from the technical indicator, bitcoin shown some sign of weakness in momentum:
1. daily RSI divergence
2. Weekly RSI divergence
3. volume decrease when price going up.
some other signs may indicate the danger of this bull run:
1. alt pumping, even shit coins without fundamental
2. alts dominance (OTHERS.D) reaches all time high
3. DXY daily bull run trends forming, long term negative related with bitcoin price
Good luck!
BNBUSDT Wyckoff's DistributionHello Traders!
This is Wyckoff's Distribution Pattern formed in BNBUSDT. If we see by the perception of Wyckoff's method then the BNB is at the peak of UTAD and the pattern at the peak which looks like a bullish flag pattern mostly forms at the peak of UTAD which means the Market is about to fall now. We will see Lower Lows and Lower Highs before market breaks the SOW level.
Once it breaks the bottom we will look for a buy.
Don't forget to hit the like button to support the idea and follow to stay connected
Bear Case for NVDANASDAQ:NVDA Take a look at NVDA on the Daily timeframe. It had a nice consolidation at the top, that looks a lot like distribution. It had a failed rally and then started to come down and test support and then another rally, this time on lower volume which is where we are right now. I failure to hold support in the 475 range could be the break needed for the mark down. This is based off the Wyckoff theory of accumulation and distribution. A hold above 475 and a break of the green trend line would invalidate this thesis.
BTC 12h Wyckoff Distribution SchematicSharing this as a cautionary tale looking at the larger perspective on the BTC 12h. It appears to have printed the first ticks in the Wyckoff distribution pattern. It would take several weeks for this to play out, but remains a signal be be careful.
Interesting to note that ETH and LTC did not print this pattern as they did not get HH after the last major consolidation. Perhaps we could see again what we saw in 2017 with major ETH and LTC runs following BTC's decline.
Something I will be keeping an eye on over the next couple of weeks.
PLTR Wyckoff Distribution Model setupJust playing around, crowbarring the Wyckoff distro model into this and saw some interesting similarities which probably won't correspond to reality, but just putting this out there in case it does come to fruition. Personally I don't think the price will sustain under $20 and instead of phase E sell off it turns into an Accumulation Phase A, lets see!
I am long PLTR, I do not actively trade this, I just buy and hold like a good ape.
EURNZD H1 - SHORTA trade to look out for tomorrow. This will be a countertrend trade where prices are at a H4 resistance area.
Looking for a further push up, deeper into the zone before a breakdown and continuation move for a SELL opportunity.
Otherwise, wait for a true breakout and retest for next week.
BTTUSD - Wyckoff Schematic - Are Professional Hands in Control? Are professional hands in control? Is a distribution schematic forming?
The bullish pattern has been breached with BTTUSDC having been at an all time high.
I have 3 points of interest to re-enter at dependent on how things play out with my lowest being .002.
I am interested in holding this coin long term.
Look forward to any comments, thoughts!