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Wyckoffaccumulation

Continuation Wyckoff Distribution on Bitcoin 1H is the low soon?As we can see the Wyckoff schematic still holds correctly, after getting rejected on the .618 (the second pink circle) last night we are currently testing the support of the .618 fibonacci retracement of the first wave (may 23rd to may 24th). This in combination with the support that was created by the low on 25th of May. If the support holds we could expect an increase towards the 0.786 retracement as a fourth wave. The current price of today is also testing the 1.272 fib trend extension. When this holds as support it will create another indication that the price is more likely to increase before we are going to see another low.
BITFINEX:BTCUSD
by DaanVerbeek
13
$ALGO Wyckoff Accumulation with Spring?WARNING: DO NOT TRADE ON THIS CHART I heard plenty of chatter that BTC formed a Wyckoff Distribution into the dip. Similar to $BTC, I see a fairly neat Wyckoff Accumulation here with $ALGO that may indicate we have seen the bottom. If this holds, we should go "back-up" and flip the resistance into support on a retest. However, I am new to this pattern and it is possible the "Spring" is actually "ST in Phase B". If that is the case we would drop below $.67. I would be happy to hear from someone more experienced.
COINBASE:ALGOUSD
by bmadden
3
BTC Wyckoff Accumulation Phase - UPDATED!< #NotInvestmentAdvice > I previously published a version of this that I now believe was overly-pessimistic. With a couple additional days of hourly bars closed, I believe this updated version lines up the Wyckoff events far more accurately. In particular, I believe the Phase "A" events (PS, SC, AR, ST) line up perfectly according to their textbook descriptions, which places us solidly into Phase "B" at this time. PLEASE NOTE: The dotted projection lines & arrows are conjecture/guesstimation ONLY - it is impossible for anyone to predict exactly where the market will move in the future. Having said that, I believe the remainder of this accumulation phase will very likely follow the general parameters of this Wyckoff pattern. Personally, I am preparing take modest profits between $42k-$46k in preparation fro a possible plunge below $29k intended to shake out any remaining "weak hands" and transfer their BTC to the Large Interests and the Composite Man Composite Man . If that does happen, I want to be prepared to accumulate along with those interests. Note that NOT all Wyckoff accumulations involve the "Spring", and in fact we may not even drop below $29k, that may have actually been the Bottom. But after the turbulence of the past couple weeks, I'm not betting my portfolio on that, and I'm making sure I am fully prepared for both of these contingencies, and I have a plan in place in case of further drop. I suggest *everyone* has their own plan in place appropriate to their personal investment strategy. (If you happen to be using leverage, BE CAREFUL and do not engage in wishful thinking! Plan in advance what you'll do if you need to ride BTC down to an unanticipated low!) Again, personally I do NOT believe we are in a bear market; I believe what we are seeing is the result of blatant & obvious market manipulation by the Large Interests that want to buy our crypto at fire-sale prices (<$30K? WTF??? That's just GREEDY!) I expect these interests are going to try to hold our heads underwater until we lose our nerve, capitulate, and cash out at current prices or lower. I have no interest in doing that. I *hope* we've already bounced off the bottom & have a linear move straight up to the Moon, but I don't really believe that. Hope for the Best, but Prepare for the Worst ... Lastly, I STRONGLY URGE you to spend 20 minutes educating yourself on the basics of Wyckoff theory by reading the overview page at: school.stockcharts.com Technologies change, but human nature & emotions don't, which I believe is why this 100 year old theory still provides value!
BYBIT:BTCUSD.P
by LASultan
4
Crash not finished ! Support volume down just under 20 K There's no point selling out at this point if you haven't done it already....another 4-50% losses to come in next days to weeks.... The best policy here is to just HODL as you've already taken a 50% loss. There market in my opinion will recover but it will take months. When there is a sign of recovery rally it will be obvious but will accumulate phase for weeks or even months. Don't buy until the lower range support and resistance has become established BOX. Then scalp / or swing trade for only 5-15% profits with only 10% of your sidelined cash reserves. Use the profits to buy more of your STRONGEST coins first. Once they are at breakeven, sell them. Then you'll have growing cash reserves. Keep doing these small trades 5-15% don't be greedy ....keep buying up the next strongest coin you have ( smallest drawdown), and knock them off like dominos until you have gained all your losses back. This is how to BOTTOM FEED strategy and reclaim your losses over the next few months. I suggest BUYING only ETHERIUM after you have got your FUNDS back to breakeven. ETHERIUM ETHERIUM ETHERIUM is the gest coin to own right now....forget ALTS until you have a good profit in Etherium and the BULL market is resuming for the NEXT 50% Phase to the TOP..... I am not a financial advisor ps. ONly my own way to get out of this mess, good luck !
Short
by Aussie-scalper
BTC Possible Entry to Wyckoff Accumulation PatternAfter seeing some content describing the correlation between BTC's recent price activity and the Wyckoff Distribution pattern (many thanks to YouTuber "Uncomplicated"!) and seeing how perfectly they matched, I took the next logical step to project what it might look like if we transitioned directly into a Wyckoff Accumulation pattern. This Idea presents one possibility of what that might look like. I have drawn this Idea to be intentionally pessimistic, as I am "planning for the worst & hoping for the best". Based on this work, I am preparing for the possibility that I may need to HODL my BTC down to a price point of approximately $15k ... something I would have thought impossible a few months ago, but it doesn't seem so impossible anymore. The upside of that, obviously, would be to accumulate additional crypto during this cycle. NOTE: All price levels & timespans are guesstimated for projection purposes; if we actually do enter such a phase, it could be shallower & faster, or deeper & slower, depending on more variables than anyone can be aware of. ALSO NOTE: I HOPE I'M WRONG ON THIS! I am long-term bullish on crypto projects in general & BTC in specific. As a career technologist, I believe deeply in the purpose & mission of crypto assets, and what they can provide in our world. I am hoping for a best case scenario where the recent plunge to $29k is the absolute lowest bottom we ever see again for BTC ... but I wouldn't bet my life on it. For a description of Wyckoff theory, check out: school.stockcharts.com #NotFinacialAdvice
BYBIT:BTCUSD.P
by LASultan
2
Analysis of March 2020 Shakeout - Signs of BullishnessHey Team, Don't understand why the world gets surprised when something goes down and neither should you; as a trader it does not matter whether the market rallies or falls, trade accordingly. I love all these gurus coming out saying "I told you should not have got in BTC or crypto". They miss the point and the gains that were made on the way up. These gurus say - "look BTC fell 40% in a day, you are so stupid for getting in", yet the methods they teach would have tight stop losses that would have got them out with a small loss missing the larger correction and locking in gains. BE CAREFUL WHO YOU LISTEN TO AND TRADE YOUR OWN STYLE AND PLAN. So this chart I have laid out is the March 2020 low and what I see as a path to higher prices if we are to rally from the current area BTC is. I'll keep it short and sweet with most of the main points on the chart * Multiple test with weak supply bars followed by strong high volume green bars. Each bar engulfs the supply bar * 2 significant strength bars pushing through resistance with high volume and no retrace in price on following bars. * Decreasing volume yet solid rally back into the TR showing Ease of Movement - no significant supply * KEY POINT - we hold the lower support of the TR after multiple test and show strength Keep in mind I am actually bearish at the moment and see a test back to around $30,000 or even lower but it gives you some signs to look for to validate a bullish scenario. Good luck
by DecpBTC