Perfect Wyckoff accumulation at point of maximum opportunity

The Wyckoff Accumulation theory can be seen in action for IOTA, with the price range having just entered into phase C marking the point of maximum opportunity. Here I break down both the key phases and price levels, and how IOTABTC is so far following this to a tee. Should this play out according to Mr Wyckoff, a potential 400-500% increase should be about to begin.

Phase A
  • PS - Preliminary Support: following a prolonged downturn buyers step in, indicating that the downward trend may be nearing its end. Further confirmation seen with a volume spike.
  • SC - Selling Climax: selling pressure climaxes with panicked retail investors absorbed by large scale investors.
  • AR - Automatic Rally: the initial wave of buying defines the accumulation trading range.
  • ST - Secondary Test: a bottom is confirmed with a revisit to the SC (with low volume )

    Phase B - multiple visits to the ST and AR are seen during this phase as we move within the trading range. Occasionally these may wick outside the trading range to close shorts and longs entered on tight stops.

    Phase C
  • Spring - price moves below the ST (the low of the trading range) for a final shakeout as large investors mislead the public about the future trend of the market, giving them an opportunity to accumulate more at a bargain price.
  • Test - Large investors test market support at key levels - if a large supply is found the market is likely not ready for a move up. However once good support is found, higher lows will be seen.

    Phase D
  • SOS - Sign of Strength: a strong price increase on high volume .
  • LPS - Last Point of Support: the low of a pullback after each SOS, as previous resistance becomes support. Despite the name, there can be multiple LPS .
  • BU/ LPS - Back-up: when a new trading range is introduced prior to another substantial move up.

Phase E - price rises up beyond the PS (preliminary support) marking the end of the accumulation phase.

With IOTA currently entering phase C, potentially forming a spring (and with Bitcoin approaching strong resistance on market dominance), this may well represent the point of maximum opportunity - though as ever, ensure to set a stop loss in case the spring has not yet reached its own bottom. Alternatively, keep an eye on IOTABTC and look out for a post-spring test or SOS as further potential entry points. This a long term trade, with the full 450% move to take until early-2022.

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Comment: Phase C (the "test" following the "spring") is playing out perfectly so far.
Comment: Textbook Wyckoff Accumulation continues
Comment: We appear to have entered phase D ahead of schedule rather pleasingly, and currently in:

"BU/ LPS - Back-up: when a new trading range is introduced prior to another substantial move up."


Great analysis, to the point. Thanks for sharing.
+1 Reply
Thx for sharing. Great info!
+1 Reply
Fantastic Chart, You only need a handful of these to get going into the stratosphere!
Any thoughts on ELF right now in Wyckoff phase C or D?
This is really interesting, but I think your period is too long. IOTA will not wait 2022 to break his ATH. We are in a full bull cycle with the most important news like Coordicide.

Thanks for sharing !
BAT BTC chart looks very similar , take a look ( though I'd expect 6x to 10x or more there per fibs . )
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