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Wyckofftrading

Future of Cryptocurrency market: Traces of Cooperative OperatorWhile almost every trader is focused on derivative indicators, subjective chart patterns, Elliot Waves and other abstract objects or collective illusions (which rarely come true through self-fullfilling prophecies), the only way to be closer to the right outcome in your predicitions is to see the market how it really is. Price can change only when limit orders in one side of the orderbook are filled or canceled, not when it approach some trend line. Markets are driven by retail trader's emotions, but there are also more powerful participants, who decide in which direction it will go. Market makers are able to move the market, but they have problems with executing large orders because of insufficient liquidity. Therefore they need to organize the market's moves in patterns of accumulation and distribution phases. In other words they probably know in which direction the market will move, but they cannot just buy or sell in one particular point. On the other hand we don't know what the future holds, but with right money managment techniques we can be much more flexible. And we know who holds the future. Today BTC's yearly low from late June (5880 $, Bitstamp) was deepen. It looks like potential ST or Spring. It shouldn't go further than about 4,5 - 5k. We have clear distribution (distribution #2) pattern from November 2017 (note that in these days marketcap of USDT just exploded) to early February 2018. And almost immediately the market moved on to the next stage, which was accumulation (accumulation #2). It's interesting that there was extraordinary dynamic move in USDT marketcap in the end of January 2018. But why accumulation #2 is executed so high? I have a feeling and it's very experimental idea, that these two are parts of bigger one, which will end up as distribution (distribution #1). As Wyckoff said: "That's how it's done - played in both directions". What I expect in the next few months is markup in accumulation #2, which will be in fact UT or UTAD in distribution #1. It should go slightly higher than our present ATH (maybe 25 - 30k). And after that we can expect hughe and long bearmarket with bottom at about 1-3k.
BITFINEX:BTCUSDLong
by K_U_R_T_Z
4
$USDCAD for long term bearish potential OANDA:WTICOUSD is in up move agresively. OANDA:USDCAD is building beairsh Wolfwave formation. In 4hrs chart it shows a Sign of Weakness. So here is my trading plan, I will be looking for bearish pattern on 4hrs chart or lowers, but will also try to hedge with scalp long positions, until bearish formation being built on Daily chart. Any bearish trend on US dollar index will help the pair to run very fast on south direction. I may look on AUDCAD for either counter my position on USDCAD or taking more position on CAD.
Short
by kinetix360
BCH Distribution Phase EI've been trading off this 4hr BCH chart for a while now with great success. Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of SOW. Pros: Distribution touch points present SOW break is clean with a failed second test Guppy support through colour change on key areas Cons: Sell volume not as strong as expected through the channels Strong bounce at first test breaking higher than I would like from the SOW range Bounce potentially incoming that will need to be monitored I'm looking for more downside but the indicators show it may be due another bounce here. A break of the previous high would be a concern for me. It looks likely to fail based on previous weakness of Stoch RSI wedge breaks in the downtrend. My short trailing stops have been established as we continue. I'd be looking for a 0.12 target which has seen signification S/R before.
Short
by YeOldeMiner
SNAP Long - Wyckoff Accumulation with Target around $32After a precipitous drop from the IPO highs set in March 2017, SNAP shows signs of intelligent accumulation between $12 and $17, starting in July/August 2017. A selling climax, automatic rally, and secondary test completed Phase A. The secondary test was successful, as it made a higher low relative to the selling climax on lower volume . The following rally was not met with supply until after price created an upthrust above the automatic rally high around $17. Price revisited the bottom of the accumulation range relatively quickly, with a large volume spike on November 8, 2017. Despite the extra effort, it was unable to make a new low. A dynamic rally ensued, showing expanding volume and widening spreads, bring the price above the automatic rally high and into the area of the previous upthrust in Phase B. The next and final decline had relatively smaller spreads and low volume , indicating a controlled reaction into the final testing area. Phase C ended after a low-volume higher low was established, followed by a dynamic gap-n-go Sign of Strength Rally on big volume . The last two weeks began the Backing Up Action to test for more supply, prior to a significant mark up. Expect a smaller range between $16/17 and $21 as Phase D plays out. Unless significant supply emerges and manages to push the price deeply into the trading range, this smaller range should resolve into a strong Phase E mark up. Horizontal Point & Figure analysis from Phase C to Phase A hints at a target around $32. The target can be extended following the completion of the backing up action, once the mark up commences.
NYSE:SNAPLong
by tsellers33
EURUSD Long Term Accumulation and MarkupOver the last 3 years, EURUSD has undergone a classic Wyckoff method accumulation, starting with a selling climax in early 2015, and ending with a Sign of Strength and Backing Up Action in the second half of 2017. The Mark Up phase is well underway, and horizontal Point and Figure counts that span the width of the accumulation point to the potential for new highs above 1.60, possibly to 2.31 - 2.43. Look for a pullback to the uptrend or the resumption of the mark up following a re-accumulation period.
Long
by tsellers33
EURUSD - 2018 Upside ? (Wyckoff)The Wyckoff cycle is a well-known price cycle that is really powerful. In 2 years of trading, I never saw anything that close to it, at least not on a higher timeframe like the daily timeframe . It is clear as day! That being said, could we consider an upside continuation for 2018 ? USD would continue to lose value, pushing the price up? EUR would go up as well? I'll publish the Wyckoff cycle in the update section. Consider it, and tell me what you think in the comments. Happy holidays to everyone who reads this!
Long
by bbatrading
2