BITCOIN WYCKOFF RE ACCUMULATION. IT IS BULLISHHello,
I am seeing some signs of reaccumulating. Wyckoff helps me a lot to finding the bottoms. MACRO BOTTOMS and I see some signs of strength and it looks like bitcoin wants to go up.
So, the key to find wyckoff reaccumulations and distribution is by giving is some more time.
TIME AND PATIENCE WORKS WITH WYCKOFF.
All the best!
Wyckoffaccumulation
BITCOIN Possible acumulation happeningHello.
Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things:
1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test.
2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range Acumulation.
Im trading it from the bottom of the range and have the SL set at entry point 44500.
If option 1 plays out, we are going to visit first 40-42k zone.
If this is option 2 Acumulation last phase, target is 49900, where is dangerous zone, possible bull trap zone, to start another correction.
Trade Safe.
Regards.
Eng. Alexa
$BTC Wyckoff 4hr re-accumulation poss$BTC 4HR Wyckoff re-accumulation
After some further analysis and overlays of chart patterns, I have come to the idea that this current phase that we are in fits best with the post drop accumulation and thereby that it is entirely possible that today may have been just over the half way point through the accumulation phase.
The pattern seems to mirror VERY accurately IMO although I couldn't squeeze it right using just Tradingview.
This would suggest that the end of this accumulation period would be very early October.
Trade safely guys and I would welcome your offerings on this perspective!
PumpeyeTheTraderMan
BTC Wyckoff DistributionIt looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k.
Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
BTC Long second wyckoff accumulationthis can be in 36 hour at 50K-51K
1H conformation after daily wyckoff accumulation.
100K by Dec 15-18 2021
120K by early Q1 2022
5.6K by Dec 15-18 2021
ETH maybe at 7.5K-10k by Q1 2022
My Current Benchmark for Crypto
Q1 2022
ADA $7.5-$10
SOL $275-$320
FTT $135-$170
MATIC $3.5-$4.5
BNB $750-$900
DOT $75-$100
KSM $1000-$1500
LINK $75-$95
UNI $65-$125
LUNA $85-$145
AR $125-250
WAVES $45-$75
XRP $1.45-$3.5
HBAR $$.45-$1.2
COTI $0.45-$1.65
VET $0.45-$1.25
$UUUU & *Completed* Wyckoff AccumulationThose of you who know me know I **LOVE** finding completed Wyckoff Accumulations. Today is a good day, because we found another one.
Introducing $UUUU. This stock has recently completed ~6 years of accumulation and appears to be in the early stages of markup. If you go through my related ideas of some other assets that have had similar setups, observe how those patterns ended up playing out. And bonus points here with how LONG (how much TIME) has gone into this pattern. This isn't like the 1 or 2 month patterns that crypto TA loves to go all-in with... this is ~6 years worth of effort to bring us to the start of what appears to be a major run.
Note: Don't get too caught up in FOMO - with a 6 year floor, I'd estimate it will be a year or two for the stock to hit it's ultimate top. Of course, the market is going to do whatever it wants and not ask our permission. If it pulls a GME and insta-moons with all of WSB, then the top will be found much, much sooner than a couple years (imo/nfa).
Link to schematic for review
school.stockcharts.com
AUDUSD Bullish for little bit longerMarket has tapped into my buy limit perfectly. Limit was set off the ST-b which initially broke 3 points of structural highs. Found the most volumest candle which was off the 9m time frame and set my buy limit off 80% of this particular candle. This is where institutions sold to buy up therefore coming back to mitigate the last of the sell orders before taking this higher in towards the distribution schematic higher. Market has sweeped Asian liquidity like I anticipated and have also filled some imbalance I spotted. SL is set below the extreme low of the candle. Only risking .5% of my account for a 42:1 R&R. Running this up towards the next distribution schematic from the 7th of September.
Bitcoin Wyckoff Accumulation - Incoming RallyNoticing the hallmarks of a Wyckoff Accumulation underway in the 4-hr timeframe. The formation of a bullish Inside Bar off the recent low signals an incoming rally. I not also the potential for an Inverse Head & Shoulders to propel price back over $50k. The manifestation of the ‘spring’ is a much lower probability, imo.
Re distribution Next event!Welcome to thunderboy21 technical analysis,
Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action.
i shorted the top via this fractal for a 20% move down ( Did not expect that fast )
i think this is just going to play out, first on the rise up to 49k ish everyone gets ultra bullish and fomo longs, only to sell into the bigger sell orders that are waiting at these levels.
in the next post i will post the picture of this .618 - .66 fib with all the confluence i found! Make sure you check it out!
SMASH that like button !
Follow for more great insights!
that is thunderboy21 signing out
BTC Accumulation on MSOWRecently btc dropped violently, A move that caught many by surprise. As expected, that was a major sign of weakness for a larger distribution.
Price is being held in consolidation to create uncertainities among traders and also to accumulate orders for a mini long position. We can expect longs as we head into next week after the spring action.
This position would provide a reasonable RR and a good way to increase account balance.