There are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
Hi All, #ALGO This is a continuation of the previous post (link below). Based on Wyckoff stages, we are at consolidation phase E before making the big move. All the best, S.SAri PREVIOUS POST, link ==========================
For description of Wyckoffian terms/abbreviations (or generally more info on the method itself) please refer to Bruce Fraser's blog on StockCharts. If BTC holds $44500 level (which would validate this analysis) this weekend we should see start of a strong mark-up monday.
Looking good, adding some labels for better explanation. Being a RE-accumulation after the fomo/hype sell off top, the labels begin with typical distribution labels. IF all goes well, volume will drop off as the price set's a last point of support, we should then see a sign of strength leaving the range, most likely a back up to creek edge, and then a...
The purpose of this idea is to give beginner analysists a introduction to some key principles and methodology used in understanding the movement of price within markets. One of those key principles is Market Phases, and we also use the Wyckoff Method to help us understand these Market Phases further....
1. Who is “Wyckoff”?: ----------------------------------------------------------- Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the...
Standard Wyckoff overlayed on the BTC chart mid-december 2021, and respected since... but, for how much longer?
you know It! Wyckoff everywhere! Accumulation of bananas has been soo bloody. To the Moon! Tendies nice and warm, sweet tea, crinkle french fries. life time baby! ( APE SOUNDS APE SOUNDS APE SOUNDS) ( APE SOUNDS APE SOUNDS APE SOUNDS) ( APE SOUNDS APE SOUNDS APE SOUNDS) Goodluck! NFA!
See a good potential for growth on FIL. A strong volume breaking the stage of Wyckoff accumulation
Hey team! Simple labelling of Wyckoff accumulation shows further time required before our large impulse movement. Love, peace, Seb.
I think I am seeing a clear Wycroff accumulation pattern.
Now Bitcoin continues to follow THIS pattern! Globally, Bitcoin is in a larger consolidation channel with a range of $30-67K. This consolidation is not a bear market until the price creates lower lows. Right now we see on the chart higher highs (HH) and higher lows (HL) on the higher timeframes(1d,1w)! Bitcoin exactly repeats the Wyckoff Reaccumulation pattern,...
Marvell Tech Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow) Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support... Today's flow was...
Hello everyone, I am posting here my analysis about what could happen next on US30 and why. on 4 hour time frame we can see the PSY, BC , AR, ST , SOW and UT have already been formed. The price has shown indecision and hence gave a reversal after breaking the RETAIL support (Providing break of structure or activating pending stop orders), it can be seen that the...
As institutional investors have started to get involved in crypto, we have been seeing more and more similarities to the stock markets and as such, we saw our first Wyckoffian patterns February to April in 2021. Followed by a very obvious accumulation pattern. As we have recently had two distributions to follow, it looks like we might enter another accumulation...
Please note, the zone marked in the chart has more probability of being mitigated and being used as a zone which can fuel EURUSD up trend. The main reasons are:- this is the extreme zone in 15M time frame which caused the break of structure to the upside and also while facilitating this, it sweeped the liquidity in the 4H time frame. Therefore, i believe it is a...
Ladies and Gentlemen, we are now in phase C possibly going towards phase D according to Wyckoff Distribution Schematic #1. Moreover, if everything matches the pattern, we should expect possibly a 4K+ ETH before returning back to accumulation phase.
Great trade, based on Wyckoff Method coupled with 2x VWAP/100ma/Volume setup for price action. Exit at 44k respected beautifully. Bitcoin could be on the road to healthy bullish recovery if we pass 45k.