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Wyckoffdistribution

BTC Reaction at Re-Distribution Trading Range Upper BoundThe BTC price continues to be observed within a Wyckoff re-distribution trading range (to be confirmed or to fail) with the upper bound given by the automatic rally (ARa) daily high and the lower bound given by the selling climax (SC) daily low. The secondary test (ST) on July 3 had a Spring-like effect, catalyzing a very nice rally (+19%) that wicked above the trading range upper bound. I expect the BTC price to test the point of control (POC) around $20,472. Let’s see how the BTC price reacts at the POC (e.g., Will it fall through the POC support or reverse direction?). With regard to the Phoenix Ascending (PA) indicator (lower panel), upward momentum (Energy, grey) is diminishing. We will be observing downward momentum soon. The blue line at level 70 will provide support for the BTC price. Given the levels and likely trajectories of the blue and red lines, a steady, step-wise move down (similar to the reaction from June 26 through July 3) seems likely. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), upthrust after distribution (UDAT), preliminary supply (PS), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
8
Nasdaq 100 in Wyckoff Re-Distribution Trading RangeThe Nasdaq 100 index (NDX) price continues to be observed in a down trending Wyckoff re-distribution trading range. The NDX price broke the support of the previous trading range on Jan 18, 2022 and the downward price move was halted several days later with the selling climax (SC) event. Here I offer two scenarios for the future NDX price: (1) a bullish scenario, and (2) a bearish scenario. For the bullish scenario to play out, the NDX price needs to break the closing price on May 25 ($11,935), May 26 ($12,282), and May 27 ($12,665). Failure to do so would invalidate the bullish scenario. For the bearish scenario, the price would need to reverse then break the trading range support ($11,334). If this were to occur, the NDX would likely find support at around $10,500. Failure to break the trading range support would invalidate the bearish scenario. Given the strong positive correlation between the NDX and BTC, which can be viewed as a risk-on stock, Bitcoin HODLers will be watching these events play out with great interest. Happy trading! Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), failed upthrust (FUT), shakeout (SO), sign of weakness (SOW), upthrust after distribution (UTAD). This is not financial advice. I am not your financial advisor. This is my opinion.
NASDAQ:NDX
by Eightchains
5
Wyckoff Logic Supply and DemandGBPCAD Technical analysis Cause, re-distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.60951 & 1.57746 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 416 pips. SL 1.57459 Entry , sell! 1.55645 TP 1.51461 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
2
BTC LONG Until 21.4k / 22.3k then SHORT to 16.3k!I made a previous Wyckoff chart too early on and I imagine lots of Bears were expecting a dump a lot earlier than how it actually happened. Now we are at this point, the situation is very clear. I can see this whole dump has been circled around the Monthly close. Now sometimes, there will be an initial Bull trap pump on the Monthly close, so I won't be setting Limit orders at 21.4k because I could wake up rekt. I am aware this could take us to 22.3k. (Apologies, my 2nd red squiggy line should have drawn it to 22.3k) However a max of 21.4k here is also a possibility, before we finally dump. I will be Market ordering based on what I see on the 1 minute charts during these levels. I am currently LONG 20,680 with a TP of 21,390. Something tells me I won't be getting much sleep 1st-2nd July!
