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Wyckofftrading

BTC - Dip to $40,000? The distributional elements of BTC are evident * Classic 3 wave push followed by significant weakness. * Poor rally into LPSY with no continuation; unable to break previous resistance * Current price action is showing a serious lack of any demand. Look at the first box compared to where we are now - no upwards push. * Volume spikes throughout range with increased volatility. A test to $52000 is possible but I think we are going to around $40000 and possibly lower. Personally I started scaling out of my alt and BTC positions around $57000 and the inability of price to move upwards(LPSY). This was a real change than anything previously. Will be interesting this coming weeks. Personally looking at Gold and SIlver at the moment for longs. For anyone interested here is my Weekly Silver Chart with targets and ID of long term accumulation Also, my gold chart and healthy break plus BUA
Short
by DecpBTC
AUDCAD: Daily analysis on a Wyckoff point of viewHi Traders, This is my view on this cross for the next few days. #AUDCAD is bearish till 0.83 area 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
Short
by kitchen_trading
SPX500: Will price finally DROP harder?Hey tradomaniacs, It is getting a little bit tricky now for the stockmarket with the so called "stagflation" showing higher prices for assets and consumer goods (inflation) while the economy stagnates. 👉 An example is the yesterdays weak U.S ISM Index while prices generally rise (Wood,Wheat,Coffee,Gas etc.)❗️ So the question is: How can the central banks continue with an ongoing inflation in order to support the economy to stop the stagnation? Is more stimulus possible even though prices seem to explode? Or is the bubble ready to pop soon and we see a correction and a strong US-Dollar? The mood is overall upbeat in terms of corona as the investment rate in the USA is really high indicated by a margin-debts but the U.S.-Stockmarket is overall not really moving upwards anymore, which could be a typical "buy the rumor sell the fact" scenario. Also keep in mind that many private-investors are currently invested providing a great opportunity for biggies to take profits / distribute volume. Is the best of all possible worlds price in? However, I will be very cautious right now and watch the market carefully and focus in short-term-opportunities. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USD
by Trading2ez
1
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation. Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring. Still very new into Wyckoff, so take all this with a grain of salt.
OLong
by Veuvee
Average Up as a Trading StrategyThe average up strategy provides Huge wins, Small losses and Risk minimized. Use RANGE-CHART for this, so you could see the Buy setups more easily with less noise or time distortion. First You look for a buy setup, one that you believe that price should move rapidly from your starting buy point (you expect ab big relative move). Second You add up position. Every trader should use his own risk management based on his account size and what he is comfortable with, BUT... The position units you add have to be in the SAME SIZE! If they are not in the same size, the break-even point will not move up as I showed in the chart. Side note: experience traders can play with the portions of the positions, so they can manipulate the break-even point as they wish... In the first case on the chart (the idea was wrong), the position stopped out with 3 units of loss. In the second case on the chart (the idea was right), the price from a certain point moved away from the break-even point, which means that you were GREEN the whole time in the trade (when you had a relatively big position). You had "AIR" to hold this huge position. Many great traders used the average-up strategy: Jesse Livermore, Richard Wyckoff, Nicolas Darvas. If you are right, you are right in the biggest position possible => you have a huge win of 45 UNITS. if you are wrong, you are wrong in the small position => you have a small loss of 3 UNITS. --------------------------------------------------------------------------------------------------------------------------- Bottom-line profit => 42 UNITS of profit $$$$ If you like this educational, let me know in the comments, and like it, so it will be saved on your liked ideas.
NASDAQ:NVDAEducation
by ZoharCho
7
FSN/USDT Wyckoff Master Plan Hay Wyckoff heads ! Per my theory that the only relevant TA for low cap and low liquidity gems is Wyckoff analysis here is an idea for Fusion FSN The old trading range is a pretty clean Wyckoff count - pro traders would have been eyeing the Spring for an assymetric entry or the BUEC for a less risky punt. I have used Fib extensions to map out a new TR. If you don't know about Fusion it's a hidden gem with robust FA and low MC - so significant headroom here. DYOR www.fusion.org Peace.
FLong
by BoomaNZ
1
4 Malaysia Stocks To Watch During Sector Rotation Traders often have no idea what to do during market correction or sector rotation because their stocks are in a losing position. Also, they struggle to find stocks that are bucking the trend. In this video, you will find out these 4 Malaysia stocks -  MYX:CCK , MYX:DAYANG , MYX:OSK and MYX:SDS that outperform the market during the sector rotation and how to take advantage from these stocks by trading the pullback or trading the breakout.
MYX:SDSLong
by mingjong
MCD, SBUX, YUM Set to Breakout from Wyckoff AccumulationSince the sector rotation was unfolding in mid Feb 2021, restaurants and bars sector has been very resilient with a number of them outperform the indices. In this video, you will find out 3 stocks - NYSE:MCD (McDonalds Corporation), NASDAQ:SBUX (Starbucks Corp) and NYSE:YUM (YUM Brands Inc) set to breakout from the Wyckoff re-accumulation structure with these tell-tale signs. Low risk entries via pullback trading or breakout trading together with the key levels are covered in the video.
