Wyckoffaccumulation
xlm likely accumulationIt is too early to pre-empt whether xlm is truly in an accumulation. That not withstanding, I have identified a zone were price may react from if it happens to be an accumulation. Hopefuly we will see the ST(b) form.
This is of course if we experience btc bearishness soon as all crypto bends their knees to BTC.
Happy trading
Ethereum, 2 OCT - Elliott waves | Gann | Wyckoff $ETHThe Elliott wave count in ETH has been complex and therefore we can look at the construction as a Wyckoff accumulation.
The spring precedes the STs (secondary tests), which is rare but possible.
We have left the stage of LPS and are now looking for signs of strength (SOS), potentially a wave iv (green count), followed by another higher high.
The current wave can also be the (c) of an (a)(b)(c), in blue. If correct, we may see a decline again - despite the fact that price just consolidated for 8 days. However it would make sense in correlation with QQQ. Just as a word of caution.
Potential resistance zones are:
- 3436 the .618 retracement from the 4028 high
- 3500 median between two Gann levels & 1.618 extension of (a)
- 37200 Gann level
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
BITCOIN WYCKOFF RE ACCUMULATION. IT IS BULLISHHello,
I am seeing some signs of reaccumulating. Wyckoff helps me a lot to finding the bottoms. MACRO BOTTOMS and I see some signs of strength and it looks like bitcoin wants to go up.
So, the key to find wyckoff reaccumulations and distribution is by giving is some more time.
TIME AND PATIENCE WORKS WITH WYCKOFF.
All the best!
BITCOIN Possible acumulation happeningHello.
Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things:
1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test.
2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range Acumulation.
Im trading it from the bottom of the range and have the SL set at entry point 44500.
If option 1 plays out, we are going to visit first 40-42k zone.
If this is option 2 Acumulation last phase, target is 49900, where is dangerous zone, possible bull trap zone, to start another correction.
Trade Safe.
Regards.
Eng. Alexa
$BTC Wyckoff 4hr re-accumulation poss$BTC 4HR Wyckoff re-accumulation
After some further analysis and overlays of chart patterns, I have come to the idea that this current phase that we are in fits best with the post drop accumulation and thereby that it is entirely possible that today may have been just over the half way point through the accumulation phase.
The pattern seems to mirror VERY accurately IMO although I couldn't squeeze it right using just Tradingview.
This would suggest that the end of this accumulation period would be very early October.
Trade safely guys and I would welcome your offerings on this perspective!
PumpeyeTheTraderMan
BTC Wyckoff DistributionIt looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k.
Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
BTC Long second wyckoff accumulationthis can be in 36 hour at 50K-51K
1H conformation after daily wyckoff accumulation.
100K by Dec 15-18 2021
120K by early Q1 2022
5.6K by Dec 15-18 2021
ETH maybe at 7.5K-10k by Q1 2022
My Current Benchmark for Crypto
Q1 2022
ADA $7.5-$10
SOL $275-$320
FTT $135-$170
MATIC $3.5-$4.5
BNB $750-$900
DOT $75-$100
KSM $1000-$1500
LINK $75-$95
UNI $65-$125
LUNA $85-$145
AR $125-250
WAVES $45-$75
XRP $1.45-$3.5
HBAR $$.45-$1.2
COTI $0.45-$1.65
VET $0.45-$1.25
$UUUU & *Completed* Wyckoff AccumulationThose of you who know me know I **LOVE** finding completed Wyckoff Accumulations. Today is a good day, because we found another one.
Introducing $UUUU. This stock has recently completed ~6 years of accumulation and appears to be in the early stages of markup. If you go through my related ideas of some other assets that have had similar setups, observe how those patterns ended up playing out. And bonus points here with how LONG (how much TIME) has gone into this pattern. This isn't like the 1 or 2 month patterns that crypto TA loves to go all-in with... this is ~6 years worth of effort to bring us to the start of what appears to be a major run.
Note: Don't get too caught up in FOMO - with a 6 year floor, I'd estimate it will be a year or two for the stock to hit it's ultimate top. Of course, the market is going to do whatever it wants and not ask our permission. If it pulls a GME and insta-moons with all of WSB, then the top will be found much, much sooner than a couple years (imo/nfa).
Link to schematic for review
school.stockcharts.com