by reiiss7
3
BTC to Test Support of a Wyckoff Re-Distribution Trading RangeThe BTC price continues to be observed in Phase B of a Wyckoff re-distribution trading range. We should consider this a re-distribution trading range (to be confirmed or to fail based on market events) rather than a re-accumulation trading range as the BTC price has been in a down trending environment for the past 6 or so months. This Wyckoff re-distribution trading range (upper bound = $31,520; lower bound = $25,340) is interesting in that the price has spent the majority of the time in the upper portion of the trading range (green shading, lower boundary of the upper portion is given by the low of the preliminary support (PS) event). In most cases, the price would test the trading range support level ($25,340) several times as it moves through the range so, in this regard, the trading range is a bit atypical. That said, it appears that BTC will be testing the trading range support level ($25,340) soon as it already has broken support at the PS event and the BTC price is observed in the lower portion of the trading range (red shading, lower boundary of the lower potion is given by the selling climax low) in what might be a shakeout/sign of weakness (SO/SOW) event. This idea is consistent with the Phoenix Ascending (PA) indicator, given in the lower panel. I expect both the red and blue lines and likely the BTC price to continue on their downward trajectory. Note the low volume over the last week compared to the climatic volume observed at the PS and selling climax (SC) events. This tells me two things: (1) The BTC price is able to move downward through the trading range with relative ease. If the trading range support is to hold then demand needs to be observed. (2) As the beginning and the end of Wyckoff trading ranges are typically marked by climatic level volume, BTC will likely continue within this trading range. Significant bars, which help define important areas of support and resistance, are given by the blue shading. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), preliminary support (PS), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
2
Wyckoff Logic Supply and Demand EURCAD Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.37680 & 1.33910 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 789 pips. SL 1.36096 Entry , sell! 1.34197 TP 1.26250 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
Gold trading today, XAUUSD analysis and estimating targetDid you analysis XAUUSD today? Here's a Wyckoff scenario for Gold. We have a distribution schematic in 1h time frame. What is the potential gold price target? This is estimate target of Wyckoff distribution for taking profit of short orders above. So we have safe target at 1817.5 (for above positions). We're using P&F chart & measure movements. Today, we'd like to see a pullback to LPSY for new short entries. Let's see price action there. We measure movements to take profit and find new timing zones for next orders. Hope this post could help you make better XAUUSD analysis. Do you want to see more posts about Gold trading? --------------------------------------------------------------- * This is Pre-plan and an education post Our Gold's analysis based on Wyckoff method, Gann trading and price action. That means my view can change, depending on how the price will arrive at the level and what will be happening on the M5 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk. * DISCLAIMER We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage. * Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:XAUUSDShort
by UnknownUnicorn38787683
GBPUSD possible distribution next weekWe've been bullish with GU since mid-may. Now the price is reaching 1.27-1.28 area possibly forming a distribution structure. Once we'll have reached that supply area, we'll be looking for SELL opportunities, but only after the price gives us signs for that (Break of Structure to the downside), pull back to the area and then entry. However, if the price goes above our supply within the next few days, we'll stay bullish, with the outlook for BUY opportunities. Only time will tell. Safe trading everyone!
Short
by GibsonTrades
EURUSD possible upcoming distributionEU is reaching a significant daily resistance zone between 1.08 and 1.09. If it manages to reach 1.085 we can start seeing some more signs of potential distribution here (+fib 0.618-0.786 area confirmation). After that we'll start looking for SELL positions (preferable once we've broken the upcoming structures to the downside). If that happens we can see the price reaching 1.066 (or a push to 1.055 is also a possibility) in the upcoming weeks. However, if we'll see a strong momentum breaking 1.085 and going higher, this setup will no longer be valid and we'll start to look or BUY opportunities. Happy trading!
Short
by GibsonTrades
BTC in Phase B of a Wyckoff Re-Distribution Trading RangeIn my previous publication, I opened a long position at what I thought at the time was a selling climax (SC). My analysis was incorrect, as what I thought was a SC was, in fact, a preliminary supply (PS) like event. The PS is known as the first concerted attempt to stop the down trend. Lesson learned. Nevertheless, the BTC price has entered another Wyckoff re-distribution trading range, which is to be confirmed or to fail based on market events. We are in Phase B as we’ve observed the SC and the automatic rally (ARa). Therefore, I’d expect the price to test the lower boundary of the trading range in the form of a secondary test (ST). This idea is consistent with the Phoenix Ascending (PA) indicator, given in the lower panel. I expect the red line to be rejected near level 50 then turn back down and for the green line to continue moving downward. The energy fall below 50 soon, indicating downward pressure on the price. Significant bars, which help define important areas of support and resistance, are given by the blue shading. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), upthrust after distribution (UDAT), preliminary supply (PS), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
13
Wyckoff Logic Supply and Demand EURUSD Technical analysis Cause, re-distribution, equilibrium sequence between demand and supply between quotas, supply zone 1. 05916 & 1. 04703 demand zone . Supply is greater than Demand! Implications, bearish! Pattern Drop base Drop! The effect generated by approx 170 pips. SL 1.05346 Entry, sell! 1.4040 TP 1.02350 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
WYCKOFF LOGIC SUPPLY AND DEMANDAUDJPY Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas, supply zone 94.346 & 90.744 demand zone . Supply is greater than Demand! Implications, bearish! Pattern Rally base Drop! The effect generated by approx 500 pips. SL 92.084 90.528 Entry, sell! TP 84.895 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
1
Bitcoin 4H range. My thoughtsBitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs). Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more higher high before topping out and moving lower. Now whether 37k gets manipulated first or 46-48k I have no clue tbh but it makes more sense for it to move up to the daily supply before going down to tap the lows at 36k and later 30k. So if I had to choose, money is on 46-48k first then 37k. Now do with that information as you will, and as always, gl traders! NOT FINANCIAL ADVICE!
