Get started

Wyckoffmethod

PFE Pfizer on the 8hr Popping the cloud.So I have been blending a lot of my styles together and recently i have had a lot of success with the 4 hr Chart using the cloud. When I remembered that I use to trade multiple timeframes because they repeat the same pattern on each time frame. So if that was the case I should be able to find a 8 hour chart where PFE is popping the cloud since the 4hr had already popped the cloud days ago. So I pulled up the 8hr and it was sitting in the cloud about to pop. It just popped the cloud and now is coming back down to find support before breaking out to go for a new high. Resistance is at 43.70. Once it gathers up enough shares to control the float it will clear this area. The white line is actually the copy of the same move on the 4hr chart. I copied and pasted it on the 8 hr so I can get the exact same path the 4hr took on the 8hr chart. by iCantw84it 11.01.2021
NYSE:PFELong
by iCantw84it
3
$DOGE is in accumulation Phase D: Get ready for liftoff.NOT FINANCIAL ADVICE NGL, I'm still a novice student of Wyckoff Method, but take this study with a pinch of salt, please. 19 MAY: Preliminary Support (PS) [First signs of market distress is seen. Supply is being dumped. 22 JUN: Selling Climax (SC) We see capitulation ending here 25 JUN: Automatic Rally (AR) Because intense selling pressure has gone, bargain hunters push price back up easily. 20 JUL: Secondary Test (ST) Price revisits near SC to test the supply/demand(support). Comparably low volume indicates we are seeing a bottom. 16 AUG: Signs of Strength (SOS) $DOGE advances as volume/demand increases gradually. 4 OCT: TEST (of supply) Bulls give bears a last try to flex while $DOGE is within the trading range, but as seen here, bulls are currently winning and has begun attracting.. 28 OCT: Signs of Strength (SOS) .. whales! A lone, large green candle punctures the chart -- possibly a $SHIB whale throwing $DOGE a bone? Today: Last Point of Support (LPS) This is where price backs up towards the 'spring' as bulls dare the bears to take back control. Now I know what some of the disbelievers are going to say -- that $DOGE has too much inflationary pressure and will only go lower and lower and lower and.. While those words may ring true, in crypto though anything is possible. The best that we can do is to utilize whatever tools we have learned and make the best educated guess at the market. Thanks to Wyckoff Method, mine is that there could be one last time to give yourself a chance at the lottery. As Wayne Gretzky famously said, "You'll miss every shot you never take." Until next time, happy trading!
BINANCE:DOGEUSD
by googooboyy
12
ETH 6 Month Outlook: Price Due for a CorrectionThis is my 6 month outlook on ETH. I try to chart as unbiased and emotionlessly as possible. I learned to trade using Wyckoff's method and place heavy importance on supply and demand as represented by volume to back up any price movements. Plus I saw the new and very well designed Volume Indicator by @BobRivera990 and had to try it out. All price action is dictated by supply and demand. Especially now that large institutional investors have taken an interest in Ethereum and cryptocurrency in general, it is going to behave like a predictable market. Also, EIP-1599 had the opposite effect than what many in the community loudly said it would have. With transactions being sped by by a "tipping" system, the network is essentially a whale's playground, with gas prices routinely being prohibitively expensive for all but the wealthiest investors. Everyone else can play during their off hours. The burning of ETH likely helped speed up this recent bull trend, but it's the market makers who dictate this, executing trend reversals after testing the demand (more on this below). If you like this, show some love. Those thumbs up and comments let me know what kind of analysis people are looking to see. Technical Analysis This chart is using Fibonacci retracement levels starting at the 1 year volume low which kicked off the bull run. Most of our support is at 0.236 fib, roughly $1300. This is likely to be the bottom of the correction. The upward and downward Gann fan is useful in helping to time market movements as well as predict future price-trend channels. In determining a channel for the downtrend, follow the Gann lines to the volume profile on the right. Support and Resistance can be determined by where the bulk of the volume lies. The run that took the price from $238-$4380 started with a daily volume of 7k ETH and peaked at 320 ETH. The most recent run that brought us from $1800 to current levels (~$3300) kicked off mid October with a daily trading volume of 8k ETH and the price climbed 85% to it's ATH. Meanwhile, the highest volume we've seen in the last month was 69k ETH. Volume is a direct representation of demand. Supply and demand dictates the price of a token. When demand is high and/or supply is low this creates bullish conditions. When demand is low and/or supply is high this creates bearish conditions. Current volume indicates that demand is low, even with ETH burning in place due to EIP-1559 reducing the supply slightly, we're not seeing an increase in demand to match the price movement upward, this divergence is bullish as it indicates that the price is being moved by the market makers. Additionally we have divergence in the LSMA. > Note the volume spikes that routinely pop up to roughly 125k ETH. This is market makers testing the demand. Sometimes people bite, in which case they buy/sell ETH in order to move the price in a direction that is favorable to them. While the price went up 85%, demand fell by 75%. Basically the price is currently inflated by about 75% of what it should realistically be based on volume and demand, we're due for a huge correction. The only reason I think it won't correct a full 75% is due to the strong support at the $1300 price level which corresponds to the 0.236 fib retracement level. It's not a coincidence that the yearly volume peak and the volume peak at the sell off are identical either. That's the market makers taking profit, or as Wyckoff would say, "the composite trader" setting the price. Psychologically, you can think of trading as a game between you and one single entity who's goal is to take your money, which isn't far from the truth. The market makers all have the same goal: profit. They do this by shaking out retail investors with false breakouts and bringing the price to inflated levels like where we are now. So what do we look for to determine when to sell? 1. Volume jumping to ~125k ETH (resistance test) followed by a change in price action. 2. A daily close (not just a wick) below the 0.618 fib level So yes, we have shorter-term EMAs that bounced off long-term and a golden cross, but the real question is: does the current demand back this up? Right now, no it does not. I expect the price in a downtrend to follow the outlined channel until around February, at which point the direction will be determined by the demand and the crypto landscape at that time, a landscape that's constantly evolving. Keep those stop losses prom-night tight ladies and gents, things could get real fun real fast.
