Looks like a final accumulation maneuver in Wyckoffian study, the 'Back-Up to the Creek' (BU), just before a major price increase. Through the back-up (BU) phase, on the much shorter timelines, we see support/resistance peaks on both green bars when price is increasing, and red bars when decreasing....which pretty much means there exist both positive and negative...
A little early for this one But the current pump and looking at the support / resistance level this looks like accumulation on a macro scale! Will put up an update once i get a more clear picture. Heavy resistance on the weekly at bottom of TR
The last time that I entered in a stock after a Wykoff accumulation it was a very good deal at that time I did not had any idea about what a Wykoff accumulation is but pushed by my instinct I bought a golden goose. I very don't like big data and I detest watches that should check if you are healthy or not. For my self there will be no place for such kind of...
G'day Cobbers, All relevant information is on the chart. Good Luck
The price action of ETHUSD since August 2018 is neatly following the standard Wyckoff accumulation pattern. Although some look at it as a bearish pennant which is breaking down, this idea tries to show the bullish potential of Ethereum. It is also to be noted that the ETHBTC pair has basically bottomed around the point indicated as SPRING, by touching several...
Who whom looking for god low risk/high reward trade here is point. Wayt for low volume tes of 1.15830 area and as soon we get confirmation go long. SL @1.15240 and TP @1.18495 You can add you position @1.17005 and @1.17500 CME:E61!
Based on a POC breakout. seems like we've passed the spring, and ready for breakout. consider this setup on a breakout above 1650-1700 levels. entry : 1670 target : 2350 stoploss: 1290 this is not a signal or trade advice, only a possible setup for educational purposes.
In December, we saw a big selloff and High Volume in NEO. With almost half the volume, they pushed the Prices up, and a trading range was established. Since then the market has been tested twice (ST) with very low Vol. and then we saw a spring. According to Wyckoff, this is the time to get in the market. The trading range should test the top again- perhaps this...
BTC - Accumulation on macro level looks good so far. Current rounding bottom is looking very strong Red lines are resistance points that i expect to be respected and stop a rally or give support once broken DO NOT TRADE UNLESS YOU AGREE WITH MY TA, I'M NOT AN EXPECT AND THIS IS NOT FINANCIAL ADVICE! MAKE SURE YOU HAVE GOOD RISK MANAGEMENT FOR A LONG TERM PROFIT!
I have tried to identify Wyckoff's accumulations phases and a reversal is near. Please bear in mind that this is my first attempt to identify Wyckoff's phases, comments are welcome. The high volume supports the selling climax SC in phase A, where all the supply gets absorbed. SC is also supported by an Elliot wave 3(extended). The AR automatic reversal-, which...
Possible Wyckoff accumulation at play.
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Previous analysis /position: Seeing indications that $6,800 would breakdown...
Perfect Wyckoff accumlation schematic 2 - stockcharts.com -MACD crossed above the signal line and under the horizontal -Demand signature on volume proceeding supply absorbtion - VPVR confirms this aswel. -3rd test of range support, just for good measure I have placed the stoploss under the 1.618 fib Extension incase we see a schematic 1 'Spring' below...
Most of the Alts look like they are in a accumulation zone. And especially EOS remembers me of Wyckoff´s Accumulation schematic. We have high Volume at the SC(Selling Climax) which indicates a change from "dumb" to "smart" money(look at the Bitfinex chart to see it more clearly). Followed by the AR(Automatic Rally) and the ST(Secondary Test). The we have a...
Good Monday morning, traders, and welcome back. Bitcoin had a quiet weekend ranging with price while nearing completion of its LPS (Last Point of Supply) in the form of a pennant. I believe this to be subwave 4 of the larger wave 1. As such, my expectation is that we will see price reach $8700/$8800 or $9200/$9500, with the latter being an extended subwave 5....
GNTBTC On the hourly is on the final LPS of an accumulation phase it is testing the old resistence and buy pressure if it holds we should be starting our next wave up meaning that the bleeding should stop and we should see some significant upward moven't over the next month or so. So this isn't advice do your own research and only invest what you can lose.
When I got to thinking about the Wyckoff Events, I thought about this as a possibility most are not considering (where April's low was just a Secondary Test). Complete Theory but we will know soon enough. Keep an eye on the resistance areas in case we start pulling back.