NYSE:YUMLong
by mingjong
CRYPTO - RIOT - The Wyckoff MethodWyckoff Method Application: Hello everyone, DPT here. I love analysis, and I love to learn about and trade using theories and frameworks Dow Theory, Elliot Wave Theory, Action Reaction, and others, as I develop my own methodology... Today, I spotted a very good fit for the Wyckoff Method for a trade setup, and I wanted to share this with you. There are a few steps omitted, but I included the article which I used as reference so you can follow along, or use it as a template for your own trades. This is not financial advice, just an informational! 5 Step Approach to the Market: 1. Determine the present position and probable future trend of the market. - Currently swinging bearish: 2. Select stocks in harmony with the trend. - RIOT is known to follow BTCUSD, as it is a BTC miner! 3. Select stocks with a “cause” that equals or exceeds your minimum objective. - I have high conviction that BTC is (a) on a downtrend with more downside, (b) RIOT has yet to price this in. 4. Determine the stocks' readiness to move. - TA Oscillators and Moving Averages show that the stock is ready for a move to the downside. 5. Time your commitment with a turn in the stock market index. - I have high conviction that the stock market index will also see downside in the nearest future: Three Wyckoff Laws: 1. The law of supply and demand determines the price direction. 2. The law of cause and effect. (BTC and stock market downtrend, yet to fully be realized by RIOT). 3. The law of effort. Analyses of Trading Ranges: - Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. Wyckoff Schematics: - A successful Wyckoff analyst must be able to anticipate and correctly judge the direction and magnitude of the move out of a TR. Fortunately, Wyckoff offers time-tested guidelines for identifying and delineating the phases and events within a TR, which, in turn, provide the basis for estimating price targets in the subsequent trend. Nine Buying/Selling Tests: FYI - I won't be using a P&F chart. 1. Upside objective accomplished. ✔️ 2. Activity bearish (volume decreases on rallies and increases on reactions). ✔️ 3. Preliminary supply, buying climax. ✔️ 4. Stock weaker than the market (that is, more responsive than the market on reactions and sluggish on rallies). Stock did not make new high, when BTC made a new ATH! ✔️ 5. Upward stride broken (that is, support line or uptrend line penetrated). Currently in the beginning of a descending scallop (scythe) pattern, clearly breaking uptrend line. ✔️ 6. Lower highs. ✔️ 7. Lower lows. ✔️ 8. Crown forming (lateral movement). ✔️ 9. Estimated downside profit potential is at least three times the risk for if the initial stop-order were hit. ✔️ STRATEGY: - Entry: 63 - SL: 87 - TP1: 47 - TP2: 38 - PT: 23 - RRR: 1.71 - Timeframe: 45d - TRIGGER: 1. Confirmed rejection at this resistance. 2. BTC continued downtrend. 3. Increasing sell pressure. “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) As always, if you enjoy this post, please Like, Follow, Leave a message... GLHF! - DPT
NASDAQ:RIOTShort
by UnknownUnicorn1043646
4
3 Malaysia Stocks to Ride the Recovery ThemeAs the funds being rotated out from the technology sector MYX:TECHNOLOGY , recovery theme stocks in Malaysia has outperformed the market. In fact, it is possible that the recovery theme rally has entered into Wyckoff phase E, which is the marking up phase where the momentum move begins. In this video, you will find out the top 3 Malaysia stocks MYX:AIRASIA , MYX:GENM and MYX:GENTING that are now riding and leading the recovery theme. Potential low risk entry via pullback trading or breakout trading together with the targets at the key levels are covered in the analysis.
MYX:GENTINGLong
by mingjong
XRP - Hidden Gem??Relatively speaking XRP has been shat on during this bull run with really no significant gains to get excited about. What I am seeing * XRP has been in a down sloping accumulation range since Oct 18 * Broken the down trend but had a capitulation event with very negative news a few weeks back * We have regained our position in a strong zone to the upside. * Note how we are sitting on top of a key supply zone which occurred on the 23rd Dec - nthe significant diff in volume between the two which means a lack of supply but demand also. * This lack of supply means we can have demand take over and push prices higher - this is becoming evident with the inability of price to move lower. * Watching for a break above 0.50 for a long. * Break below 0.40 will most likely see us to around 0.30 Wait and see.
by DecpBTC
3
No trades at the moment - WAIT AND SEEHi Team, We have entered a small trading zone at previous high which is expected as profit taking is occurring. Looking at the previous top will give us some clues. The FEB top was a quick distribution into a shakeout creating the liquidity for larger players to enter. Remember - distribution are generally quick and volatile whereas accumulation are slow with and time consuming with decreasing volatility. I have listed two scenarios here with neither more viable at this stage. I think overall we go higher after the prolonged re-accumulation we just had. Confirmations of bullish behaviour: *Supportive price at lower part of TR *Decreasing volatility *Relative long time in range *Testing event at support with strong recovery and subsequent support in the TR *Successful break of resistance with volume and support above resistance line Confirmations of bearish *Break down to 55K with no recovery in the TR *No support volume on the break to 55K *A break below support - retest to previous support and rejection *Quick time in range like in FEB Its wait and see at the moment. Remember you are looking to confirm bias which indicates who is winning; buyers or sellers. At the moment the short term bias is up; so we are looking to confirm each step. If we have a deviation from what we would see in a bullish bias it should alert us as a potential change in market conditions and we can begin to craft a trade in that direction.
by DecpBTC
2