USDCAD DISTRIBUTIONUSDCAD has been preparing for a retracement to level 1.219190 but not without building up liquidity.
We might see prices tap the resistance line at 1.26545 and leave Equal highs to be taken out after the retracement.
All in all having a bias will aid us in not getting caught up against the trend.
Lookindg for shortterm sells at the equal highs then longterm buys
Wyckofftrading
EURGBP UNPOPULAR OPINIONDISTRIBUTION INSIDE AN ACCUMULATION
I cannot tell you guys in full totality that this schematic is right for sure, it is just an anticipation of the many possibilities offered by the market.
Overall bias is shorts till they sweep the liquidity below.
Interms of intraday perspective I think price will continue down and reverse at 0.8500 zone in preparation of a lpsy.
Enter shorts if and only if price shows signs of a distribution to go lower at the first lpsy.
Wyckoff's Accumulation phaseThis is Wyckoff's Accumulation phase that is tricky to understand, Wyckoff's methods are real smart money concept. Actually Wyckoff's understand how SM place their orders. So after a long time by studying markets sir Wyckoff distributed his knowledge between public. And reality is Support and Resistance work but not so nicely SM know how retail traders trade the market. So they break the retail levels induces public and collect their orders and reduce public From trades. Concepts are little bit complicated to apply in real time chart, but it actually works.
If anyone wants to learn those concepts then they can search on Google 'Wyckoff's method'.
EURUSD possible wycoff accumulationI am expecting continous bullish action next week and maybe market reversal at 1.19610.
The price is likely to spring on JULY 14 as we have high impact news.
The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
USDCAD BULLISHUSDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders.
The accumulation cycle has been completed and we are now looking to be very bullish
This is a swing trade and positions will be added along the way
I will make a follow up post and leave a link here for my short-term perspective.
EURNZD: my multi-time frame analysisHi Traders,
This is my multi time frame analysis on this pair for the next few days
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
Bitcoin 24K Scenario - For bleed out Altcoins ReasonBig players shake-out small investors during this bloody shake-out. Reason is small investors still focus on altcoins which is not a recommended touch right now in my opinion. Wanna stay in the market - hold bitcoin. Wanna trade altcoins. Only for initial bounce, than take a profits back in BTC. Can't be hold altcoin more than one explosive wave.
Follow StructureToday I followed Structure using Wyckoff, Accumulation, Distribution etc. My chart looks messy but All moves were caught with patiences, following price and structure
Since switching to Wyckoff Methods I've been more successful with Order Entries, Minimal Stop Loss risks, thus minimal draw downs when they occur and good profits.
This was all done in demo. That is fine because the more I understand the method, the more accurate I become I increase the confidence which results in increasing wins and draw downs when they occur and the goal is to have that same confidence that comes with practice going live
Account management is primary goal when you are learning or when you are a seasoned trader.
So anyone thinking Wyckoff or Smart Money is too hard, just take one step at a time and it unfolds itself.
BITCOIN WYCKOFF ACCUMULATION SCHEMATICWyckoff accumulation schematic.
We are currently in Phase B. (We arrived from a daily distribution schematic)
I'm expecting a spring formed that catches the liquidity below the equal lows and below the selling climax.
Only After that, I can see BTC recovering to at least 50k per coin.
Right Now I am still holding my BTC and will add more with this liquidity scoop during an accumulation schematic.
To trade it, enter long at phase C or E of the Wyckoff schematic.
What do you guys think?
USDMXN WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 20.16 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: USDMXN Waiting for the Range Bound and the beginning of the Ascension Trend.
What is the Wyckoff MethodPhase A. Stopping the previous bearish trend.
• PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail.
• SC. Selling Climax. Climate action that stops the downward movement.
• AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range.
• ST. Secondary Test. Test of the level of supply in relation to climate action. Establishes the end of Phase A and the beginning of Phase B.
Phase B. Construction of the cause.
• UA. Upthrust Action. Temporary breakout of the resistance and re-entry into the range. This is a test at the maximum generated by the AR.
• ST as SOW. Secondary Test as Sign Of Weakness Sample of weakness in test function. Temporary break of the support and re-entry to the
range. This is a test at the minimum generated by the SC.
