In this analysis, it appears bitcoin is following a previous schematic from 2020's May > July Wyckoff Reaccumulation before breaking up to where it appears we're repeating the same schematic again yet again.
If this plays true, we'll have a few weeks of a small % movement sideways trading range.
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In this post, I'll be analyzing Ethereum's Tether pair (USDT), using the Wyckoff Method.
What is the Wyckoff Method?
The Wyckoff Method was developed by Richard Demille Wyckoff, a famous technical analyst of the early 20th century.
He proposed the idea that markets can be understood through a detailed analysis of its supply and demand, which is seen through...
Price action of BTC seems to be following the Wyckoff Reaccumulation schematic. Granted, distribution, accumulation, and reaccumulation all look similar, but considering BTC is pumping hard I wouldn’t bet on this being the time.
Second, @IncomeSharks tweet pointed out that the OBV is forming a consolidation pattern, as it has when correcting in a bullish...
Follow along with me here since I posted my last idea about this (see my linked ideas) Gold has done some interesting stuff. And now that I've had time to digest it, I understand what's going on (kinda).
Ever had a trade where you knew you had the trade correct, it hits your sell limit and takes off and your twenty pips up. And before you know it, you 50 pip...
According to Wyckoff Theory Btcusd is Bullish on the Daily . Its also showing a re accumulation schematic. We are currently in the LPS (last point of supply ) and SOS (sign of strength) mark up. Where the market breaks through the previous "ceiling" and constantly show bullish power.
❓ What is reaccumulation? It is a trading range within a continuing uptrend.
🔸 Applying Wyckoff logic to the Bitcoin trading range gives us picture that shows reaccumulation after shakeout.
🔸 Absorption of supply happened in the trading range with strength and without violation of support.
🔸 The high of 10400+ and low of 7900+ (depending on the exchange you are...
X Force Global Analysis:
In this analysis, we explore Bitcoin's bearish scenario based on the Wyckoffian logic.
- On the right hand side, we have a simple diagram of the market phases developed by Wyckoff.
- It's important to remember Wyckoff's emphasis on supply and demand, cause and effect, and effort.
- In the accumulation phase, there is a...
Richard DeMille Wyckoff was a famous stock trader and investor, born in the late 19th century (1873–1934). Wykoff was a pioneer in the technical approach to stock market research. Wyckoff’s analyzed these market operators and their operations and concluded where risk and reward were optimal for trading. He shows the position of stop-losses at all times, the...
MDLZ - on the weekly Chart there is very long Accumulation and looks like Re accumulation now
for now i am waiting the Market will cool down from the Corona Virus and will see how the bounce in last week will affect
for now to follow but it looks nice for big target
From September 2018 through to May 2019 this stock was in a re-accumulation phase. You can see there was a sell off in September when supply it the market and the stock pulled back.
From November the stock hit support and from there we started making higher lows. We took at the top of the trading range in late February where we a sign of strength. The stock was...
BTCUSD: Wyckoffian Reaccumulation not Distribution. Comparison to 2018 Top.
Theory: Bottom is Already In at 9k or Will Be in Shortly in ~8.3k-8.8k range with Spring #2.
Look for breakout through JAC (Jump the Creek) as confirmation.
Good morning traders. Price printed a new 2019 high of $6336.93 in the past 24 hours. The more bearish among us continue to watch on in disbelief and reload shorts each time they're liquidated. The Bitfinex premium, which was recently almost $400, has now dipped to $120 while price has continued to rise. The Bitfinex Shorts/Long ratio remains at its highest levels...
Good morning traders. I hope my continued insistence on risk management over everything else has gotten through to everyone. Yesterday's surprise news -- the Binance "hack" -- was a good example of the importance of risk management. Price dropped just over $200, as a result of the news, which liquidated many traders. The positive side to this is that Binance will...