Get started

Wyckofftrading

BTCUSD: The market needs to eat before it can fly The market needs to eat before it can fly EN Hello to all cryptocurrency traders. I would like to share with you my current vision for $ BTC. We are creating a beautiful complex accumulation line that looks like a bear's flag on a higher timeframe, but the concept of smart money does not trade such patterns, so I expect a breakthrough and a retail trap that a terrible ride of $ 20,000 awaits us next week. However, below us is now a very strong zone, which ranging from $ 37,000 to $ 39,000 made up of strong volumes, this zone is our main support, if maintained, even a possible fake break can serve as a withdrawal of liquidity before a strong move. This is an ideal scenario when there is a false bear flag break but the daily close will be above the zone, which would mean confirmation of accumulation, the last entry of smart money on retail stoplosses and ride to 50,000 USD. CZ Ahoj všem obchodníkům kryptoměn. Rád bych s vámi nasdílel svojí aktuální vizi na $BTC. Tvoříme krásnou komplexní akumulační sestavu, která vypadá na vyšším timeframu jako medvědí vlajka, ovšem koncept smart money takové patterny neobchoduje a proto očekávám, že příští týden dojde k průrazu a vytvoření pasti na retail, že nás čeká děsivá jízda na 20 000 USD. Ovšem pod námi je teď velmi silná zóna, které se lemuje od 37 000 USD po 39 000 USD tvořena silnými objemy, tato zóna je náš hlavní support, pokud dojde k udržení tak i případný fake break může sloužit právě jako vybrání likvidity před silným pohybem. Je to ideální scénář, kdy dojde k falešnému breaku medvědí vlajky ale daily close bude nad zonou, což by znamenalo potvrzení akumulace, posledn ívstup smart money na retailove stoplossy a cesta k 50 000 USD.
by UnknownUnicorn17520614
1
XDB Long at $0.25Price action for XDB from March 14, 2022 to the present has been pretty remarkable. From a Wyckoffian perspective, we observe a hyperdermic distribution after the buying climax (BC) on March 23. The red arrows point to volume spikes. In these 3 instances they illustrate heavy selling. It’s possible that we have observed a local selling climax (SC) on April 7. If it was a SC, it’s likely the price will enter a trading range. The first level of significant resistance is around $0.34; this corresponds to the price level at which the last significant amount of selling started. I have opened a long position at $0.25 and expect the price to pause around $0.34. Wyckoff abbreviations: preliminary supply (PSY), buying climax (BC), automatic reaction (AR), sign of weakness (SOW), last point of supply (LPSY), selling climax (SC). This is not financial advice. I am not your financial advisor. This is my opinion.
Long
by Eightchains
4
BTC Potential Sign of Weakness in Re-DistributionThis chart builds on my previous ideas that I’ve shared regarding the BTC price since October, 2021. It appears that the BTC price has been observed in descending stepping-stone horizontal Wyckoff re-distribution trading ranges. The down trend was stopped on Jan 22, 2022 with a selling climax (SC) and the BTC price entered an upward sloping re-distribution trading range (to be confirmed or to fail). Since the BTC price was in a down trending environment from Nov 10, 2021 to Jan 22, 2022, our bias for the current trading range should be in favor of Wyckoff re-distribution, although we should be open to the possibility that the volume and price will demonstrate that our bias was incorrect and that the current trading range was, in fact, Wyckoff re-accumulation. With regard to the more recent price action, we likely have observed a shakeout (SO)/sign of weakness (SOW) in potential Phase D of Wyckoff re-distribution. If this is correct, then we will likely observe upward price movement back into the trading range for a last point of supply (LPSY) event followed by the price breaking the trading range support to the downside. The other possibility is that we have observed a SO/Spring event. If this is correct, then we will observe a sign of strength (SOS) rally. The upper and lower boundaries of the trading ranges are given by the solid black dotted lines. Significant bars, which help define important areas of support and resistance, are given by the blue shading. The blue arrows point to volume spikes. Wyckoff abbreviations: automatic rally (ARa), automatic reaction (ARe), buying climax (BC), secondary test (ST), upthrust (UT), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SO), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
2
VET Sign of Strength RallyThe VET price had been observed in a horizontal re-accumulation trading range from Jan 22, 2022 to Mar 27, 2022. The VET price exited this re-accumulation trading range with the SOS rally. I will make a long entry at the BU/LPS event (around $0.07) and take profit around the next resistance cluster around $0.10. The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes. Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of supply (LPS). This is not financial advice. I am not your financial advisor. This is my opinion.
Long
by Eightchains
5
DOT Sign of Strength RallyThe DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally. I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the position at the BU/LPS. The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes. Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of support (LPS), last point of supply (LSPY). This is not financial advice. I am not your financial advisor. This is my opinion.
