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Wyckoffmethod

Wyckoff Logic Supply and Demand BTC TF-H4 technical analysis Today on 16.07.2022, the price at which bitcoin is traded is 20605 USD. Approximately 4 weeks the price action is in a period of consolidation that is between the quotas; * 21606 USD upper limit (supply zone) & * 17599 USD lower limit (demand zone) We also have an elliott wave sequence with three impulsive waves and 2 completed berish corrective waves. The initial cause was the redistribution consolidation area between the quotas with; * 45843 USD upper limit (supply zone) & * USD 33100 lower limit (demand zone) Conclusion The general sentiment is predominantly depreciating. But the consolidation area between the quotas * 21606 USD upper limit (supply zone) & * 17599 USD lower limit (demand zone), plays a crucial role that can bring about a change in the direction of depreciation. From the point of view of logical wyckoff analysis, on TF-H1 we are in a consolidation sequence after a depreciation trend with the formation of the cause that passed from phase A with the change of character from the down trend in a consolidation structure and transition to phase B of the campaign. It remains to be seen whether this campaign is one of accumulation that will have an implication of appreciation or redistribution that will have an implication of depreciation of the Bitcoin asset.
GEMINI:BTCUSD
by HoratiuBogdan
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
Wyckoff Logic Supply and DemandAUDUSD Technical analysis Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 0.72650 & 0.68297 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 460 pips. SL 0.69269 Entry , sell! 0.68155 TP 0.63476 ⭕ = 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 DemandEURUSD Technical analysis Cause, re-distribution, equilibrium sequence between demand and supply between quotas , supply zone 1.07903 & 1.03509 demand zone . Supply greater than Demand! Implications, bearish! Pattern Drop base Drop! Effect generated by approx 260 pips. SL 1.04734 Entry , sell! 1.02844 TP 1.00251 ⭕ = 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
4
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
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
Wyckoff Logic Supply and DemandEURJPY Technical analysis Cause, re-accumulation, equilibrium sequence between demand and supply between quotas, supply zone 140.050 & 134.802 demand zone . Demand is greater than Supply ! Implications, long! Pattern Rally base Rally ! The effect generated by approx 378 pips. SL 140.410 Entry, buy! 142.070 TP 147.000 ⭕ = 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.
Long
by HoratiuBogdan
Wyckoff Logic Supply and DemandCHFJPY Technical analysis Cause, re-accumulation, equilibrium sequence between demand and supply between quotas, supply zone 136.247 & 131.987 demand zone . Demand is greater than Supply ! Implications, long! Pattern Rally base Rally ! The effect generated by approx 580pips. 1 SL 138.749 move to pozitiv 304 pips 1 Entry, buy! 135.729 1 TP 145.401 2 SL 137.902 2 Entry, buy! 139.575 2 TP 145.401 ⭕ = 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.
Long
by HoratiuBogdan
8
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