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Wyckoffmethod

BTC - Dip to $40,000? The distributional elements of BTC are evident * Classic 3 wave push followed by significant weakness. * Poor rally into LPSY with no continuation; unable to break previous resistance * Current price action is showing a serious lack of any demand. Look at the first box compared to where we are now - no upwards push. * Volume spikes throughout range with increased volatility. A test to $52000 is possible but I think we are going to around $40000 and possibly lower. Personally I started scaling out of my alt and BTC positions around $57000 and the inability of price to move upwards(LPSY). This was a real change than anything previously. Will be interesting this coming weeks. Personally looking at Gold and SIlver at the moment for longs. For anyone interested here is my Weekly Silver Chart with targets and ID of long term accumulation Also, my gold chart and healthy break plus BUA
Short
by DecpBTC
GBPUSD - Looking At Wyckoff - longsDistribution: Wyckoff Phases - without UTAD. Phase A to D completed perfectly. We now have Phase E. After the significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation. (Which is basically the completion of the Wyckoff Phase) Now we have the break of the structure. We are likely to see a re-test between 0.236 - 0. (This will be the break and retest off SOW.) After the retest I will aim to get buys on the pullback, targeting the .5 - .618 (golden zone) if price respects that level. - Indicators leading me to take positions will be MA / SMA crossovers, bullish divergence and price action forming higher lows - higher highs. Risk is 1.5% - SL B/E when TP1 hits. TP 1 / 0 / 30% TP 2 / -.25 / 40% TP 3 / -.618 / 30% if price is impulsive I may intentionally hold past TP3 as demand will be in full control and the markup will be obvious to everyone News may impact the technical out look of the setup, hence why I will be waiting for sniper entries rather than rushing the play. USD is gaining strength with news fundamentals however I still feel GBP is stronger and the completion of the setup is likely.
Long
by KKirito
Update on EURUSD Opportunity for SellsPosting an update to my analysis from the beginning of the week. Since my previous update, we saw a clear sign of weakness. Then the price created another creek and after this final distribution, created one more thrust before consolidating then starting the descent down. I entered at the imbalance as I wasn't expecting another UT before pushing down. The entry wasn't so great and I needed to maintain a large SL to hold this trade but fortunately, it ended up going in my direction. As of right now, the price has broken the structure with an hourly close. The 4h will be closing in 45 minutes and if it can close below the previous structure, the probability to continue further down increases. For this trade, I am targeting 1.201 but expecting the price to go all the way down anywhere between 1.18 to 1.195 before starting the next wave up. I am here to learn so please don't hesitate to provide comments or suggestions on my analysis. It would be greatly appreciated. Trade Safe! HEET Previous Analysis: Zoom out on HTF:
Short
by AfterlifeTrading
4
Potential EURUSD opportunity for sellsWhen I was looking at the structure of EU, I was thinking that we were going to see continuation. I am actually still in a long trade as we speak. But EUR is quite weak and we have yet to see any sign of continuation nor break of structure. The more I look at the structure, It appears to be distributing more than accumulating. As such, I have changed my bias. I've redrawn my chart to show a distribution schematic. I am currently waiting for a UTAD and assuming it rejects above the highs, I will look to enter a short. As it is still unclear which way this is going, if anywhere, so if this plays out, I may not enter at the top and wait for more confirmation then try to enter at a supply zone instead. Anyway, I am still quite new to Wyckoff so if anyone has any comments on my chart, please do not hesitate to provide any feedback or comments. It would be greatly appreciated. Trade Safe! HEET ps. Just before posting, I had a quick look at DXY and it looks like DXY may be in a spring right now. But I don't see any rebound, so maybe this is all wrong?
Short
by AfterlifeTrading
EURGBP - Wyckoff Accumulation?Looking at the 5m chart of this pair I noticed a similarity to the wyckoff accumulation schematic. It has been hovering around a daily key level for the day which would give the indication that the pair is ready to move. I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs. Please comment your thoughts if you know anything about wyckoff - this should be going to the third and final phase of the accumulation if I am correct.
