Wyckoffaccumulation
EURGBP UNPOPULAR OPINIONDISTRIBUTION INSIDE AN ACCUMULATION
I cannot tell you guys in full totality that this schematic is right for sure, it is just an anticipation of the many possibilities offered by the market.
Overall bias is shorts till they sweep the liquidity below.
Interms of intraday perspective I think price will continue down and reverse at 0.8500 zone in preparation of a lpsy.
Enter shorts if and only if price shows signs of a distribution to go lower at the first lpsy.
Classic Wyckoff Accumulation playing out.Noticed a perfect example of a classic Wyckoff accumulation playing out on the 6H, and wanted to do an explanation of how instructional investors and whales define support and resistance zones and use them to shake out retail investors during accumulation.
The Wyckoff method plays out in every market that has institutional investors. Once defined, understanding it is a powerful card to have in your hand when you're trading. You'll notice from the volume profile on the right that the price action stays within defined support/resistance levels.
That's because the big buyers set the levels. This $31,500-$40,500 range is also the defining volume range in the distribution leading up to the ATH, making it a substantial level of support over the long term.
Reading volume is important when doing Wyckoff analysis as it will definitively tell you whether a move is false or not.
Note that the uptrend in Phase D & E are for illustration. We may still have some bear market to come, but we are at the strongest region of support since the start of the bull run, so we may be turning around.
Understanding the psychology of greed and fear is important as well. Greed is the driving force of large investors to shake out smaller retail investors during uncertain market times. It works because retail investors tend to trade on emotion, becoming fearful when a large price drop takes place. Institutional investors can ignore emotion and and simply stick to their targets as they have a much larger financial cushion and the ability to act as market makers on a larger scale.
Once you understand the psychology of fear and greed in markets and how volume can be used to confirm price action, you can stop being fearful, stick to a strategy, and begin trading with the market movers instead of against them—as more often than not this is a losing battle.
Wyckoff's Accumulation phaseThis is Wyckoff's Accumulation phase that is tricky to understand, Wyckoff's methods are real smart money concept. Actually Wyckoff's understand how SM place their orders. So after a long time by studying markets sir Wyckoff distributed his knowledge between public. And reality is Support and Resistance work but not so nicely SM know how retail traders trade the market. So they break the retail levels induces public and collect their orders and reduce public From trades. Concepts are little bit complicated to apply in real time chart, but it actually works.
If anyone wants to learn those concepts then they can search on Google 'Wyckoff's method'.
$NMTR SINE WAVES$NMTR SINE WAVES
RS Ratio: 1/10 on 2/07/2018
Wyckoff Re-accumulation after decline, Strong Volume building
High Spike in Volume, MMs loaded on 8/17/2020
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My Revised Take On The Wyckoff Accumulation Schematic On BitcoinMy Revised Take On The Wyckoff Accumulation Schematic On Bitcoin
In this chart i show you the support and resistance levels that i am looking for in te coming weeks.
Looking at the last wyckoff pattern i have drawn i changed phase D because it looks like we got the retest to 32k as i initially expected. the last 2 whicks therefore can be seen as one on the wyckoff pattern, as that is possible in these type of patterns.
I also lowered the levels in phase D because they didnt align with the whicks in phase A and B.
I will be bullish if we break 36k short term and 42k long term, bearish if we retest 30k again.
For now i hope we are still following this pattern an see some green in the coming weeks.
Bitcoin – Accumulation: A Wyckoff Study With BTC breaking down below $32.7k, it appear to me that we have just completed a wave 4 corrective triangle, within the final wave 5 of a larger 3-3-5 correction. All that is left is the final capitulation to complete the last element of this corrective structure.
Read in the context of the Wyckoff Method, this gives the technical structure for what I show as a Redistribution, and the final capitulation into a selling climax that will invigorate the Bulls into value buying, and trigger the Spring that has been so long in the waiting.
Looking at the Fibonacci projection for the larger corrective structure, and the Fibonacci Channel that has defined the trading range since late May, it appears that the bottom of the correction and the Spring is around $26k.
At least that is how I see it.
Bitcoin Wyckoff Accumulation Cheat Sheet (Update 1)Update on the previous cheat sheet with new trendlines and support/resistance levels.
Have also included the cumulative volume of each swing high and low since the Spring/Shakeout, to better show accumulation with lower volume on each pullback compared to up swings. (Note that volume is only based on BINANCE:BTCUSDT )
It appears we have just formed the second test of Phase C, with a confirmation of moving on to Phase D once we clear the 36600 swing high.
Comments and donations appreciated. Thank you!
Inspired by:
@bbrijesh
@JordanLindsey
@JKTrder
EURUSD possible wycoff accumulationI am expecting continous bullish action next week and maybe market reversal at 1.19610.
The price is likely to spring on JULY 14 as we have high impact news.
The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
GBPUSD | Market outlook Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower. Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16. But after the dollar was weighed down by some weaker details in an otherwise strong overall U.S. jobs report, sterling recovered some ground to trade 0.15% higher.
Bitcoin Wyckoff Accumulation ConfirmationIn continuation of my previous idea. The PS in the formation was too low, possibly because of series of exchange crashes, which led to long trail of triggered stoplosses. That led that the whole structure was little misunderstood. Now we had a perfect spring and test exactly where I expected it, but quite later and now we are moving to phase D. There are no strong signs of strength on clusters, but we are smoothly moving up last days, crossing last day's resistance. At any moment bitcoin was looking weak: no signs of strong buyer interests, but now almost the whole formation is before our eyes. Lack of additional confirmations does not give me confidence, that we would go all the way up from this formation, since Bitcoin knows few cases, when price went down after exit from accumulation.
[UPDATE BTC] Proof that the BEARS are losing power! (crazy)Bull&Bear trend is an amazing indicator.
You can see we are losing bear power.
What I'm seeing is that we are going sideways until the end of July with some ups and down between 30k$ and 45k$ while losing bear power on the daily timeframe.
Check the video below.
BTC Current Wyckoff SchematicAnalyses of Trading Ranges (Stockcharts.com)
"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR.
In both accumulation and distribution TRs, the Composite Man is actively buying and selling - the difference being that, in accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR."
Source and more great basic intro information for Wyckoff Method:
school.stockcharts.com
While BTC Holds Above the Previous Tesla buy in area 34200 expeciting a push to 40k or further as a confirmation of Accumulation.
The next confirmation of Wyckoff is a SOS ( Sign of Strength / Jump Across the creek) followed by LPS (Last Point of Support) to confirm the beginning of a move to Mark Up Phase.
See schematic here for reference:
ibb.co
Bitcoin About to Test Key Resistance I have updated my chart to show, along with the Falling Wedge I have been tracking, the Rising Wedge created by the higher highs and higher lows after the Spring. I have also drawn in a "Creek" line of resistance, and what it interesting about tonight and tomorrow is: Bitcoin is getting ready to test the resistance being created by those 3 confluent areas:
Falling Wedge (Yellow Dotted Lines)
Rising Wedge (Yellow Dotted Lines)
Creek (White Line)
All of which come together around the 35K area.
BTC could blow past that and begin its run to the upside, but more likely is that we see a rejection down to the bottom of the Rising Wedge at around 33.5K. All good if that happens, but if BTC breaks BELOW that resistance and starts closing candles down there, then all bets are off. I'm watching it like a Hawk this weekend.
USDCAD BULLISHUSDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders.
The accumulation cycle has been completed and we are now looking to be very bullish
This is a swing trade and positions will be added along the way
I will make a follow up post and leave a link here for my short-term perspective.






















