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Bitcoin: Bearish Distribution Wyckoffian Analysis 1H (May 16)X Force Global Analysis: In this analysis, we explore Bitcoin's bearish scenario based on the Wyckoffian logic. Analysis - On the right hand side, we have a simple diagram of the market phases developed by Wyckoff. - It's important to remember Wyckoff's emphasis on supply and demand, cause and effect, and effort. - In the accumulation phase, there is a high supply with low demand. - The effect of high supply and low demand is rock bottom prices - The Mark Up phase occurs when the supply of an asset has been diminished - The demand then picks up when retail investors start taking notice of the upside of the underlying asset. - In the Distribution phase, demand stays the same, while supply increases - During the Mark Down phase, supply is at an all time high - Basd on the wyckoffian logic, we are currently at a distribution phase, looking for a Mark Down. - It's also important to note that we have been rejected constantly by the mid resistance of the bollinger band Market Sentiment: Long short ratios are at 73 to 27, with exceptional amounts of long and dominant bullish sentiment in the market. What We Believe As mentioned previously, a break and close above 10K was imperative for a bullish rally. However, it seems as though Bitcoin is having a hard time with rejection around 9.5k levels too. Interpreting this as a distribution phase, while a test of the 10K levels could definitely be possible, the bearish probabilities are still high, and the corrective scenario remains valid. Trade Safe.
BITSTAMP:BTCUSDShort
by XForceGlobal
12
The Fundamentals of Wyckoff Theory Richard DeMille Wyckoff was a famous stock trader and investor, born in the late 19th century (1873–1934). Wykoff was a pioneer in the technical approach to stock market research. Wyckoff’s analyzed these market operators and their operations and concluded where risk and reward were optimal for trading. He shows the position of stop-losses at all times, the importance of managing the risk of any trade, and he explained techniques used to campaign within the large trend ( bullish and bearish ).Wyckoff also founded Wall Street Magazine. A five-step approach to the market. Wyckoff also developed specific Buying and Selling Tests, as well as a unique charting method based on Point and Figure (P&F) charts. While the tests help traders spot better entries, the P&F method is used to define trading targets. However, this article won’t dive into these two topics. Accumulation The Composite Man accumulates assets before most investors. This phase is usually marked by a sideways movement. The accumulation is done gradually to avoid the price from changing significantly. Uptrend When the Composite Man is holding enough shares, and the selling force is depleted, he starts pushing the market up. Naturally, the emerging trend attracts more investors, causing demand to increase. Notably, there may be multiple phases of accumulation during an uptrend. We may call them re-accumulation phases, where the bigger trend stops and consolidates for a while, before continuing its upward movement. As the market moves up, other investors are encouraged to buy. Eventually, even the general public become excited enough to get involved. At this point, demand is excessively higher than supply. Distribution Next, the Composite Man starts distributing his holdings. He sells his profitable positions to those entering the market at a late stage. Typically, the distribution phase is marked by a sideways movement that absorbs demand until it gets exhausted. Downtrend Soon after the distribution phase, the market starts reverting to the downside. In other words, after the Composite Man is done selling a good amount of his shares, he starts pushing the market down. Eventually, the supply becomes much greater than demand, and the downtrend is established. Similar to the uptrend, the downtrend may also have re-distribution phases. These are basically short-term consolidation between big price drops. They may also include Dead Cat Bounces or the so-called bull traps, where some buyers get trapped, hoping for a trend reversal that doesn’t happen. When the bearish trend is finally over, a new accumulation phase begins.
by TayFx
5
Bitcoin's Price Movement Explained By The Wyckoff DistributionPlease leave a LIKE & Comment if you enjoy the analysis. The Wyckoff distribution pattern has a range between $4800 and $6800.  According to the distribution, the price is currently in at the "Upthrust" point, since it has moved above the horizontal resistance level at $6800. This is the initial movement of phase "B". The expected future movement is a downward move that takes the price below the horizontal support level. The potential low below the support line is known as the "Show of Weakness", which could be the catalyst that initiates an upward move which causes it to break out above the resistance line. As for the exact value of the low, it is possible that this low occurs both below and above this support line. It is called the "Spring" if it goes below, while the "Last Point Of Support" if it is above. Once/if the price reaches this level, we will have a clearer understanding of the time period required for the price to complete this entire distribution.
Long
by BitcoinMaximus1
ES Price action analysis with key levels & what to expect 25 Mar 2020 - Climatic run up with increasing volume followed by biggest down wave with highest supply. Bearish reaction with slow grinding down move during non-regular trading hour (RTH). Could it be preliminary supply? 26 Mar 2020 - Another climatic run up after shocking number of jobless claim (think this ugly number will pressure the House to approve the bill?) ES broke above 2550 with fading volume. Possible exhaustive demand? Key levels to watch - First line of support - 2550, 2nd support- 2400, If stays above 2550, should challenge 2700.
CME_MINI:ES1!Education
by mingjong
4
EURGBPWe've had the weekly distribution schematic happening perfectly so far, now marking this up again I'll like to see the 2nd LPSY be made for our 1000 pip entry move to the downside which adds confluence of our GBP based pairs heading to the upside long term heading into the first few months of 2020. From that point on I expect EUR to then start to rise begging a bullish rally to the upside as I expect GBP based pairs to severly weaken heading into the end of 2020 as a markek crash is expected. #WyckoffSchematics
by jedahs
3
Wyckoff theory: GBP/AUD Application (short opportunity) Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and Mark Down. Two Rules of Richard Wyckoff The Wyckoff theory is based primarily on price action and the different cyclical stages the market falls in to. It is essential that we discuss two important rules stated in his book “Charting the Stock Market”. These two essential rules are paraphrased below. The first rule of Richard Wyckoff states that the market never behaves the same way. Price action will never create a move in exactly the same way that it did in the past. The market is truly unique. The second Richard Wyckoff rule is related to the first one. It states that since every price move is unique, its analytical importance comes when compared to previous price behavior.
by UnknownUnicorn3442968
10