BITSTAMP:ETHUSDShort
by HeyJonBray
2
EBON PLTR BLU CPNG LUL ASML GVP REDU SMH Cloud Poppingwww.tradingview.com This is my Watch List for all the stocks in my 200 list that are popping the cloud. Red Flag means already has a green Candle and either ready to go or watiing for a solid green candle with no wick to signal your in. No flag means red or in the cloud and waiting for Green Candle No Wick to close outside of the cloud to signal. These are all good for a 1:1 or 2:1 Position based off the last node or if you cant find that...the bottom of the cloud as a stop loss. Some of these will follow a 45 degree angle up over a week or more time frame....If you want to take out profits and leave runners on these that would be a good way to make sure you dont leave anything on the table. I would also look at other stocks in the sector of whatever one you take interest in. if you see it doing the same move and going up in a 45 degree angle then this stock most likely might be following suit. I am not a financial advisor do not blindly jump in on any of my trades without doing your own DD. This method is using a cloud I custom set the parameters to and piggy backing that off Wyckoff Method as this would be the last dip into liquidity or the first push after the spring (Accumulation or Absorption of the float) Also the Curve which would be (the spring or Launch) and the Key algo which is the path drawn in white. by iCantw84it 10.23.2021
NASDAQ:EBONLong
by iCantw84it
2
GBPUSD Short idea reentryGood Morning everyone, in case you missed it my short position from yesterday is in profit about 70 pips right now. It’s not too late to secure an entry. Currently price is sitting around 1.37500. If this level can hold then price could make its way back up to 1.38000. This is an area where i will be taking another short position with a stop loss at 1.38175. Long range take profit for me is 1.36500. This is one of many updates to come for GBPUSD. If you like this idea and it lines up with your own technical analysis don’t be afraid just hop in the trade. Please like, comment, and follow. Happy trading everyone
Short
by kamaricolmn
1
BLOK - OSTK -BITW -NVDA Crypto Related Stocks just cleared CloudThese are the next Crypto Related Stocks that just cleared the Green cloud with the cloud moving up. OSTK the cloud is diminishing but I think it has room to go up still. Other than that on all of these I would look for a pull back to atleast half of the last Green candle move over the last 24 hours. Then find a place to get in once it closes Green going back up with no pull back. I gave you 4 to watch because some might not do it as cleanly as the others. I would watch on something like an hour or more chart. I am using a 4hr chart here because it stands for a stronger move. I am not a financial advisor so dont blindly follow me into trades do your own DD. In my last post you will find 5 other crypto related stocks and You will find all of them went up today. Mara up $4.20 big move there on an option call would have paid really nice. HUT 8 up 1.78 another big move. The other two are up .40 IBM i didnt list because its too much but it did go up .70. Wait for the pull back to halfway and then wait for a green candle to close no wick on top, to pull the trigger. by iCantw84it 10.15.2021
AMEX:BLOKLong
by iCantw84it
4
NVDA a closer look using Cloud, Key Algo, and Wykoff methodBased on everything you see here this si what i think NVDA should look like coming ut of its current move above the cloud. As with any big move froma negative setup to a positive you are going to have a dip to secure support. Then a move back to the upside. I would look for large wicks below and no wicks on top of any green candles after the dip. This would be a sign of absorption and bullish move to take this to a higher high to make profits. As always I am not a financial advisor and do not follow me blindly on any trade. Do your own DD and make decisions that are best suited for your Risk Tolerance of what you can stand to lose. by iCantw84it 10.15.2021
NASDAQ:NVDALong
by iCantw84it
1
(Update 1) EURUSD | Market outlook EUR strengthens its position, despite the poor August data on the EU external trade. The trade surplus fell significantly from 20.7B to 4.8B euros, which was significantly worse than experts' expectations (16.1B euros). The countries of the Eurozone actively imported energy resources, the prices of which have noticeably increased recently, which was the main reason for the reduction in the surplus of the trade balance. For example, the Eurozone's trade deficit with Russia, the main energy supplier, rose to 37B euros in the first eight months of this year. In the same period last year, it was only 12.9B euros. This deficit was partially covered by a significant increase in the export of European goods to the United States and the United Kingdom. Eurozone leaders announced their intention to protect consumers from the record-high energy prices, which have already led to a decline in industrial production and increased inflation. The bloc's leadership summit will take place next week. It will discuss measures to support businesses and citizens, including tax cuts and subsidies to the most affected households.
