Understanding Wyckoff Patterns: A Brief Overview Richard D. Wyckoff's trading methodologies have stood the test of time. These patterns are characterized by phases of accumulation, manipulation, and distribution. Ethereum's 4H Chart: A Wyckoff Tale On Ethereum's 4H chart, we see signs of accumulation, where smart money starts buying. The next phase could be...
Gold price is in a slightly bearish phase, staying below $1,820 due to the impact of the yield of the 10-year US Treasury bond, which is above 4.7%. This situation makes it difficult for XAU/USD to undertake a significant recovery. Technical analysis on the daily chart indicates a bearish trend for XAU/USD, with indicators showing an abundance of sell signals in...
I have posted the picture to a full Wyckoff schematic on the top right of the chart! Notice that we are currently at what could be considered the sign of weakness in phase B and could rally to the high of the range on this trend break! You can see the support of the entire consolidation can be formed off of the point we are at. Phase A outlines the support and...
Bitcoin had a 20 week rally starting 21 November 2022 after 23 weeks of double bottom formation which was the sign of strength (SOS) event in this accumulation structure. Now, after another 26 weeks of sideways re-accumulation type structure, Bitcoin has retested 25k zone multiple times and flipped this once resistance in to support and is ready for the markup...
Obviously the re-accumulation is done. NASDAQ:XAG has found its Climax around 14$, played in Phase B for 6 years with an attempt to 21$ thus creating an UpThrust, till “COVID”, where price collapsed to 11$, found “some” buyers that sent price to the opposite direction. As you can see JAC is obvious ; BU seems to be done as well, bullish divergence confirmed....
Understanding Bitcoin Price Movement through Wyckoff's Theory Richard Wyckoff, a legendary figure in the world of trading, left us with invaluable insights into price action and market behavior. His principles, outlined in "Charting the Stock Market," lay the foundation for understanding how markets move. Let's delve into two pivotal rules from Wyckoff's...
XRP, often referred to as the "banker's cryptocurrency," has been through its fair share of ups and downs. However, an intriguing pattern is emerging on the charts, pointing to a potential bullish trend. Let's delve into the Wyckoff Accumulation-Manipulation-Distribution cycle, a pattern that has historically signaled bullish moves. Wyckoff Accumulation: The...
Few months ago, I posted on the USDT.D ( Follow the money if You wanna hit your target ). According to the CryptoAsset market, USDT.D is 7.86%, so far. But if we add CRYPTOCAP:USDC.D to this chart, what is not insignificant because they are predominantly used in DEXs, we reaching 10.22% . Knowing that CRYPTOCAP:BTC.D is at 49.86% ; CRYPTOCAP:ETH.D at...
In the daily TF, after engulfing the $16,218 area, price started to accumulate. This accumulation took almost 60 days and BTC had very low fluctuation but after the accumulation price started to break all the SR lines and even the mid-term trend-line. As a result of these engulfing these SR lines, we can see FTR zones were formed and had supported the rise in...
Yes these lines might cause you seizures do not look at them if you have or a family member has experienced or has a history of having them. I am going to post two charts one is something I just made. so simple. and another is my indicator. both say market wants to dump to 1900ish-1905. this chart a signal when the market basically burps or farts....lol...
Based on wave structure and volume, I have the following plans for upcoming BTC as of July 17, 2023. If BTCUSDT returns to 29.5k I will have 1 Setup with a Short position at the price 29.7-29.8 and the price target go back and react at the 28.2-28.4k area ( TP1)
So we need to overcome 30 weekly average to be bullish. If not, I would say we can repeat the rejection of the past and go as far down as 23$ as a final step by end of March to recover from there, as last point of the Wyckoff distribution schematic. I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that...
OVERALL DAILY TREND: BULL BIAS in HTF From a Daily TF perspective, there seems to be a higher timeframe Wyckoff Accu 2 at play. There is a DTF Rally that is undergoing a pullback sequence and is already at the area of the Daily Fib 618-786 Expectation is that PA will reverse soon to the upside. DAILY CYCLE POTENTIAL OUTCOMES for today: D3 shorts/ False Break...
Gold is currently inside a daily/4h bear channel correction to lower 1800 weekly/monthly demand levels. Overall trend for gold is still bullish on the weekly/monthly, so a buy in the 1800s is a very good opportunity, which would mean forming a Wyckoff Phase C LPS for a potential rally to 2000 by December or next year. Failing 1800s or holding 2000 level would...
Hi there ; to those of u who are familiar with Wyckoff, as i have just recently started getting into this type of analysis , maybe we can make some sense out of this market moves . - it seems like phase A has been successfully accumulated supply and the diminished volume in mark-downs , make it seem promising . - as now we enter phase B , we will attempt a...
EURUSD Wyckoff Pattern EURUSD - H1 Chart - Wyckoff Pattern in Accumulation Phase 1. Preliminary Support (PS) Preliminary Support or PS is a support level that forms after a significant fall in market prices. It’s caused by Big Institutional Players and Smart money traders, when they try to acquire bullish positions after a strong selloff. In the image, you...
EOS needs to break 2$ to get on a mini-bullrun to all-time highs and beyond, with main support at 4-5$. Otherwise - when rejected - this project will go down forever.
🐻 Bear Market Recap: A bear market is marked by a prolonged period of declining prices and pessimistic sentiment. It can be challenging for investors, but it also sets the stage for a potential turnaround. 📉 Structural Breaks: One of the key signs that a bear market might be ending is the emergence of structural breaks on the price chart. These breaks could...