KRAKEN:DOTUSDLong
by Eightchains
3
BTC Wyckoff distribution Bitcoin has been ranging for a year now. this is typical of wyckoff distribution. Regardless of schematics working perfectly to a diagram. These are the signs of distribution I look for. The key areas to be aware of are: Volume, does it rise on supply, is there a response to attempts to push the price back up? Is there a clear buying climax to begin your trading range. Look for candles with long wick (to indicate counter-pressure) or blow off top candles that create an obvious difference from the previous uptrend. Is there an automatic reaction to that? Does price return back down on high supply? Have their been any springs (movements below the BC or TRADING RANGE) — how were these responded to? This should be conducted on a minimum of a 12h chart. UTAD — upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element ICE — This is another concept that isn’t covered in all distribution schematics but I feel it’s worth covering. Accumulation has a Creek and when price crosses this creek it’s considering to be Jumping Across the Creek (JAC). The creek is a rough line drawn across the highs of the range that we expect to see broken on high volume to add credibility. Within distribution we have a similar concept called ICE. Imagine this as a frozen lake, each footstep you take on the ice it becomes a little weaker. A rough line is drawn across the lows of the range instead for distribution, each time the price has touched it, it weakens and sooner or later the ICE will break and price (and you on the lake) will fall through.
by Cymoongale
How To Trade Supply & Demand, Wyckoff, And Smart Money ConceptsHow To Trade Supply & Demand, Wyckoff, And Smart Money Concepts like a BOSS! This is a quick tutorial breaking down a trade I took this morning, and how supply and demand, Wyckoff, and smart money concepts all tie in together. You do not have to know or understand Wyckoff in order to trade smart money, as mentioned in this video I didn't even realize I was trading a distribution schematic until after the fact. Let me know if you want more in the future, comment what you struggle with below!
by renegadeforex
NZD/JPY 4H Wyckoff 23:1 Risk to Reward RatioWyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase. Wyckoff gives you a big Risk to Reward Ration if entered right. In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR. Phase B had an Ultimate Thrust followed by an ST for Phase B. Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along. Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along. You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries. You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :) Please share and support and let me know what you think in the comments section. Thanks !
by yousifkf
TRADE WITH ME WYCKOFF RE-DISTRIBUTION AUDJPYWe've seen that AUDJPY, has been on a downtrend since the start of November, prior to that downtrend, AUDJPY, had a distribution phase forming at the top. Price has dropped ever since then and is now doing a correction, I believe we're in a re-distribution where after a prolong downtrend, the CO, has taken a pause to collect more orders before heading down. Now we're just at the start of phase, so many things can happen from here on out however, I can't help but notice since our PSY, volume has been dropping ever so slightly, indicating substantial buying from the correction has come to end. We've then had a buying climax where the CO has absorbed all buying orders and quickly shifted back down, causing a bull trap on later buyers. Since the CO has absorbed the buyers and trapped them, in addition to volume decreasing, buying pressure is no longer valid so sellers enter once more and tries to push the market down until they've got exhausted and created an AR. Now we have our trading range for AUDJPY and await our secondary test. From here we play the waiting game. Thanks for reading any comments or questions post them below IssaLJ,
Short
by BeaucoupPips
1
BTCUSD - BUYERS BEWARE & BTC TO 100k around MARCH 2023If there is one thing that I enjoy doing in the markets, it is speculation, and I find it particularly enjoyable trying to find where the market is building liquidity, for what better reason, than to take advantage of it and make that all-important moolah! xD BTCUSD has shown its hand and, after developing, what I would describe as a weak triple top (weak because the last leg did not really develop well), is now going down. If there is one thing we know quite well, it is that markets are fractal, and it is not unusual for markets to repeat their actions. However, all too often, we fall into the trap of seeing something so obvious that it becomes a sure sign of the manipulation that is about to occur. This obviousness is what I would equate to liquidity. Let us break this chart down, but before I begin, I provide here a small word of warning I AM PROBABLY WRONG and a word of advice WHO CARES! If we are wrong, we add the result to our journal and learn from it. I will read the chart from left to right. So here goes! We start by seeing price accumulate with significant upwards pressure from the left. Price tried to trade downwards aggressively (11 January 2021) but closes about mid-bar. This sets the tone for a few days, and the price stays clear of that fractal low. Buyers enter the market with some belief that this is simply a pullback and the continuation will occur soon. Most traders’ stops are likely to have been below the newly formed fractal low; this builds liquidity and is traded into twice. This is important because of the significant buying volume that comes into the market and the retreat from sellers. This low of this area represents the line in the sand, in terms of our trading bias. After this, price drives to 65000, and woopty doo, all the news headlines start screaming BUY BITCOIN! DO IT NOW! RISK IT ALL, BABY! You know that saying be "fearful when others are greedy, and greedy when others are fearful." Yep, people got greedy xD What was the tell-tale sign that we might experience a sharp u-turn on price? For me, it was the Break of Structure; when the price broke the two