Phase C. Test
• SP Spring. It is a test in the form of breakout of the minimums of Phases A and B. There are three different types of Springs.
• Test Spring. Downward movement towards lows of the range in order to check the commitment of the sellers.
• LPS. Last Point of Support. Test in the form of a bearish movement that fails to reach the minimum range.
• TSO. Terminal Shakeout or Shakeout. Abrupt movement of minimum breakout that produce a deep penetration of the level of support and a
fast
Phase D. Bullish trend within the range.
• SOS. Sign of Strength. Bullish movement generated after the Phase C Test event that manages to reach the top of the range. Also called JAC.
Jump Across the Creek. Creek jump.
• LPS. Last Point of Support. These are the rising troughs we find in the upward movement towards resistance.
• BU. Back Up. This is the last big reaction before the bull market starts. Also called BUEC. Back Up to the Edge of the Creek. Back to the
creek
Phase E. Bullish trend out of range.
•Succession of SOS and LPS generating a dynamic of rising highs and lows.
UWMC Small Accumulation In Wedge, Looking At Option StraddleLooking at the picture I see a small Accumulation to the upside. Even If I am wrong and we see a dip from the wedge I will be playing straddle options tomorrow on the weekly's depending on how premarket movement goes. Straddle at current price right now, if underlying hits $10.50 that would be close to 100% profits.
Potential ReAccumilation to the upsideSQ at first looked like a distribution but the Apr 13th high never went above the previous high on Feb 11th. I do see a potential false 1st spring on march 4th to the upside which didnt play out but there is another potential spring to the upside on may 19th that is slightly lower than the march 4th 'Spring" . I cant post a pic on here but if anyone else is looking at this let me know what ya think. Possibly this week we will get a better picture of the puzzle <3
Take Solutions + Wyckoff Model - LongHere we come across Accumulation phase as specified in Wyckoff Model. As per the model one can take a long position in Take Solutions. The details of the model is described below.
The four stages of Wyckoff model (Accumulation Scheme) are: -
1. Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move.
At Selling Climax (SC) the intense selling activity slows down and comes to an end. But as the selling drops the price quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. While the ST often forms a higher low in relation to the SC, that may not always be the case.
2. Phase B
Phase B is the consolidation stage, in which the Composite Man starts accumulating the assets at its lowest possible fair value. During this stage, the market tends to test both the resistance and support levels of the trading range. There may be numerous Secondary Tests (ST) during Phase B.
3.Phase C
During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., he accumulates greater amount of shares. A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. In some cases, however, the support levels manage to hold, and the Spring simply does not occur. Still, the overall scheme continues to be valid. Incidentally in the above case we do not find a Spring.
*See the tremendous accumulation of stock as is evident in volume. However the price shows sidewise movement. The buyer wants to buy maximum shares in a slow pace without letting others know about it.
4. Phase D
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.
Phase E
The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts. As of now Phase E has not started. Since we are at Phase D hope Phase E starts soon.
*Now we are in the accumulation phase.
Wyckoff’s Composite Man Principle – Relevant to above theory
The Composite Man,proposed by Wyckoff in reality, represents the big players in the market such as rich individual and institutional investors. He states that the Composite Man, in theory, acts behind the scene and manipulates the market to the disadvantage of the traders if they do not understand the market game. Conversely, it acts to traders’ greatest advantage if traders truly understand the market game. Wyckoff always wanted retail investors to trade just like the Composite Man who acts in the below mentioned manner: -
(i) 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.
(ii) 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.
For more information look in the comments.
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.
OILBRENT WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 68.0) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
OILBRENT is in Downtrend and It is Expected to Continue Downtrend.
USDOLLAR WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 92 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: USDOLLAR Waiting for the Range Bound and the beginning of the Ascension Trend.
SMART MONEY: WYCKOFF accumulation on TESLA (Daily timefreame)Confluences:
Clear as day WYCKOFF accumulation schematic.
I'd enter off the future spring around 520, taking Tesla all the way up to the ATH's/
This is not a swing trade, it's a position trade. Hence I'll be holding it for 2-4 years.
Low risk-High reward.
What do you guys think?