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Wykcoff

$79k ATH target September - Wyckoff TopUpdated Wyckoff Scenario Based on New Data and Trends - The Selling Climax at the Sign of Weakness (SOW) is now complete. - Next stage is the retake of the mid-range (still at $64,500). - Bitcoin's price is expected to experience an upward thrust during the western summer, reaching a new all-time high (ATH) of $79,000. - Phase B is projected to conclude by the end of 2024. - A breakdown from the current structure is anticipated around mid-2025. ALTs are expected to perform well over the next few months, hitting their Q1 head and shoulders (H&S) sell targets last week. Expecting a similar formation to 2021 Best, Hard Forky
Long
by hardforky
1
Bitcoin Analyze (Wyckoff Redistribution Schematic)!!!😉It seems that Bitcoin wants to complete the Wyckoff Redistribution Schematic Pattern . Bitcoin was able to make a UTAD above Resistance Lines, and now we can expect that Bitcoin goes down to Support Lines. Also, Wyckoff Redistribution Schematic pattern Verify my previous post about Bitcoin 👇 Bitcoin Analyze ( BTCUSDT ) Timeframe 8H⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13
XAUUSD Gold : Understanding recent 8 week price action! 28.4Hey guys! Really important for me you read the text on chart to understand fully. Accumulation phase means buyers are feeling out the market and price action is likely preparing for a breakout up. Distribution phase means the buyers are offloading their stock, essentially taking profits, shorting traders also enter the market bringing price action down. Usually, depending on the down-trend, there could be a re-distribution phase or two within the down-trend. At the bottom of the down-trend we again have the accumulation phase initiate with potential upside breakout. On the chart you will find real time review of the phases and bullish possibility is very valid supported by technical indications such as: *RSI double bottom oversold *Falling wedge pattern - consolidating highs and lows in a wedge shape down, bullish *Connecting lows of the last 8 weeks *Horizontal level of support ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you liked my idea and thoughts, please like and follow! I promise to continue and provide quality content daily. I also will answer any and all comments and encourage you to ask questions. Thank you so much :D ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OANDA:XAUUSDLong
by Exactus
7
Solana + Wykoff + Elliott + V-ProfileHello Reader 👋 Currently learning the Wykoff method to further confirm my analysis on Solana.... I am still learning this but all you have to know is that we are at the bottom of a consolidation.. or in Wykoff terms we are in a "accumulation phase " which could lead to a break out towards the upside i labeled everything on the chart for an easy read. i am just getting familiar with the Wykoff method so this is just my interpretation and could have mislabeled some areas so feel free to express your thoughts in the comments below or give a like if you agree.
by gammabean
Potential Schematic Almost Complete!Gold - Potential Distribution Schematic almost complete, I'm waiting for NYSE open for price to maybe have one more upthrust into the LTF imbalance (Zone marked on chart) before quickly dropping below the BC and then breaking to the downside, this could be a very nice trade, let's keep an eye on it and see! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
OANDA:XAUUSD
by benalistarfx
Ethereum Name Service (ENS) Wykoff Accumulation Price PredictionA price prediction for the ENS token using a Wykoff Accumulation pattern on the 2-hour chart for ENS/BUSD on Binance. The initial spike in price on Binance has been omitted from this prediction as it was mainly due to the listing of the token on Binance and the spike in liquidity that came with it to the platform. Looks like ENS is currently headed into Phase C of the accumulation pattern. Will be interesting to see how this prediction manages to fall short of what will really happen with the price. Currently, if this prediction plays out in any fashion, the price chart looks like it is preparing to print out a nice "W-Pattern" in the coming days.
ELong
by AHoboWithAStick
XRP - bearish theory ..Long term overview. higher time frame patterns and potential cycles. This chart simplifies overall concept of where we can properly assume smart money to be making heavy plays. XRP has stood the test of time. As long as the bulk of long term investors into the ripplesphere don't suddenly this could still be the best rythmic asset for long term over all gains. The bullish representation of XRP on the same htf charts looks just as delightful to know you could likely hold long term positions in any direction. If you have thoughts feel free to drop a comment. I can only go by what i see. What do you see?
