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USDCAD Wyckoff Accumulation Hello Traders! in my Previous USDCAD post i gave sell from 1.3530 and Target was 1.3230 and It Hit the exact figure of my target. This was the same strategy that i used in EURUSD and AUDUSD trades in last month which gave us huge pips with perfect entries(I have added the carts below). After hitting the target i waited for triangle pattern to trade upmove now you can see it has formed triangle pattern and now i hope it will reach the AR level perfectly. Don't forget to hit the like and Button and follow to stay connected Trade to ST in Phase B level EURUSD AUDUSD
Long
by Aadil1000x
2
USDCAD WYCKOFF'S AccumulationHello traders! Hope you are enjoying pips this month. First i need some support so HIT the like button, i will keep you update with great stuff. After Huge drop USDCAD is now Forming Wyckoff's accumulation pattern. Currently it has formed head and shoulder pattern that is another confirmation for sell. This sell will break the SC area. It need a secondary test(ST) of SC area before any recovery. Be careful in this trade because this is the Wyckoff's analysis method which performs very good in stock market but it does not have good accuracy in Currency Market. Caution This trade is not from my Monkey Fist strategy(The strategy that i use in my trades) Previous analysis
Short
by Aadil1000x
2
DASH/USD, Long, Wyckoff AccumulationEverywhere I look, I see accumulation. It feels like the bulls are just getting warmed up... And Dash is no exception. Comment below, what do you think? Will Dash follow VET's path or fail and find a new low? Don't forget to like and sub! See how the Wyckoff Accumulation played out for VET: Never Trust. Verify. D.Y.O.R . Not Financial Advice Just an Observation. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BINANCE:DASHUSDLong
by TribeWriter666
6
Ethereum Moves to Phase B of a Wyckoff AccumulationHappy Wednesday. After some consideration, I’ve decided to initiate coverage on Ethereum in addition to normal coverage on Bitcoin. The scope of the TA will again be limited to the 15M Intraday Chart. With that, let’s get to the TA… Looking at the 15M Intraday Chart, after a period of consolidation within the resistance range ($227.75 - $222.25), Ethereum broke out on a Jump Across the Creek, with PA moving to $228.75 to form Preliminary Supply (PSY). PA then moved down to print a Back-Up/Last Point of Support (BU/LPS) at the $226.75 price handle and reversed to form the Buying Climax (BC) at the $232.75 price handle - fully exhausting the cause from consolidation. After establishing the Buying Climax (BC), the PA Fell to the $227.00 price handle on the Automatic Reaction (AR) to establish the upper end of support. The Secondary Test (ST) of resistance established the lower range of resistance at the $231.25 price handle and the Secondary Test (ST) of support, established the lower boundary of support at the $223.00 price handle, moving the formation into Phase B of a Wyckoff Accumulation. The key takeaways for the formation so far would be (i) once PA moved down to establish the lower boundary of support on the Secondary Test (ST) to the $223.00 price handle, it broke through trend line support, flipping bias from bullish to bearish, and (ii) activity moved lower in concert with the move lower by Bitcoin and the PA has been confined within the support range since. While I am waiting for the Phase C to provide some direction on the trend overall, the formation appears to have a bearish tone from the start. I am curious to see if Ethereum runs a counter-trend or remains married to the Bitcoin trend. Summary/My Trade Plan No position should be taken at this time. Two key milestones should be hit before looking to enter a position, unless the formation produces clear signals to the contrary: The correction currently underway with Bitcoin (in a Phase E Wyckoff Distribution currently) needs to play out. Too much unresolved cause remains in the formation from the consolidation period and the PA of Ethereum (and the wider crypto markets) are very much correlated to the fortunes of Bitcoin. The formation of Ethereum needs to move into Phase C or Phase D to determine both the cause from consolidation and direction of the PA. It is possible Ethereum prints a countertrend to Bitcoin or leads a new breakout, but that remains speculation until the formation produces evidence supporting that conclusion. Always remember this is not trading advice. Outside of that, Happy Trading.
COINBASE:ETHUSD
by FOFAgent1
1
VECHAIN/USDT Wyckoff Accumulation LONG Sometimes you need to zoom out, get out of the noise and look at the bigger picture. It appears Crypto may have put in a hard low and we are well into the accumulation phase. Exhibit A; This looks like a Wyckoff Accumulation pattern for VET. In my opinion , it's no longer time to trade in and out of these high potential projects, instead it's time for accumulation. The charts sometimes give us clues as to what the larger players are planning, and know this; they are rarely wrong. It is their job to take as many of your hard earned $ats as possible. So when you get an opportunity, and you manage to catch a glimpse of what they are doing, grab it with both hands. And RIDE the whales tale. I believe it is time to Pack your bags & #HODL Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BINANCE:VETUSDLong
by TribeWriter666
11
BTC/USD - Wyckoff distibution pattern completedHello Everyone, We have completed a distribution oattern according to Wyckoff cycle theory... school.stockcharts.com PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution trading range (TR). ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. UT—upthrust, is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. Now, there is a time to start the cycle, starting from accumulation... ;-)
BITSTAMP:BTCUSD
by PawelHodurek
2
Enormous Wyckoff accumulation patternWe are currently in the penultimate Spring phase of the smaller 3 months Wyckoff accumulation pattern and in the final phase's last Show of Resistance in the 2 year pattern. That would definitely make sense from a market psychology point of view too, as BTC grows in adoption and legitimacy, the applications of blockchain ignite re-evaluations, and holdings are concentrated at centres of wealth (hedge funds, investment banks, private wealth, technology companies). To accumulate a vast amount would require years of patience amidst a highly volatile asset. I wouldn't be surprised if this pattern is also present somewhere in the 2014 ATH -> 2017 ATH.
Long
by mabonyi