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Wyckofftrading

USDC.D In a Wyckoff Distribution range - Breakdown imminentUSDC.D Looking bearish as hell here in its Wyckoff distribution range. Compare it to USDT.D and see the similarities. The difference being USDC.D is leading here and weaker, compared with USDT.D. Both still look great for the downside here and its only a matter of time before they roll over and the market runs to new highs! USDC.D: USDT.D: Once this breaks down with USDT.D, we are in for the next bullish expansion in the market to new ATHs!
CRYPTOCAP:USDC.DShort
by marshyyy
Gold Wyckoff AnalysisGold's been on a stellar run with a strong campaign initiated at the start of September which broke out of a beautiful Wyckoff accumulation on the much higher time frame BUEC. Overall still very bullish for gold over the next 18-24months. In the current price action we've had a strong push up from $2,590 where we have found a new trading range. We had a potential spring event that failed to breakout which shows some weakness in the market right now suggesting more of a distribution/selling/profit taking event. Since this spring the range has tightened and tested both extremes of the range at the purple circles indicating no real support either way to rally further or sell of. The volatility is suggesting selling activity however we will not know until the range is completed. This smaller range can also be a test of the potential spring event Expecting the market to show us an answer over the coming days as price continues to contract in a bearish fashion however this can still always mean 2 things, that 1. sellers are exhausted or nearing the end of taking profits and demand is strong or 2. demand is weakening Now looking for another potential spring event that dips below the prior one, if this shows any weakness and fails its going to be a sharp quick drop to the next high volume node at $2,580. Trading opportunities to go long will be in the green circle in which will be a faster reversal given the location as this would also represent another higher time frame test of the consolidation breakout that happened at the start of September or At a successful spring event test back in the range. or The failure of a spring event not able to reclaim the range and going short to the next high volume node in the green circle.
ICMARKETS:XAUUSD
by littlebakes
2
TOTAL - Wyckoff Accumulation 2 Setting up!Price come into the monthly demand at the $1.8 trillion level and we have since formed range conditions after a selling climax event with a massive volume rejection on the weekly and daily wicks into the monthly demand range as shown on the chart. This was also discussed and noted on 05/08 at the height of the crash where i noted the presence of high volume being a positive thing in stopping the proceeding bearish trend alongside the fear and greed index reading 26 in fear as we come into key levels after the capitulation showing us great signs. TOTAL Volume Analysis from 05/08: Since then we have formed a local range after the high volume capitulation low got put in and many question whats next in this range? For me, im seeing this as an accumulation range after the SC event just like ive detailed on BTC. I think we have bottomed in the market, i think we are accumulating here in this local range and we are likely to form a last point of support (LPS) and HL in the range before a breakout of the highs into new highs over Q4. Its setting up great here and im confident we dont put in new lows from here. Im expecting a little more correction in the range as shown into the LPS but overall im focused on the upside from here in line with the HTF!
CRYPTOCAP:TOTALLong
by marshyyy
TOTAL - Wyckoff Accumulation Range in Progress!Price come into the monthly demand at the $1.8 trillion level and we have since formed range conditions after a selling climax event with a massive volume rejection on the weekly and daily wicks into the monthly demand range as shown on the chart. This was also discussed and noted on 05/08 at the height of the crash where i noted the presence of high volume being a positive thing in stopping the proceeding bearish trend alongside the fear and greed index reading 26 in fear as we come into key levels after the capitulation showing us great signs. TOTAL Volume Analysis from 05/08: Since then we have formed a local range after the high volume capitulation low got put in and many question whats next in this range? For me, im seeing this as an accumulation range after the SC event just like ive detailed on BTC. I think we have bottomed in the market, i think we are accumulating here in this local range and we are likely to form a last point of support (LPS) and HL in the range before a breakout of the highs into new highs over Q4. Its setting up great here and im confident we dont put in new lows from here. Im expecting a little more correction in the range as shown into the LPS but overall im focused on the upside from here in line with the HTF!
CRYPTOCAP:TOTALLong
by marshyyy
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently⁠, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!
