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Wyckoffmethod

Bitcoin, MARA, RIOT Set To Breakout To All Time High?Since a month ago, OTC:GBTC had a reaction dropping 26% from its peak with increasing supply. However, there are a number of bullish characteristics formed after the sell-off. These are the tell-tale signs for trend trading to ride on the strong trend of BINANCE:BTCUSDT . Find out why BITFINEX:BTCUSD is set to breakout and how to benefit before it makes the explosive gains by trading Bitcoin or stocks like NASDAQ:MARA and NASDAQ:RIOT . Key support and resistance levels are elaborated in the video for low risk entry via trading the breakout or trading the pullback.
NASDAQ:RIOTLong
by mingjong
1
BTC making HISTORY AGAIN - WyckoffEveryone knows that Bitcoin is getting hotter this year, but let's keep this analysis short as the most important information is on the chart. This analysis is based on Wyckoff ideas, we could be in front of a Distribution phase, as BTC has been in an upward trend for so long without any noted distribution (people, or I should say financial entities, taking their money off and selling their positions). We first saw a STOP followed by a fast down trend ( AR ) that ended leaving us with two important support lines who were supported during the whole phase excepting an small spring with irrelevant volume ( this shows that great plays are not taking place ), then prices went up to the secondary support line, to finally rise with SMA in their favor. In that moment we could see prices breaking the STOP resistance with no volume at all, which is a clear indicator that demand is not interested to push prices up again, but the thing is that supply is not getting in play for the moment and that is the reason why prices did not went all the way down. But we could see that Upthrust as a moment when people sold all of their positions, but again we did not saw the volume that should be related. Now prices are trying again to rise, but there is one thing clear, prices will not go further without any volume supporting the movement. Hope you have a great day.
BITSTAMP:BTCUSD
by Fernando_132
CRYPTO - RIOT - The Wyckoff MethodWyckoff Method Application: Hello everyone, DPT here. I love analysis, and I love to learn about and trade using theories and frameworks Dow Theory, Elliot Wave Theory, Action Reaction, and others, as I develop my own methodology... Today, I spotted a very good fit for the Wyckoff Method for a trade setup, and I wanted to share this with you. There are a few steps omitted, but I included the article which I used as reference so you can follow along, or use it as a template for your own trades. This is not financial advice, just an informational! 5 Step Approach to the Market: 1. Determine the present position and probable future trend of the market. - Currently swinging bearish: 2. Select stocks in harmony with the trend. - RIOT is known to follow BTCUSD, as it is a BTC miner! 3. Select stocks with a “cause” that equals or exceeds your minimum objective. - I have high conviction that BTC is (a) on a downtrend with more downside, (b) RIOT has yet to price this in. 4. Determine the stocks' readiness to move. - TA Oscillators and Moving Averages show that the stock is ready for a move to the downside. 5. Time your commitment with a turn in the stock market index. - I have high conviction that the stock market index will also see downside in the nearest future: Three Wyckoff Laws: 1. The law of supply and demand determines the price direction. 2. The law of cause and effect. (BTC and stock market downtrend, yet to fully be realized by RIOT). 3. The law of effort. Analyses of Trading Ranges: - 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. Wyckoff Schematics: - A successful Wyckoff analyst must be able to anticipate and correctly judge the direction and magnitude of the move out of a TR. Fortunately, Wyckoff offers time-tested guidelines for identifying and delineating the phases and events within a TR, which, in turn, provide the basis for estimating price targets in the subsequent trend. Nine Buying/Selling Tests: FYI - I won't be using a P&F chart. 1. Upside objective accomplished. ✔️ 2. Activity bearish (volume decreases on rallies and increases on reactions). ✔️ 3. Preliminary supply, buying climax. ✔️ 4. Stock weaker than the market (that is, more responsive than the market on reactions and sluggish on rallies). Stock did not make new high, when BTC made a new ATH! ✔️ 5. Upward stride broken (that is, support line or uptrend line penetrated). Currently in the beginning of a descending scallop (scythe) pattern, clearly breaking uptrend line. ✔️ 6. Lower highs. ✔️ 7. Lower lows. ✔️ 8. Crown forming (lateral movement). ✔️ 9. Estimated downside profit potential is at least three times the risk for if the initial stop-order were hit. ✔️ STRATEGY: - Entry: 63 - SL: 87 - TP1: 47 - TP2: 38 - PT: 23 - RRR: 1.71 - Timeframe: 45d - TRIGGER: 1. Confirmed rejection at this resistance. 2. BTC continued downtrend. 3. Increasing sell pressure. “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) As always, if you enjoy this post, please Like, Follow, Leave a message... GLHF! - DPT
NASDAQ:RIOTShort
by UnknownUnicorn1043646
4
3 Malaysia Stocks to Ride the Recovery ThemeAs the funds being rotated out from the technology sector MYX:TECHNOLOGY , recovery theme stocks in Malaysia has outperformed the market. In fact, it is possible that the recovery theme rally has entered into Wyckoff phase E, which is the marking up phase where the momentum move begins. In this video, you will find out the top 3 Malaysia stocks MYX:AIRASIA , MYX:GENM and MYX:GENTING that are now riding and leading the recovery theme. Potential low risk entry via pullback trading or breakout trading together with the targets at the key levels are covered in the analysis.
