Wyckoffmethod
BITCOIN 😲 Wyckoff Accumulation 👍 Still in ProgressFinally, Bitcoin flips the 1H 200 EMA to support. A few bullish volume spikes show clues that retail traders may be flipping bullish. Just need more volume now.
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
🟥3) Price needs to get to the $23,000 Resistance Line
🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🔥🚀
Gold - Wyckoff DistributionIdea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
Crude Oil Headed Towards $70 p/bThe price of crude consolidated above $68.00 following yesterday's OPEC conference, which underpinned growing demand driven by robust global recovery.
The price is currently trading at its highest level in over a year (since before the coronavirus crash), which could cause volatile fluctuations nears this historic resistance.
Traders looking to join the rally need to utilise trend continuation strategies under the Wyckoff Cycle method.
I SPY a Drop coming very soon ...Just figured I would chart this to see what the market is going to be like for the next few weeks. Agree with it disagree with it ...it makes no difference this is just a means of helping you get on the right side of the fence. I dont play the SPY so I'm completely neutral on this.
by iCantw84it
06.01.2021
CCIV Lucid Motors Merger Looking for a place to get in?by iCantw84it
05.25.2021
SPAC Churchill Capital IV gains after Lucid Motors tweet about event tomorrow
May 25, 2021 12:06 PM ETChurchill Capital Corp IV (CCIV)Churchill Capital Corp IV (CCIV)By: Josh Fineman, SA News Editor3 Comments
SPAC Churchill Capital IV (NYSE:CCIV) rose 3.6% after a Lucid Motors tweet about a Lucid User Experience event tomorrow.
Electric car maker Lucid Motors is going public through a deal with SPAC Churchill Capital IV .
Earlier this month, Lucid Motors CEO won't commit to 20,000 electric cars in 2022.
See Seeking Alpha Catalyst Watch about CCIV event scheduled for tomorrow.
Textbook Range Play on the USDCAD The USDCAD has been behaving as per the expectations of the Wyckoff Cycle for quite a while now, which provides an insightful outlook on the likely behaviour of the price action in the near future.
Following the completion of the last Markdown, the pair went on to start establishing the current Accumulation range. Its existence is confirmed by the ADX indicator, which has been threading below the crucial 25-point benchmark since the 14th of May.
The development of a Hammer candle, which entails rising bullish pressure around the lower boundary of the Accumulation (at 1.20250), means that the price action has indeed bottomed out at the lower end of the Accumulation.
Hence, the price of the USDCAD is now ready to head towards the range's upper boundary at 1.21350. Before it can do so, however, the price would have to break out above the 50-day MA (in green) and the 100-day MA (in blue).
Johnson and Johnson Struggling Below a Historic Resistance The share price appears unable to break out above the historic resistance level at 170.00, which represents a very strong bearish signal.
Moreover, the price action has recently established a broad 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory, as well as having developed an Ascending Wedge. Both of these developments confirm the bearish expectations.
Finally, yesterday's trading session resulted in the creation of a Shooting Star candle, which could be a precursor to an imminent reversal.
Overall, there seems to be a very strong confluence of bearish indications at present.
The 23.6 and 38.2 per cent Fibonacci retracement levels represent the most likely targets for such a dropdown.
AUD/JPY BUY IDEAHey tradomaniacs,
still testing my new style but we with AUD/JPY I see a great potential to move up!
A bit concerning as always could be the upcomign RBA Statement - I think it is likely to see a more hawkish statement and that the RBA will talk about a tighter policy in the future.
Risky setup - But overall deliecious in terms of risk-reward!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
TELL me something......Why do all these lines converge up at $7.00?
Why does it dip down so far when its done going up? Seems a little extreme....
by iCantw84it by request
05.30.2021
Is BTC going through a Wyckoff Accumulation?BTC maybe going through a Wyckoff accumulation. Most of the market is currently following the overall trend of BTC so this distribution may be in play across the entire crypto market.
The yellow path is my predicted path of the market in the near future.
Please leave your thoughts below.
SOURCES:
Unable to provide original source due to account limitations. Please look at the StockCharts web page on The Wyckoff Method.
TWTUSDT WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 0.87 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: TWTUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
BTC The Sky isn't falling and here is why..It says it all in the image. Wyckoff Method is very thorough and can be a lot to digest when price is swinging $50-100 a min. I relate this to riding a bull. If you break it up into smaller identifiable pieces you are able to maintain control of your emotions and not make decisions based off of them. I have been studying the curve for almost a year now. Everyday 12-14 hours a day. 2 Months ago I started looking for a logical explanation of what I saw in the market when I first started looking. (This is what I call the CURVE.) I didnt know what Wyckoff was back then nor did I try to find any outside help to sway me one way or the other.
I used price action and what the market was showing me everyday to come up with my own ruleset of moves, candle stick formations, and sequence on what happens on every part of the curve. A complete Visual guide to the curve. It wasnt until 2 months ago taht I found wyckoff that I found a logical explanation as to what I saw. Now I combine the two for a complete visual and tech explanation. Wyckoff and the curve are simpatico in every way. It was uncanny to me when I found it because it was the missing link.
I hope this helps people in their trading. If you like things like these please like and subscribe, put a comment below if you want me to explain anything else.
Thank you.
You can learn more about me by Google searching: WECT Scott Mele
or going to instagram and searching: iCantw84it
There you will find a news article about me and my acquired savant syndrome and my art.
My style of trading is linked to the way the acquired savant syndrome affected my brain and how I see things and know how to do things without prior understanding of them.
p.s. if you think institutional buying isnt in BTC you just need to crawl back in your hole and continue living out your existence in solitude as no one wants to talk to you.
by iCantw84it
05.28.2021
ONTX by Request on my mobile This looks like a winner to me I think the image covers it all. I hope this helps sorry I’m still out there f internet. So I did this on my phone
BITCOIN: Prediction of Perfect Point of dropHello Traders!
Well before showing your hate in the comment section think twice before what you say.
I predicted the crash when the market was near 60 but I saw very disappointing comments and after that, I Predicted the Second sell wave a few days ago and again I saw very disappointing comments. No one on Earth knows where it's heading not even manipulators. So I am trying my best with my experience.
Let's talk about Harsh truth Now,
Bitcoin is bearish since Mid April and it is still falling. It clearly formed the Wyckoff's distribution at peak then drop hard. Now it's in re-distribution form and it will drop again.
The first support is at 20,000 but it will not hold it longer. The preliminary support will be at 20K.
The bottom of the trend will hit the 11400 dollars. The market is Bearish for at least the next 100 days. Bearish Market can last 150 days.
The reason that I am expecting a 11400 price is that it is mid of the accumulation phase and this accumulation is attracting the price like a magnet. Once it hit the mid of accumulation the market try to run as quick as possible from the accumulation phase.
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