BITSTAMP:BTCUSD
by marshyyy
USDT.D Pulling back into Last Point of SupplyUSDT.D Update: The markets pulling back as expected, this is as USDT.D pulls back into the range with some momentum, creating a bearish pullback in BTC and alts in conjunction with my prior BTC and USDT.D analysis Nothing to be worried about, simply pulling back into the range forming a last point of supply in the distribution range on USDT.D and a last point of support on BTC in its range. We still have some pain to come where i anticipate USDT.D to push higher into the areas marked up before seeing the reversal back bearish, what matters here is sticking to the plan and remaining patient. If your not allocated in the market, this pullback will provide ample opportunity to get some exposure and risk on before the next bullish leg in the market as USDT.D breaks down out of this range. This will be one of the last chances you get to get in coins that are still priced in discounts relative to the HTF! As price has pushed into this area im seeing an increase in volume from the latest 2 daily candles which is a good sign imo as we come into this key area and supply. However, theres no signs yet to suggest the trend on USDT.D is over and we remain bullish on the daily and 4h as we push into the range high. As a result, im still expecting more pain in the market and red until USDT.D tops out and there is still room to the upside for it to push into as shown on the chart. I remain patient here and confident in my bias and idea still as nothing has changed at all. There is a lot of resistance coming up on USDT.D and id be surprised to see it continue to the upside when theres a lot of levels to clear in this range as well as the prior resistance at 6.51% and the PSY at 5.90%. These areas key areas and im looking for USDT.D to reject from these areas, with high volume before breaking down from the 4h into the daily and then pro trend in line with the HTF picture as discussed here: ⁠free-analysis-channel⁠. Patience needed here and some confirmations from these areas over the coming week or so! Never surprised, never worried and always composed 🫡
CRYPTOCAP:USDT.D
by marshyyy
PFE is it completed the Accumulation and Going to Fly ?! It is the first time to break out the wide range since DEC 2023 Now We are in Phase E ( Trading outside the Range) - Wyckoff Method Supply showing Effort with no result Demand has Increased Also there is upcoming earning so, Is the accumulation phase has completed and we are going to 🚀 ?! TP 01 : 34.71 TP 02: 37.17 SL: 29.30 I am Just sharing insights and market trends for learning and growing every day and it is not financial advice.
NYSE:PFELong
by FSelim55
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave: Key Concepts of Weis Wave Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure. Price Waves: These are the movements in price, which can be upward or downward. Recognizing Bullish Patterns Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation. Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive. Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend. Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume. Example of Bullish Patterns Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares. Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control. Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume. Using Weis Wave for Confirmation Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns. Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength. By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NYSE:NIOLong
by VolumeDayTrader
Embracing Uncertainty: The AUDCAD Resistance Saga - A Battle of In my analysis of AUDCAD, I pinpointed a specific area marked by ultra-high volume, suggesting a potential retest of this zone. It's worth noting that such areas are typically revisited in the majority of cases, prompting the question: am I anticipating weakness in this currency pair? Maybe, maybe not... Let's delve deeper. Examining AUDCAD on the weekly timeframe unveils a potentially bullish scenario. Two weeks ago, a down bar with low volume hinted at minimal selling pressure. Last week's bullish engulfing candle further reinforced this sentiment. Should the bullish trend persist, my immediate resistance level stands at 0.90640, potentially leading to retests at 0.93500 and even 0.95000. On the daily chart, an intriguing observation arises. Despite a widespread up bar indicating "No Demand," Friday's price action continued its ascent, defying this technical signal. Such behaviour strengthens the overall bullish narrative in AUDCAD, suggesting sustained upward momentum ahead. However, the 4-hour chart signals potential weakness. An up bar with ultra-high volume closing mid-range indicates selling pressure. The last 4-hour bar of the trading week confirms this with a downward trend. In conclusion, which direction will this currency pair take? My prediction leans towards an upward trajectory, contingent upon confirmation of strength from the weekly and daily charts. Upon breaching the resistance level, I'll be vigilant for signs of testing or absence of supply, particularly focusing on low to ultra-low volume across the 1-hour and 4-hour charts. Conversely, if prices retreat from resistance and trend lower, I'll be on the lookout for indications of no demand or upthrusts, especially across the hourly and 4-hourly charts.
by filament-trading
Wyckoff Higher Timeframe Distribution Schematic 12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no UTAD then wait for phase E as you would have had more confirmation and without this you would be guessing the top.
