NZDCHF Wyckoff Method PredictionEducational
If you are following, please do proper risk and money management
I have been analyzing NZCHF for one month and found that it's creating a Wyckoff Distribution Schematic.
We need to wait until Phase C is completed.
You can follow this analysis if you agree and for short entries in the near future.
Please hit like and share if you agree with my idea or comment your thoughts related to it.
Thanks
Wyckoffdistribution
wyckoff distribution, retracement of the parabolic rallythis is the add for my other bigger picture.
we have had an buying climax, indicating the high. than we had a automatic reaction to the lower range. than the second test to the high didnt make it,
this is the first sign of weakness, also making an lower high. we came down to the bottom of the trading range. this gives the confirmation of distribution.
than we had another sign of weakness. at the moment we are in the fake rally of the last point of supply. than we come down.
wyckoff distribution, retracement of the parabolic rallyhi guys,
we are about to correct from the parabolic rally. there is a distribution scheme between 17200 and 18400. i pointed out three target point.
the all coincide with the fibs retracements. at all of the three targetpoint coincide two fib lines at the same price. confluence in the market.
the last targetpoint would end at 618 level. this is the golden zone. also this is the area of the previous high of the rally of next year. i think i will be a steep and fast
correction so the trend continues to all time highs in the beginning of next year.
BITCOIN 😒 Wyckoff Distribution 👎 Short term pullback...⛔️ Very short term bearish action in the middle of a parabolic uptrend.
Volume has not been supporting any bullish price moves... but volume has been supporting the bearish price moves on the 15-minute timeframe.
🚨 Personally, I would NEVER short Bitcoin while it's above its 200 Day Moving Average. This is for information purposes only.
💚 I'm looking to accumulate on the dips!
Wyckoff's Distribution pattern in GBPUSD!*!*! Last point of Supply !*!*!
This is a Wyckoff's distribution pattern. It is at LPSY which is the last point of supply and our target is 1.3075 which is 90 pips target. It will move in lower lows and lower highs formation.
1.3075 is a good area to buy but first, we will look for any type of confirmation to buy after it 1.3075.
Good Luck!
Wyckoff Distribution Pattern on BITCOIN?!So this is just following a very basic Wyckoff schematic to BTC current price action. usually we see these break down, with I believe a great short entry if we get a 1/4hr close back inside the range with a TP at the bottom then take another if we fall out. Play these with caution and remove bias as we may just put in a spring and this would actually be an accumulation pattern. But so far looking like a text book distribution looking very similar to a lot of the formations we've been seeing on smaller timeframes for BTC for months now!! Definitely something you want to familiarise yourself with, can be an extraordinarily profitable tool to have in your arsenal upon early identification of these ranges! Obviously I have no idea how price will continue from here it could go on for even longer, it could just capitulate and fall immediately so my line don't take as gods word please hahahaha! Just giving an example of how it could play.
BTC Wyckoff Distribution RoadmapNEXT STAGES:
1. Sign of Weakness @ 11100, range low support
2. Upthrust After Distribution @ 11900, H&S distribution resistance. Also parallel ascending channel TL resistance
3. Distribution, LPS, and Major Sign of Weakness at key S/R of 10750
Textbook Wyckoff Distribution so far. Check out this link to a schematic:
www.google.com
Chart would form a broadening wedge as it evolves and the HTF RSI bearish divergence on the 12H/D would get to play out in time.
LINK- Massive distribution nears the endAfter the massive distribution and deep correction ended at fib 61.8 and EMA 200, it seems that LINK's buying pressure has returned.
I expect another re-test in the demand zone after the price reaches the supply zone because BTC is still short-term to mid-term bearish.
EHT/USD - 4h Wyckoff analysis, RSI-14 supportedDear Everyone,
I tried to do some Wyckoff analysis, supporting RSI-14 indicator. As RSI shows overbought and oversold areas, that could be much helpfull in recognizing the accumulation and distribution phases. And... indeed that seems to be is helpfull.
Best regards,
Paweł
BTC: A Strong Case for Wyckoff Distribution - 2020This is literally textbook Wyckoff Distribution. I urge you to make your own decisions and google "Wyckoff Distribution Schematic #1." Compare what I've charted to the classic schematic. They are nearly identical.
In other words: we are headed down. Significantly and severely down. Good luck!
See you for The Great Bull Run in 2021-23.
And beware:
"...a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move. Aggressive traders may wish to initiate short positions after an UT or UTAD. The risk/reward ratio is often quite favorable. However, the "smart money" repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY."
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
Gloves Index entering distribution phaseWe opine that the gloves sector based on cumulative performance of Kossan, Hartalega, Topglove, Rubberex, Supermax and Comfort, is entering the distribution phase and already finished all compulsive wave for short term cycle.
This is only invalid if it breaks the ATH.
Strategy : Identify Buying Climax, BOR (Buy on Reaction). Sell at ST.
Will monitor closely.
Bitcoin: Wyckoff Distribution Theory Explained 1H (Aug. 14)X Force Global Analysis:
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In this analysis, we explore Bitcoin's hourly chart through the Wyckoff Distribution Theory.
Readers can refer to our previous Wyckoffian cycle theory below:
Analysis
- Wyckoff’s theory is guided by the fact that every change in the market is made up of waves of buying and selling that will go on as long as they can attract a following. Essentially, it's about understanding supply and demand at overbought and oversold regions for a breakout or a break down.
- Distribution is the process of distributing (selling) an asset at the desired (best) price over a time period.
- This is the direct opposite of accumulation where the market participants are looking to secure an asset at the lowest possible cost.
- Typically we see periods of distribution after uptrends.
- Distribution happens when an equilibrium has been reached in price after an uptrend, where price stalls and begins to form a range.
- After an uptrend we’d look for signs of distribution or reaccumulation.
Terminology
- PSY (preliminary supply): This is 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): This is the point 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): The point 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 upthrust (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): A point 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 Bitcoin; 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 (upthrust 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.
Market Sentiment:
Long short ratios remain dominantly bullish at 69 to 31. The Crypto Fear and Greed Index is at 75, Greed.
What We Believe
Based on the Wyckoffian Distribution Schematic and the confirmation provided by the trading volume, we believe that a retest of 10.5k is highly likely to take place, especially given that Bitcoin has broken down from its rising wedge structure.
Let us know what you think in the comment section below
Trade Safe.