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Bitcoin Continues in a Phase C Wyckoff DistributionHappy Friday. With the current news about the young trader on Robinhood who committed suicide after racking up $700k in losses, be sure to never trade more than you are willing to lose, have a plan and stick to it. Trading and surfing have a lot in common – every wave is not the right set, so look for your set and let the others go. Plenty of great opportunity exists for the patient. Currently the formation is within Phase C of a Wyckoff Distribution (arguably the most volatile of all the Wyckoff Phases). The case could be made that the formation is moving into Phase D or is there already. Phase D is broadly defined as follows: “During Phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR…. There are often multiple weak rallies within Phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions.” For the record, on the 4H Chart, the support zone the formation established at the outset lies between $9,460.00 and $8,900.00. Key takeaways from the current PA are: The formation has continued to remain constrained beneath the trend line (on the 4H Intraday) from the Upward Thrust After Distribution (UTAD) at the $10,000.00 price handle, and it appears this trend line is strong resistance and remains untested. The PA formed and progressed along a Bearish Support Line established with the first Sign of Weakness (SOW), which printed immediately after a Secondary Test (ST) of Resistance. The PA subsequently printed a Downward Breakdown of the Bearish Support Line on a second Sign of Weakness (SOW) and has been mired in a trade range in the middle of support since that Breakdown. PA spread and volume (particularly sell volume) has increased since the second Sign of Weakness (SOW) was printed on the Downward Breakdown of the Bearish Support Line to the $9,240 price handle. Since that breakdown, the Bearish Line of Support has no longer behaved as effective support for PA, and price spread has increased substantially as a result. This suggests demand has been exhausted in the higher price range. The Accumulation/Distribution Indicator is currently in a strong downtrend illustrating selling pressure is more prevalent in the market at the current time. A downward trend which is in congruence with falling prices points towards lower price in the near future. The Volume Oscillator on the 4H (-19.70%) and the 1D (-26.93%) suggesting a strong trend shift is imminent. The current cause built into the formation from consolidation suggests a target price of $8,960.00. Always keep in mind, as consolidation continues more cause is built into the formation (much like a spring being wound and compressed before being released). Consequently, the price target will shift as consolidation continues and more cause is built in. While a line of support exists at the $9,320 price handle on the 15M Intraday, my expectation is it will provide a momentary pause/resistance in downward price movement rather than strong support. In Phase C Wyckoff Distribution volatility defines this Phase. Upward Thrusts After Distribution (UTAD) and shakeouts should be expected. Unless the formation prints Upward Thrust After Distribution (UTAD) which breaks past resistance at the $9,580 price handle, Backs Up to form a Last Point of Support (BU/LPS) at or above the resistance line and bounces, the formation still maintains a bearish bias. Always remember this is not trading advice. Outside of that, Happy Trading.
COINBASE:BTCUSDShort
by FOFAgent1
GOLD: Accumulation Wyckoff Events (week13-14)Hi Guys, I hope Richard Demille Wyckoff will forgive me for this. Lol To view Wyckoff's accumulation structure referred above click this link d.stockcharts.com For a brief introduction to The Wyckoff Method please click this link: stockcharts.com Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
BTCUSD Wyckoff Analysis. Entering Phase C you laterHey guys, little late night story time for the night owls.. BTCDAILY Wyckoff Analysis. The chart is not in Log scale. Based off Wyckoff accumulation schematic #2 (or #1 if considering the spring/test) Phase A Immediately Phase A is supposed to mark the end of the prior downtrend, in this case it has only technically marked the deceleration of it, depending on you analyze it. Some put this as a descending triangle, some as a falling wedge. It's bitcoin so I figure we have to allow for some leeway. As we know crypto is a community of HODLers and there so many people out there who just hold, have coins locked away on Hardware wallets, not to mention the ~4 million + coins that are lost. Without going too far down that rabbit hole about the fundamentals of BTC being a deflationary asset, and assuming we can call this Phase A, we can see the PS(Preliminary support) & SC (Selling Climax) with heavy volume and a wide spread at the time. We know the pros caught that dip. Followed by the AR (Automatic Rally) Then a ST(Secondary Test) with less volume&tigher spread. "It is preferable to see the PS, SC, AR, and ST, because these provide not only a more distinct charting landscape, but also a clear indication that large operators have definitively initiated accumulation." Phase B "Building a cause" for the new uptrend In phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more), and involves purchasing shares at lower prices and checking advances in price with short sales. Early on in Phase B, the price swings tend to be wide, accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Isn't that just what you wanted to hear? I know you're all crypto bulls at heart :D (Unfortunately I have more bearish analysis than bullish but this Wyckoff one is definitely on the Bull side imo) Phase C It is in phase C that the price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. Beware of the Bear Traps in Phase C.(May see a shakeout to low 5K area) A successful shakeout here will reveal a high-probability trading opportunity to the long side. Seeing a SOS (Sign of strength) right after the shakeout is the confirmation for the analysis. All this being said a shakeout is not necessary to move to phase D Phase D If correct, what should follow is demand dominating supply. Multiple SOSs, widening spreads and increasing volume and reactions (LPS) Low point of supports which follow the advances(short pullbacks, or bullflags for example) Great spots to add to positions Phase E The Train has left the station, moon entered back in the ssps (solar system positioning system) and then we can hopefully go back to hearing CNBC yelling bubble because we all know if they start saying buy then we better double check our analysis if we're long. Phase E can see new Trading ranges created for re-accumulation by the institutions/large operators and as more enter the market. These ranges can also be called stepping stones. on the way to higher targets.
