Get started

Wyckoffmethod

Greatest Percent GAINER OVERBOUGHTAfter two great news, BLIN managed to run up to 10.41, making it an overbought stock. Jul-02-21 09:24AM Bridgeline Receives More than $2.5M in Warrant Exercises GlobeNewswire +56.00% Jul-01-21 09:00AM Bridgeline Partners Win More than 20 Site Search Licenses in its Third Quarter GlobeNewswire +33.72% This two news made possible this situation in which stocks are starting to be sold by demand. Looking at the chart, we can see how all highs where made with great volume, which is good but the corresponding candle didn't responded the same way, most of the time it closed in its third, showing how demand was getting out of the stock while it kept going up, We had another sign of weakness in the upward trend when the triangle that formed duting the spring in the supposed wyckoff's accumulation phase, didn't break with strength even though, prices kept mooving up but very timidly, until we had another spike, this time a hammer candlestick (a warning about a change) with the second greatest volume of the timeframe;; this time, the remaining demand got out of the stock, that maintained some momentum that made it break the resistance formed by great volume with no volume ( another sign of weakness) and the icing on the cake comes when we had a doji, reasuring the weakness and how little time the bullish trend has left. (We also have the three SMAs overextended, and prices very far from them). Surely the news made some great profits to the insiders, but the ones who came late are now out of the trend and should stay out until we have a few clear signs of strength. As we expect the stock price to come back, at least, to the lateral range limited by the blue support and resistance. I Hope You Have A Great Day!!
NASDAQ:BLINShort
by Fernando_132
Bitcoin Wyckoff Accumulation ConfirmationIn continuation of my previous idea. The PS in the formation was too low, possibly because of series of exchange crashes, which led to long trail of triggered stoplosses. That led that the whole structure was little misunderstood. Now we had a perfect spring and test exactly where I expected it, but quite later and now we are moving to phase D. There are no strong signs of strength on clusters, but we are smoothly moving up last days, crossing last day's resistance. At any moment bitcoin was looking weak: no signs of strong buyer interests, but now almost the whole formation is before our eyes. Lack of additional confirmations does not give me confidence, that we would go all the way up from this formation, since Bitcoin knows few cases, when price went down after exit from accumulation.
Long
by danfilatov
3
BTC Current Wyckoff SchematicAnalyses of Trading Ranges (Stockcharts.com) "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. In both accumulation and distribution TRs, the Composite Man is actively buying and selling - the difference being that, in accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR." Source and more great basic intro information for Wyckoff Method: school.stockcharts.com While BTC Holds Above the Previous Tesla buy in area 34200 expeciting a push to 40k or further as a confirmation of Accumulation. The next confirmation of Wyckoff is a SOS ( Sign of Strength / Jump Across the creek) followed by LPS (Last Point of Support) to confirm the beginning of a move to Mark Up Phase. See schematic here for reference: ibb.co
Long
by Worth_The_Ri5k
6
Is The Wyckoff Valid for Bitcoin?What is the Wyckoff Method? The Wyckoff accumulation is a century old form of technical analysis created by Richard D. Wyckoff. It is based on the principles of supply and demand. According to Wykoff there are two main phases in a market cycle: The accumulation phase and the distribution phase. f this was our Wyckoff spring moment then July could be very exciting! — Lark Davis (@TheCryptoLark) June 22, 2021 The accumulation phase usually follows a big price drop (Phase A) In the accumulation phase the price bottoms out as investors are starting to accumulate share or in this case Bitcoin. The demand and supply are close to even until slowly investors feel more comfortable to buy more and the price rises (Phase D and E in Graph). The distribution phase can be imagined as the mirrored version of this graph. After a heavy price increase, demand and supply are even and the price stops increasing, over time leading to a larger crash in price. Wyckoffs method states markets never repeat exact circumstances. So, instead of looking for the market to repeat itself, Wyckoff’s method requires analysts to look at broader sets of patterns. All price patterns vary slightly from previous incarnations either by size or volume to therefore making analysts adopt to different sets of outcomes instead of the same one. The second rule to the Wyckoff method tells investors and analysts to respect market relativity. Meaning, in order to understand today’s market trend, one must also evaluate the past. Finally, In the Wyckoff method, Wyckoff introduced three trends. These include up, down, and flat. He also introduced three time frames in his strategy: short term, intermediate, and long term. Is the Wyckoff Method valid? According to many experts in the industry, we could soon entering an uptrend in Bitcoin price. “In terms of the Wyckoff method, this $28.8K lower low is very similar to the $65K higher high. Both cause a maximum emotional effect on market participants.” Final thoughts Time will soon tell if the Bitcoin bounce off of 28k support this week is the spring to send Bitcoin back to reach it’s previous all time high. Many in crypto are hoping for a bullish reversal of the market come July.
COINBASE:BTCUSDLong
by sachi_diary
12
BTCUSDT 4h, Wyckoff accumulationm, bearish days may be ending?!?This is update of previous idea, so please take a look at related ideas for more information and follow us to be informed of idea updates. 🙋 Please let me know what you think. 🚀 If you would like to be kept updated, please follow us. 🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. 🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by golden_day
2
Bitcoin Shows Resilience Following Clamp Down on Binance Bitcoin is still recuperating after having temporarily sunken below the psychologically significant 30000.00 threshold last week. The price of Bitcoin continues to rise in an effort to break out above the major Distribution range. The current structure of the price action resembles a Wyckoff Cycle, given the recent consolidation within said Distribution. The latter spans between the minor resistance level at 35250.0 and the minor support at 34250.0. If the current attempt at a breakout above the upper boundary of the Distribution range fails, the price is likely to continue consolidating within it before it resumes diving. That is so because Distribution ranges typically entail mounting selling pressure. Even still, the price action remains concentrated above the 50-day MA (in green), which serves the role of a floating support. Meanwhile, the 100-day MA (in blue) is drawing nearer to the lower boundary of the Distribution. Both of these moving averages could resist the formation of a significant dropdown for the time being.
BITFINEX:BTCUSD
by Trendsharks
1
THE FRACTAL NATURE OF PRICE- GBPUSD IS IT TIME TO SELL?From the chart work you all will be able to see the fractal nature of price. What is seen on the 5MIN can also be seen on the 4hr or even the 2day. We've seen a very bullish GBPUSD since the beginning of COVID-19. Also according to structure a bullish market consists of HH and HL, which we can also see on the WEEKLY of GBPUSD. Price tapped into a supply zone which seems to be holding strong ; as there is a mini break of structure. Also we can notice the Distribution schematics forming on the 2day which might cause price to drop in other to mitigate untapped POI's. Following the Daily Distribution is a 4hr Distribution which further confirms our sell bias. As price dropped rapidly, took out liquidity and broke mini 4hr structures, imbalances and Institutional candles were left unmitigated ;which leaves us with the expectation of banks moving price higher so as to mitigate there orders and cause further drops.
Short
by FXBULLS101