Short
by DTalcob
CDS's on Silver USD/OZShort silver in the short/mid term, buy long term. With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes. The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution phase (eventual price decrease). MONTHLY On the monthly timeframe (orange rectangle/lines and txt) ,in the mid/long term) I believe we are in the accumulation phase, currently in phase B and nearing the end of this period. In the next phase (C) I would expect the “spring/purge” where price will drop at a low near to US$17.55 followed by a price bounce upwards. This US$17.55 or around about would be the lowest price and a great buy-in for Silver. However, price will test resistance US$18.89-US$20.70 as it moves upwards from here, and there will be other chances to buy-in just not at its lowest price. Of course from this low I will be LONG SILVER. In Phase D we will see the price increase eventually showing “signs of strength” (Wyckoff patterns) around the US$26.18 mark where it will find resistance once again. At this resistance there will be price bounce before entering: Phase E, where price will breakout and we will see a LARGE price increase. The price of Silver will test previous highs (US$35.38-US$49.85) or above. We should see a volume decrease from the monthly “selling climax” to about the “spring/purge” (yet to take place) where volume will increase during the “breakout”. WEEKLY What is price going to do now, what about a shorter timeframe; Weekly - (red rectangle/lines and txt). At this timeframe I believe we are in the distribution phase at the end of phase D showing “signs of weakness” and expect the price the further decline. Short term I am SHORT Silver. In phase E price should continue to sharply decline eventually testing the price of US$20.70 where it will find resistance and bounce upwards. This should be short lived as price will then continue on a downhill trajectory to US$18.89 and ultimately to about US$17.55 CONFLUENCE On the weekly timeframe the “spring/purge and the “return to origin” are clearly defined. This price range makes up the wyckoff distribution pattern, and in the monthly timeframe as price makes a 3rd attempt to break above and fails, it makes the Wyckoff accumulation pattern. This price drop in the future (US$17.55) is as expected as the market makers need to collect liquidity before heading to its highs. Currently in the weekly timeframe we can assume that we could be in the “sign of weakness” stage as we are testing price of US$22.70 which is where price tested previously in the “automatic rally” stage in this weekly pattern. This should indicate we are at the very end of this cycle and about to enter phase E where price will breakdown. Phase E on the weekly timeframe (distribution) is near completing a Phase B pattern on the Monthly timeframe (accumulation). On the monthly timeframe Phase C will begin from about US$20.65 which will be Phase E on the weekly. CONCLUSION I am SHORT Silver with my Wyckoff Distribution and Accumulation analysis in the short/midterm. The price of Silver will keep dropping. The price will eventually come down further to about US$17.55. From here I will be LONG Silver and hope to see prices in the long run to test previous highs (US$35.38-US$49.85) or above. Please leave a comment on your thoughts. See Wyckoff schematics here: school.stockcharts.com
TVC:SILVERShort
by Phynx
Long BTC to Around $48,000BTC was up roughly 70% from October 5 to December 5 with the current price action observed within a horizontal trading range. I will be opening a long position on the Spring position around $40,000. If the Spring fails then I will exit the position at a small loss. I think we will observe a sign of strength (SOS) rally that will take the price to around $48,000. This is not financial advice. I am not your financial advisor. This is my opinion.
COINBASE:BTCUSDLong
by Eightchains
UsdJpy Possible ShortThis is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area (green zones). We currently in premium aka the red boxes. Liquidity BSL is also resting above from last Thurs and this Wed. Would love to see price grab that while going to EXTREME premium, before shooting down to push PRICE HIGHER... just waiting to see. I got more Lower timeframe ICT based markups if yall mess with this one.
Short
by ConsciousFXtheDayTrader