BITFINEX:BTCUSD
by Attilathekilla
1
Komodo ($KMD) Wyckoff Accumulation AnalysisHi friends! Welcome to Poop's Wyckoff Analysis on Komodo. Ever since I learned about Wyckoff Method, I began to include it in my trend trading strategy for the simple reason that it is among the best tools a trend trade could use to spot bottoms and top formation. Today I'm showing you how it looks on $KMD Chart and hopefully aid you in your trading. $KMD is on a slight variation Wyckoff Schematic -2, That looks like a broadening wedge bottom, specifically its already at its Phase D on Wyckoff Events and Phases. It of began to show signs of forming accumulation on an broadening wedge bottom on Aug 22 last year specifically on the Secondary Test on wyckoff events after a correction from the point of Automatic Rally . This is the point where I began to follow its progress. Currently, it is sitting at the Back UP or the Last Point of Supply after it has corrected from its recent top which was a Sign of Strength in the Wychoff Events. This point is coincides with the end of wave 2 (Elliot Wave Count) a buy opportunity to take advantage of the trend reversal which could potentially give us a 70% mark up . After this target it will likely have a correction that could likely bounce at a resistance turned support (Upper blue line). This will be our second buy opportunity that can give us a target of 65% move . The entire projected move is around 150% from its current price level. That's it friends, I looking forward for your comments on this analysis. A definition of terms on the labels included in the chart is at the bottom, for your appreciation. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Wychoff Poop Trader Definition of Terms Included in the chart label: PS—preliminary support , where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax , the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally , which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test , in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Test— Large operators always test the market for supply throughout a TR and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS —sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS —last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—”back-up” . This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Long
by PoopTrader
6
BTC Wyckoff Accum...Distribution?Bears can play the Wyckoff hype too... Looks bad ? So does the accumulation one. Too many people using the wyckoff accumulation pattern in a very wrong way these days. Maybe they are right, maybe not. If they are, Spring will happen soon as we are squeezed and I will join at almost the same price. My point here is more that if you are desperately looking for patterns, they will appear to strengthen your bias. Traders need to focus on what they see, and not what they hope, and seize opportunities d.stockcharts.com Note : I don't think we are in a Wyckoff accumulation yet, not do I give a lot of credit to this Wyckoff distribution either. Just warning people of false hopes
COINBASE:BTCUSD
by Nidalas
5
BTC - What the Next Movement? Wyckoff MethodThe Wyckoff Range typically manifests as horizontal price action (sideways movement) on a chart. It represents a phase where supply and demand reach a temporary balance, and large institutional players accumulate or distribute their positions. Wyckoff Range manipulations are deliberate actions by large market participants (like institutions or "composite operators") to deceive retail traders, creating a false sense of market direction. These manipulations are integral to the Wyckoff Method, designed to exploit liquidity and accumulate or distribute large positions without causing significant market impact.
BITSTAMP:BTCUSD
by Maks_Klimenko
Bitcoin in a Phase C or Phase D Wyckoff Distribution channelThanks for taking the time to read my analysis. Today we are studying the 1H time frame for the BTC chart. I drew a parallel channel where price seems to come up wick the 71,200-71,600 levels then go back down. More likely a quick little short squeeze to wash out the levered shorts before making the next leg down. BTC loves doing this as it is a highly leveraged market. Now approaching the halving, I am sure you have seen all the charts about how BTC historically corrects right before the halving. However, history here in my opinion is pointless. Previous charts are invalidated and pointless so all we can go off is the time frames we have now and are witnessing. I drew out a fib retracement to where I believe we are likely to correct to. Usually during a distribution phase on Wyckoff there is a upthrust/spring which happens post breakout. We seem to be doing that right now. This rally in my opinion seems like it is on the last leg. We could even see us break 72 and hit 74-75k which IMO is a high probability reversal zone. Of course anything is possible. I have shorts already placed at the 71K level and 70,600 levels. I am prepared to add more if we get to 72K. But good ol wyckoff schematics never really seem to let me down for the most part. Excited to see how this plays out Thanks again for taking the time to read this. If you found it helpful, engage with the post it will help out the account big time. Oh and happy easter :)
Short
by kiashedgefund
GBPUSD - For the "SI Traders" this is a Wyckoff Up-Trust and.... The Story: Price is ranging We have a false break with very high PVR The reaction up wave is long wave having a hard time to move up Then a PRS signal confirms the Wyckoff Up-Thrust Furthermore the reaction after the down move is an up wave with an Abnormal SI of 35.3 which is a HTMU wave (Hard to Move Up) = more sellers and down we go again. The "SI traders" know that this a Wyckoff Up-Thrust and a HTMU by just reading the Speed Index numbers. Enjoy! Learn to read and trade any market!
Short
by TradeTheVolumeWaves
EURAUD - Probable Wyckoff Spring - The ForecastLearn to read the chart. The Story: We are balancing on a significant Fib 61.8 Last SI before the fake break of Fib quite High at 17.6, probable buyers Fake Break = Wyckoff Spring formation start. PVR quite high Plutus comes with a Long signal PRL Abnormal SI of 21.0 = buyers on the way down The reaction : large up volume wave with the corresponding pip move The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.
Long
by TradeTheVolumeWaves
BTC : Phase E, According to WYCKOFFBINANCE:BTCUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals , see here : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34