MYX:GENTINGLong
by mingjong
XRP - Hidden Gem??Relatively speaking XRP has been shat on during this bull run with really no significant gains to get excited about. What I am seeing * XRP has been in a down sloping accumulation range since Oct 18 * Broken the down trend but had a capitulation event with very negative news a few weeks back * We have regained our position in a strong zone to the upside. * Note how we are sitting on top of a key supply zone which occurred on the 23rd Dec - nthe significant diff in volume between the two which means a lack of supply but demand also. * This lack of supply means we can have demand take over and push prices higher - this is becoming evident with the inability of price to move lower. * Watching for a break above 0.50 for a long. * Break below 0.40 will most likely see us to around 0.30 Wait and see.
by DecpBTC
3
No trades at the moment - WAIT AND SEEHi Team, We have entered a small trading zone at previous high which is expected as profit taking is occurring. Looking at the previous top will give us some clues. The FEB top was a quick distribution into a shakeout creating the liquidity for larger players to enter. Remember - distribution are generally quick and volatile whereas accumulation are slow with and time consuming with decreasing volatility. I have listed two scenarios here with neither more viable at this stage. I think overall we go higher after the prolonged re-accumulation we just had. Confirmations of bullish behaviour: *Supportive price at lower part of TR *Decreasing volatility *Relative long time in range *Testing event at support with strong recovery and subsequent support in the TR *Successful break of resistance with volume and support above resistance line Confirmations of bearish *Break down to 55K with no recovery in the TR *No support volume on the break to 55K *A break below support - retest to previous support and rejection *Quick time in range like in FEB Its wait and see at the moment. Remember you are looking to confirm bias which indicates who is winning; buyers or sellers. At the moment the short term bias is up; so we are looking to confirm each step. If we have a deviation from what we would see in a bullish bias it should alert us as a potential change in market conditions and we can begin to craft a trade in that direction.
by DecpBTC
2
BTC Long Continuation Hey Team, After a successful break, I am expecting a test to around 52000. Key things I am looking at *Lack of volume coming in from supply *Ability of price to hold in the 52000 range. *Small accumulation structure to be built in the 52000 in the backing up action Overall the structure looks great and very bullish Notice the following *When supply enters the market the pull bucks are very small and getting smaller - purple arrows. *Break volume of previous resistance with little to no reversals *The first directional bar with conviction comes at a resistance point. I think with the trillion dollar US stimulus we are heading to higher levels.
Long
by DecpBTC
LTC/USD ANALYSISON THE I5MINUTES TIME FRAME A SELLING CLIMAX WAS OBSERVED WHICH WAS FOLLOWED BY A BREIF PHASE A. PHASE B: DEMAND OVERCAME SUPPLY AS WAS REMAINED IN THE UPPER HALF OF THE TRADING RANGE PHASE C: THIS WAS OBSERVED AFTER PRICE FELL FROM AN OVERBOUGHT CONDITION BUT A CHANGE WAS SEEN AS SELLERS FAILED TO ESTABLISH THEMSLVES INDICATING THE LACK OF INTRREST FOR SELLERS TO PUSH PRICE LOWER ENTRY WAS MADE AT 171 WITH STOP LOSS PLACED AT 168 AND PARTIAL PROFITS WAS TAKEN AT 193 WHILE THE REST WAS TAKEN AT 197 JUST BEFORE A STRONG SELLING ZONE THIS GAVE A RISK REWARD RATIO OF 1:7.5
BITFINEX:LTCUSD
by Achieverswurld