Get started

Wycoff

ETHBTC - 2 ETH may soon buy 1 BTCBINANCE:ETHBTC is one of the most hated trades on the market right now. And based on price action from recent months and years - definitely for good reason. Ethereum is being viewed as a stale rust-bucket compared to the superior monetary properties of Bitcoin and the younger exuberance found in Solana. However don’t bet the house on that narrative continuing over the coming months. To me it seems that Ethereum may well have its time to shine once again... Reasons to be super bullish As crazy as it may be to say this, Ethereum can soon reach the rather insane price target of 0.5 BTC per ETH in the coming 18 months. The pattern for the last 6 years has been one of accumulation, Wycoff Accumulation to be exact. Just look at similarities with an example pattern of GOLD posted from a few years ago, of it similarly being in deep accumulation and the price action that followed. I’m willing to stick my neck out and say that the Wycoff (coiled) spring from the BINANCE:ETHBTC chart above has now completed, after over-shooting the downwards wedge (in white). Such an overshoot usually leads to the most volatile reversals, and is therefore one of my favorite trading patterns. Not only that, BINANCE:ETHBTC also has a clean-looking cup & handle pattern forming, dating back to May 2018. Should that come to fruition, the minimum price target (taking the height of the cup via white arrows) would equate to 0.5 BTC. That just so happens to also perfectly coincide with the 1.414 fib level drawn. Now, would Ethereum stop there? You’ve got to imagine so. However it may not… BINANCE:ETHBTC 's onset to markets saw a 95x (pink arrow). Taking the same measured move, from the bottom in January 2020, would equate to a 30x move from current levels or a 55x from 2020's bottom. That would indicate a final target of 0.91 BTC, at the 1.618 fib, by around April 2026. Another reason to suggest the selling is over, RSI is putting in a higher low, whilst price is making a lower low. BINANCE:ETHBTC is mirroring the same setup as September 2019, with similar targets possible. Reasons to be sceptical We should be in a clearly bullish period, between Mar-24 to Apr-26 although we have yet to see bullish price action as of today. BINANCE:ETHBTC already enduring its bearish period from Dec-21 to Feb-24, this is unlikely to be another. If we’re going to see the above come into fruition, we must soon see a huge uptick in volume in Ethereum in the coming days. Watch the green arrow underneath the chart to see if that happens over the coming 15-18 months. BINANCE:ETHBTC looks to have already bounced off the 0.024 BTC per ETH. Or the 0.382 fib level (turquoise line). I expect very limited downside from here. What might trigger a bullish change? MSTR thanks to Michael Saylor has popularised his company as a quasi-leveraged ETF, turning the balance sheet of his company into a fast-tracked success. Can you think of another company that is flush with billions of cash that is aligned with defi, NFT & decentralized markets and has one person on the board calling the shots for their investment committee? GameStop could well be the first public company to put Ethereum on their balance sheet and spark a huge step-change in the amount of institutional investment into ETH, over say BTC. They currently have $4.8bn in cash on their balance sheet and have yet to announce any M&A or changes to their corporate treasury. Watch-out for catalysts, alt-season I sense is coming...
Long
by DigiDavid
Wycoff Re-accumulation or DistributionWe've been ranging for past 4 months, since Nov 2024. Are we in a Wycoff re-accumulation or distribution? If we are in re-accumulation, we could break above creek without taking out the lows. There is another scenario where we take out the lows at 89k, grab liquidity and form a spring. We want to see daily candles closing above the last lower highs of the creek formation. The other side of the coin is we are in a distribution event, we're going to pay very close attention the next time we head toward the top of the range, we want to see volume coming in and a break of all time high, if we get a rejection and begin closing below again, the probability of a distribution event increases. If we close any high time frame candles below the range low of 85k the probability increases that we fill the inefficiency at the 70k range.
INDEX:BTCUSD
by Slumach
XAUUSD need to be careful Liquidity is extremely strong in this area, creating a high probability for price to move both up and down to trigger all stop-losses before continuing the downward trend. What we expect: The price breaks this box to the upside, grabs liquidity from the minor high, and then resumes the downward movement, aligning with the overall bearish trend for gold. This scenario highlights the importance of staying cautious and planning trades carefully around these key levels.
OANDA:XAUUSDShort
by hakimbo989
XRP - Next move for xrp! #xrpcommunityXRP - completed its A,B,C correction. looking for a Elliot wave too 0.65 - this would be the next resistance level's. first looking to get back into the creek then would expect a breakout! XRP being XRP, likely it pulls back then stalls with the long grueling lawsuit holding it back * lawsuit due to come to an end any week - which makes this coin very unpredictable! *markets are posed for a verdict this month or at least some progress in a bullish direction. *also waiting on liquidity to transfer into the altcoin market. would expect that to come fully after BTC completes its rally.