BITSTAMP:XRPUSD
by Explicit-Mentoring
3
GBPUSD Weekly Chart Wyckoff Accumulation Events and Phases Hello Traders, TGIF all! I observed a Wyckoff Accumulation Pattern on the weekly chart of GBPUSD and I wanted to share the event and phases of Wyckoff schematics. Wyckoff(1873-1934) was a pioneer in the technical analysis of the stock market. At the age of 15, he started his job as a stock runner for a brokerage in NY. He observed the studies of JP Morgan and Livermore at his time and he arranged their practices into his technique and made them a method to analysis the financial markets. His influential approach to the market helped him develop his work and he founded a school that became Stock Market Institute later. Wyckoff analyzed trading ranges and the power of the break-outs from that trading ranges. He studied phases and levels of price that moves in harmony, hinting analysts estimated price targets in a pattern. Phase A describes the end of the down trend. Up to selling climax , supply exceeds demand that caused drop in the price. Phase B means building phase of price action. Market participants want to observe a cause to buy an asset and may want to observe how fragile the assets valuation. In that Phase, While observing the assets, participants interest is not only observation but also low prices. Race to buy at a lower price establishes a trading range and creates a wave between going up to resistance and down to support line until the observation on diminishing the volume on down moves of the price. Low volume on price drop means, supply starts to fall down while demand stills. Phase C is the phase that asset price goes through a hard test with the remaining supply. As seen on chart, Spring or Shakeout is the level that price moves below the support level and quickly turns back into the trading range while skimming the cream of sellers. That's a bull trap! Phase D is the phase that demand starts to exceed supply which moves price higher with heavy volume. We should observe the price at least move to resistance line of the trend line in Phase D! Price leaves the trading range in Phase E and demand takes the control of the price. We can observe some small trading ranges which are in favor of the price increase. Lets see how this will result. Wyckoff's methods are still applicable today and love to see his contribution to financial markets. Hope you all enjoy my work! Please leave a like and comment of what you think. Trade safe and have a nice Weekend!
Long
by gorkemaydogan
Bubble Explained Part 2Last week I blasted out my own take of what was happening in the Crypto Market. Specifically with a variation of this BTCUSD chart. I began to explain the bubble what caused it, and most importantly what this pop will look like. A delightful follower send me to look at the Wykcoff Method, which led me down a rabbit hole that really allowed me to zero-in on this charting. Wykcoff is one of the pioneer fathers of technical analysis. I'd say it would be worth your time tk check out some people explaining how to works. I happened to discover this on my own, but the Wykcoff method explains this "above trend" maneuver that showed some serious deviations from my original chart. Here we see that the combination wedge broke out earlier this week, which really devastate my original idea but, now with the new findings of Wykcoff and his method of analysis. We see that there is a definite confirmation of my original hypothesis. We see a break out, which is the market attempting to turn around, and find a new price zone (comprised of micro supports and resistances). This trading zone is essentially the peak to peak of any consolidation, which eventually meets a decision of continuation or denial. We saw a large denial. The first denial happened after the first peak, which tapered off quite elegantly. But the second top, blew the price to pieces. Elon Musk saw this and tweeted about it moments after the technicals made that pivotal turn. (Remember Elon is a genius, and also a business man. He is also trying to move the process faster by making tweets that will eventually bring our prices back up to very delightful levels. He also can't give you trading advice ever. He tweets after technical points, because its proven to shorten consolidation periods.) In the Wykcoff Method, the second drop is the most important, it verifies the actual consensus from buyers, because we can't assume trends until something happens twice (double top/bottom) Lastly we went for a second retest, that arguably was the nail in the coffin that showed investors just how strong the bears are. Longs didn't make it near their original double-top levels and only made a small impression on 1D charts. SwayzePunkz is short on the entirety of CIX as unfortunately for now, there isn't much deviation from BTC and CIX. These price levels will return, but we need to hit the bottom before we think about that. We are placing price targets for End-Of-Week at 28k, and 1week price targets at 21k. Lows could bounce off as low a 18k before we get back into a bull market. Thank you, as always trade with your charts, not your emotions. Keep it real and let me know what you think!!
Short
by SwayzePunkz
21