previous fractal lows on the daily (19th – 26th April 2021), I had doubts about if the price would ever return to that level, price accumulated near the ICT Breaker Block, and then traded upwards to clear the previous fair value gap generated (Smart Money concept) before diving down. Where did it stop? It stopped right back where the previous re-accumulation area occurred. This gave us some assurance that this is a protected level and that it is improbable that we would trade past this level. This assurance was confirmed when the price accumulated and broke again to the upside, creating another area of interest which I describe as "ZONE 2." If we make a small comparison, we note that in the first re-accumulation, the largest bodied candle was the candle which broke the previous high. However, the largest bodied candle, in this move, DID NOT break the fractal high in this accumulation. WHY? I will offer my theory soon as we need to read more of the price-action. Price then re-accumulated (first orange box), in a similar fashion to the first re-accumulation and then continued upwards to break the previous all-time high. Ok, please do me a favour, take your measuring tool, and measure the leg of the re-accumulation that created a new all-time high (57000). Now perform that exact measurement on the Re-accumulation area (67000); both moves are around 25000. If the significant players intended to break the previous all-time high, and they only had the energy to push price by around 25000 before taking a breather they would be weary because a push from the accumulation area would be fuelled by mostly their own money as they would be trading in the middle of the premium & discount area i.e. mixed market intent, and this would take price right back to a previous selling area, a brick wall and a potentially lousy chess move. So instead, the price needed to take a breather mid-range to attract more sellers into the market, creating the liquidity needed to fuel the push upwards, and thus the first push was not aggressive and the second re-accumulated area may not represent the full positions of key market participants. So what next? As price comes closer to ZONE 1, it is likely to consolidate and form a clear trading range; sellers will be induced into the market through perceived weakness, and buyers through false breakouts to the upside. Key market participants will slowly drip feed their BUY positions. Most sellers will be taken out by a Shakeout action (Wyckoff) which will take the price down to ZONE 2 and may trigger yet another flurry of sell positions. Zone 2 will mark the last buying area before we start trading upwards to 100k. If we fail here, this might be the start of a bear crypto market; Goodbye gains xD Nevertheless, let us be hopeful and ask ourselves when price might track upwards towards the all-important 100k level and how might this happen. I provide a theoretical model below: If we take 25,000 as the maximum move for our conceptualisation, we can use market cycles (wyckoff) to estimate that there will be a total of five stages. I provide a timeline below Stage 1: 30,000 → 55,000 Price will accumulate above the previous buyers' trap, creating a good base for the price to break through the previous high. Stage 2: 55,000 → 80,000 Price will break the previous level, and greed will settle in Stage 3: 80,000 → 60,000 Price will drop aggressively to complete the market cycle and fuel quick-exit selling and fear. Stage 4: 60,000 → 75,000 Price will begin a slow move upwards but will not break the Stage 3 highs. Stage 5: 75,000 → 100,000 Price will reach 100,000 and form another head and shoulder pattern. The left shoulder will tap 100k, and the head will induce greed. Be wary of the break of structure on the daily chart after this, and look to sell and add positions at the Stage 2 Accumulation area. Timeframe? Well, if we look at the last five price cycles, they average approximately 75 days. So if we assume that the average of the price cycles will stay roughly the same and assuming we have six price cycles, including the Potential Buyers trap, we get the math for five stages and adding the Buyers trap, we get 450 Days or 15 months. So, the price might hit 100k in March 2023. Trading Plan I believe that a dollar-cost averaging approach might yield more effective returns over the long term, we cannot be too sure that price will come down to zone 2, and thus you should still look to buy at both zones. However, the entries provided are, in my opinion, high probability, and you should either wait for Wyckoff schematic of a clear 2-3 wick rejection as seen in the previous accumulation and re-accumulation patterns. WOW, that was long! Did you find that interesting to read? What is your opinion? Let us make our predictions now and see if they come true in 2023! Colonel Panda Out.
OANDA:BTCUSDLong
by lakishnarayan
1
BTC Looking Bullish BINANCE:BTCUSDT is looking like it will go for a run to around $61,000 which coincides with the VWAPm and key area of trading activity. Key Observations Not visible on this chart, I have been looking at the orderflow and the $56000 area has a significant amount of buy limit orders absorbing the supply coming into the market. It looks as if supply is exhausted at this point. On the daily chart this area lines up with the 0.38 retrace. This is a logical place to have large buy limit orders and can expect some reaction upwards. The market has been in a balance state with the VPOC of the local range and VWAPw coming together. A close above these two indicates at the very minimal a visit $58000. From there we look for a confirmation of an imbalance to demand further pushing price upwards to the target of $61,000. We have formed a smaller re-accumulation in the lower part near the overall spring. I'm favouring a break to the upside but waiting on confirmation that demand is back in control. If we bounce of the VPOC/close comfortably above the VWAPw I will enter longs. On the flipside, I would only say this structure will be lost with a meaningful move through the $56000. if that happens, time to re-assess the price action again. VWAPw = VWAP weekly VWAPm = VWAP monthly
Long
by DecpBTC