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Wycoff

BTCUSDT LONGNoticed a repetitive activity since the deep, from the spring below BTCUSDT experienced a jump to the area I tagged scenario 1 and then gave a nice uptrend channel which got invalid at the high with ? BTCUST could not continue with the same uptrend channel structure, it signifies weakness in buying pressure. After that price dropped and then gave a repetition of scenario 1 but this time facing the bear. In my opinion movement back to the current low signifies completion of imbalance-
Long
by Korayde
EUR/JPY BULLISH I started of by noticing a bullish reaction to a level of interest to the upside in the daily chart. In order to confirm the bullish directional bias, a major accumulation was identified in the 60 min chart. However a minor accumulation within was formed and a trade was taken upon confirmation , in the event of confirming the previous major accumulation an even smaller accumulation was formed and a trade was additionally taken based on it. After the consecutive minor accumulations the market picked up enough momentum to confirm the major accumulation which we are now looking to participate on, given the conditions remain bulllish and the accumulation is not invalidated. For more in depth explanation or discussion. Leave a comment below requesting.
Long
by smilescloud
USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales.. Its still too early to tell but as we wait lets see whats in store for us
Long
by hakeemb
BTC Very Likely in Wycoffian REdistributionLots of TA guys that apparently very recently found Wycoff theory seem to think that we are in Accumulation after just a single markdown and I don't see the case for that currently. A period of long term accumulation will lead to a mark up and then a consolidation in reaccumulation. Likewise when things begin to step down there is a distribution, markdown, and then consolidation for the next leg down. That consolidation is very often Redistribution. Think of re-accumulation as wave 2 in Elliot impulse or wave B in correction. The main difference is the direction into the trend and instead of preliminary supply we have preliminary support and instead of a buying climax we see a selling climax. One key point for each of these formations is you do not always get the Upward Thrust after distribution, but it is a nice sign when it occurs because it helps you see the distribution and know that the markdown will proceed violently. Since the price action is after the upward thrust and last point of supply I expect things should start moving in relative short time. It is very likely that this markdown will make up the right shoulder of this head and shoulders but that target setting has been covered by enough analysists I don't see the point of wandering off. I will just reiterate that I think we will bottom (and accumulate) around the 200 week SMA & the bottom of the monthly Keltner Channel, with some wicking.
BITSTAMP:BTCUSDShort
by This_Guhy
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