Long
by DynamicCapital-FX
4
HUT 8 - MARA - KOIN - LEGR - OSTK All above cloud These are the 5 Crypto based Stocks that are above the Green Cloud and or facing the Green Cloud about to move up . On HUT 8 i did the key algo showing the last time it dipped below the cloud and made th is exact same move. It continues to repeat the move for a new higher before dipping below the red cloud again. If all of these stocks are doing the same move I would expect to see these all make a move to the upside. This stock has already taken a Dip to find support. I would make sure to look for a dip before blindly jumping in. its a pivital area if support isnt found it can come down to the last level of support. I would say that if price action drops deeper than this wait for it to come back and close above the 10.70 area before getting back in. by iCantw84it 10.14.2021
NASDAQ:HUTLong
by iCantw84it
ETCUSD by request repeating bounce off support b4 breaking HiLook for this to come down and recheck the support before it goes up to break the previous High. Also called Re-accumulation. If you look back its repeating this move over and over....sometimes support doesnt hold and it comes back down to the last level of support and starts over. So make sure its following the right path. You can also use the same VWAP I am using in the image and when the first green candle closes above the cloud after the dip.......Thats your trigger to get in. Again Im not a financial advisor do not follow my trades blindly do your own DD. but this is what I see. iCantw84it
KRAKEN:ETCUSDLong
by iCantw84it
1
BITCOIN Wyckoff Accumulation (1D) - Brighter Times ARE Ahead!This chart describes a typical Wyckoff Accumulation Scheme. Although Phase E is already in effect for a longer time now, considering market conditions and sentiment, I think the Distribution Phase is not anywhere near currently, especially not on the daily timeframe . I got a decent entry on this one earlier last month, and just wanted to share this chart with you as how much of a textbook Wyckoff Accumulation Sequence is this. But don't get too caught up in this demonstration, as price action tends to differ each time one spots a Wyckoff Pattern. I hope you found value in this chart, as learning the Wyckoff Method and Price Action is one of the most important things besides risk management. Alright you guys, take care and happy trading! NFA and DYOR
Long
by LazarthFX
September re-accumulation worthen studyingAlready posted an idea about it, and upside are gonna happen on this one. Here it is, still looking amazing When analyzing a TR, we are first seeking to uncover what the law of supply and demand is revealing to us. However, when individual movements, rallies or reactions are not revealing with respect to supply and demand, it is important to remember the law of “effort versus result”. By comparing rallies and reactions within the trading range to each other in terms of spread, volume, velocity and price, additional clues may be given as to the stock’s strength, position and probable course. As for last September month, a re-accumulation was unfolding all the month. And these cycles can be more tricky to identify -> Here is the following part of the cycle, since I did not have place anymore on the main chart idea. Looking on the daily
Long
by bibsz
6
Updated Wyckoff Accumulation Chart for Bitcoin - Going to Plan Basic Introduction to the Wyckoff Method: school.stockcharts.com Current Schematic: ibb.co Old Ideas: --------------------------------------------- Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR . In both accumulation and distribution TRs , the Composite Man is actively buying and selling - the difference being that, in accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ." -------------------------------------------------- In this Wyckoff idea we can see we have clearly reclaimed and broken out of the trading range, if you observe the below schematic I believe we are currently looking to put in #14 LPS at this stage, I would hope for an LPS around 35-36k but that is not a guarantee and if the Fear Of Missing Out is strong in this market then an LPS bounce at 38-39k would make more sense. ------------------------------------------------- To put it simply, I am expecting a retracement on Bitcoin and this to be the last great buying opportunity we have before pushing towards the earlier highs at $60,000 region again. See the above Wyckoff Schematic and look at #14 LPS For cross referencing, this is the next stage we are looking for. My personal buy in levels recently are in green, my target areas are in red.
Long
by Worth_The_Ri5k
4