Long
by Nicktay12345
AUDCHF FORECAST AND TRADE IDEAMy thoughts on AUDCHF (requested by many subscribers) - Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand zone. Also, the short volume started to decrease. Hence, a trend reversal may happen. - Fundamental analysis: The Swiss national bank pushing an agenda of currency intervention. Hence, #CHF may be weak in the next few weeks. Therefore, my bias for AUDCHF is long.
Long
by UnknownUnicorn20048388
ETHUSD in Wyckoff This is a Wyckoff based analysis. As we can see in the cart, prices have been fluctuating between two channels, a great and a smaller one, both showed in the chart as the support and resistance lines in grey and blue. We saw a clear stop, then a downtrend propelled by decreasing volume and a later spring that was tested two times, this shows us that it has a lot more relevance than we thought as the SMA's were crossing down. Since the later test we could trace a trend line, that prices has not been breaking ( clear demand pushing prices up ) but in between these events, prices ran up to all time new highs, with just the same volume, as the spring we saw before; not a clear sign of strength, in that exact moment, SMA crossed up but just for a few periods until now, were we can see demand pushing prices up, but SMA making enough resistance to keep prices fluctuating between the bands. I hope this idea was useful. If so, have a great day!
BITSTAMP:ETHUSD
by Fernando_132
Wyckoff's Accumulation Scheme on BTCUSDThis is an interesting but bold way of applying one of Wyckoff's schematics on the BTC/USD chart. Interesting for it's exactly the same accumulation pattern, and bold because this was meant to be applied on higher time frames. Therefore, I don't suggest trading this, only posting it for educational purposes. As you see, the scheme is broken down into different sections in which I'll explain each step. Phase A: Preliminary Support (PS) was broken through by the huge selling power of the bears. Bears tire out from the intense selling and eventually reach Selling Climax (SC). Bulls intensely buying the bottom causing an Automatic Rally (AR) and bouncing up from the bottom. Bulls take profits and the market come back down for a Secondary Test (ST). Phase B: Uncertainty hits in as bears think the bottom is hit and bulls are worried that it might fall further. The price consolidates and ranges between the AR and ST zones testing them multiple times. Phase C: This is a critical level in the accumulation phase as everything depends on if the support level manages to hold or not. In the case of this example, the Spring is a bear trap to mislead buyers before the price launches up and everybody that accumulated in Phase A and B gets rewarded. Phase D: We see higher trading volume and confidence in upward momentum. Price starts making higher lows and showing the Last Point Support (LPS). Price is making higher highs which shows Signs of Strength (SOS), previous resistance zones are broken through and become supports. Retest on the new support level then gives another buying opportunity for bulls to join the ride. Phase E: Increased demand and confidence is shown in the market as it makes higher highs and turns into an upward trend. Once again, this post is purely for educational purposes. Taking this trade is risky as it is unsure if this was to play out on the insignificant 1H timeframe.
COINBASE:BTCUSD
by OneEyeSignals
UWMC - not out of the woods just yetShort-term bullish on UWMC, but expecting new All time Lows afterwards. Seems like a Wyckoff accumulation phase is currently evolving - expecting the following to happen: 1. Hype before Q1 statement, driving prices up - supported by other relief rallies in other SPACS 2. Q1 Statement released, fomo buys made by people expecting 10$ to break 3. Short term rally in 10Y-Yields, leading to fear towards investing in mortgage companies 4. New all time lows, Fomo buyers from step 2 capitulates and sells 5. All time low acting as "spring", thus marking the final stage of the accumulation phase. Just when capitulation happens, Russell Inclusion news acts as "reason" for spring to evolve to a jump up in price 6. Sign of strength appears, reaccumulation follows, and markup phase begins. This is of course just my view, and I expect about a 5-10% chance of the scenario playing out just like mentioned above.
NYSE:UWMCLong
by Veuvee
4
Oscar Properties adjusted Wyckoff eventsMessed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility. Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the chart seems pretty bullish ATM, in my humble opinion. Be careful, OP is an extremely volatile stock.
OLong
by Veuvee