COINBASE:BTCUSD
by SpaceBlobb
2
Wyckoff Logic Supply and Demand GBPUSD Technical analysis Cause, RE-distribution, equilibrium sequence between demand and supply between quotas, supply zone 1.23805 & 1.2275 demand zone. Supply is greater than Demand! Implications, bearish! Pattern Rally base Drop! The effect generated by approx 300 pips. SL 1. 24628 1.23349 Entry, sell! TP 1.2000 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
Wyckoff Logic Supply and Demand NZDUSD Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 0.65386 & 0.64141 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 246 pips. SL 0.64953 Entry 0.63459, sell! TP 0.60996 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
Wyckoff Logic Supply and Demand NZDJPY Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 86.986 & 84.194 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 200 pips. SL 83.060 -MOVE POZITIVE TO BRAKE EVENT! 83.190 Entry , sell! TP 81.031 ⭕ = circle ⏹ = square 🔺️ = triangle Unit = ⭕ market Polarity = 🔺️demand & 🔻supply Equilibrium = ⏹ range ("the ratio between supply and demand is =") PRINCIPLE OF DEMAND AND SUPPLY The law of supply and demand - here the analysts study the relationship between supply and demand , having as a reference point the price and volume over a period of time as shown on the chart. KEY DEFINITION The law of supply and demand is of the utmost importance. If the application to buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies) is higher than the available supply, the only way the demand can be met is for the price to rise to a level that attracts enough supply to match demand. When this point is reached, the price does not advance. If the offer to sell is higher than the demand to buy, the only way the supply will be absorbed is as the price drops to a point that attracts enough demand to absorb all the amount. When that happens, the price doesn't go down.
Short
by HoratiuBogdan
BTC Short Near Trading Range SupportThis chart builds on previous ideas I’ve shared regarding the BTC price action since October, 2021. In a previous publication, I stated that we likely had observed a shakeout (SO)/sign of weakness (SOW) in potential Phase D of Wyckoff re-distribution. I presented a scenario that would confirm my idea (solid red line). According to this scenario, we would observe a last point of supply (LPSY) event followed by the price breaking the trading range support to the downside. I presented a scenario that would disconfirm my idea (solid green line). According to this scenario, we had observed a SO/Spring event, which would be followed by a sign of strength (SOS) rally. The price data from over the last 12 days seems to confirm my idea of stepping-stone BTC Wyckoff re-distribution. Given the observation of a likely LPSY, we may open a short position near the trading range support (approximately $41,000) or at the present price. The take profit targets are at the next support levels; specifically, $37,400 (-5.4%), $33,700 (-14.4%), and $29,900 (-25.2%). The upper and lower boundaries of the trading ranges are given by the solid black lines and black dotted line. Significant bars, which help define important areas of support and resistance, are given by the blue shading. The blue arrows point to volume spikes. Wyckoff abbreviations: automatic rally (ARa), automatic reaction (ARe), buying climax (BC), secondary test (ST), upthrust (UT), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SO), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). The Phoenix Ascending (PA) indicator by @WyckoffMode is given in the bottom panel. The projected path for the red relative strength index (RSI), blue least squared moving average (LMSA), and energy (E), are given by the red, blue, and grey dotted lines. This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
8