BITFINEX:XRPUSDLong
by dibz1996
IOT repeating a move from VEEV in 2017 Very BullishSince I have been using chatGPT, I have taken a very bullish approach to all things ai. This stock is one of the leading in its sector. While charting it I noticed it had the same Chart Pattern as VEEV in 2017. Which went from 17 - 50 in 8 months. So far this stock has spent 4 months under institutional control since it hit its low and started Accumulation. Its low is around $8.50 and looks like its following this pattern almost perfectly.... there are some efficiency differences but somehow gets all the moves still in there. Ill post the Chart here for you to see. by iCantw84it 03.30.23
NYSE:IOTLong
by iCantw84it
5
TSLA is pushing againTSLA on the 4H chart started 2023 with an upward trend taking it from basically $100 to a doubling by February 15th then a reversal in a fibonacci retracement fashion to mid level level by March 10th with a bounce up and then resettled in the same area by April 20th then holding above the upper of a VWAP band until its reversal a week later. At present, TSLA is pushing higher and has crossed ever a low VWAP band as well as the mean from the anchored VWAPs. TSLA reversed on April 27th at the bottom of the high-volume area of the profile and is now progressing through it. I believe that this is a good long setup. The stop is VWAP at $178 The target is $ 196 which is the neckline of the head and shoulders from February as well as the April 1 pivot high. i believe that TSLA has enough interest and typical momentum to push $10-11 despite headwinds like interest rates and loss of market share in China and the Nordic countries due to USD strength. The volume indicator shows relatively high volume compared with this past winter. I think this accumulation will result in price appreciation as things progress ( as per Wycoff).
NASDAQ:TSLALong
by AwesomeAvani
Bitcoin Wycoff Accumulation Phase D into EFor fun i was just re reading up on Wycoffs Methods and decide to put it on the chart to see how it holds up (to the well known photo) which it really doesnt have to look anything like the photo just so long as those steps or should i say Causes and Effects or Efforts and Results happen, it can better help you know whats happening. and not all of them have to be met, but dont let me bore you. i just wanted this archived to see how it plays out in the future. also, it lines up pretty dang perfect if you ask me. now do i think it rips through phase E to 36k-38,200 give or take? sure. and beyond? welp, it still could reject there an enter back into the "accumulation zone". esp if my thoughts on recession (light one) comes about. anyway no price targets really just archiving this to see it in the future. cheers
INDEX:BTCUSD
by Jbridgez
2
Gold Bear Case - Wyckoff Distribution Pattern - Posting for funThis chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern. I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and stay higher for a long time. Gold does not yield interest payments and so people are going to put their money in things that do (e.g. treasury bills paying 4-5% for a low risk return). I would not be surprised to see a large correction in gold to prices below or at $1k. I'm neither bearish or bullish on gold. Enjoy.
FXOPEN:XAUUSD
by XYZ-Trader-
Bitcoin Wycoff AccumulationBitcoin is playing out a picture perfect Wycoff Accumulation phase so far. will be watching for a rejection at range highs and then a spring to 15-16k. The accumulation phase is a sideways and range bound period that occurs after a prolonged downtrend. This is the area where larger players try to build positions and shake out smaller fish without causing much of a further drop in price, or the beginning of the new trend. They aim to maintain this phase until all their positions have filled, hence the name “accumulation.” According to Wyckoff, there are six distinct parts of the accumulation phase, all with an important function. Below are all phases and labels for reference.
INDEX:BTCUSD
by carls1858
3
AXS/USDT Wycoff AccumulationAXS/USDT 🟢entry: $47.660- $44.495 ❌stoploss: $39.400 🎯tp1: $124.605 🔼potential %profit: +161.45% 🔽potential %loss: -17.33% r/r: 9.32 Hi Everyone, 🧩AXS appears to be undergoing Wycoff Accumulation. During Phase A, we saw a -52% mark-down with moderate volume to Preliminary Support (PS) and a -67% mark-down to Selling Climax (SC) with moderate-high volume. After establishing a tight range for 2 weeks after SC, an automatic rally began with high volume. 🧩After the first AR, Phase B began, establishing a much larger trading range. Within Phase B, we see 2 Spring Tests (ST) with moderate-low volume. Following the second ST, there was another large AR with high volume. Beginning with the second AR and through today’s date, we see sustained moderate-high volume, especially compared to the previous trading volumes. This can be interpreted as large operators fully committing to large-scale accumulation. 🧩As price is currently at the bottom of the trading range, it is probable that we are coming to the end of accumulation by large operators and will see one last ST to establish the final shake-out before a mark up to begin Phase D. 🧩Based on this analysis, I am entering a swing long. I will enter at the bottom of the trading range and patiently hold the position, watching for price to demonstrate LPS and SOS to confirm my analysis. I will sell half of the position in the annotated range of anticipated distribution and keep half the position to be placed as price establishes the actual distribution range. Check back for updates as the position progresses. Feedback and constructive criticism is always appreciated. ✌️All good luck and always practice strict risk management!
Long
by TylerPhilip
3