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Wyckoffaccumulation

BTC Current Wyckoff SchematicAnalyses of Trading Ranges (Stockcharts.com) "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. 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." Source and more great basic intro information for Wyckoff Method: school.stockcharts.com While BTC Holds Above the Previous Tesla buy in area 34200 expeciting a push to 40k or further as a confirmation of Accumulation. The next confirmation of Wyckoff is a SOS ( Sign of Strength / Jump Across the creek) followed by LPS (Last Point of Support) to confirm the beginning of a move to Mark Up Phase. See schematic here for reference: ibb.co
Long
by Worth_The_Ri5k
6
Bitcoin About to Test Key Resistance I have updated my chart to show, along with the Falling Wedge I have been tracking, the Rising Wedge created by the higher highs and higher lows after the Spring. I have also drawn in a "Creek" line of resistance, and what it interesting about tonight and tomorrow is: Bitcoin is getting ready to test the resistance being created by those 3 confluent areas: Falling Wedge (Yellow Dotted Lines) Rising Wedge (Yellow Dotted Lines) Creek (White Line) All of which come together around the 35K area. BTC could blow past that and begin its run to the upside, but more likely is that we see a rejection down to the bottom of the Rising Wedge at around 33.5K. All good if that happens, but if BTC breaks BELOW that resistance and starts closing candles down there, then all bets are off. I'm watching it like a Hawk this weekend.
B
by TommySantosCrypto
Is The Wyckoff Valid for Bitcoin?What is the Wyckoff Method? The Wyckoff accumulation is a century old form of technical analysis created by Richard D. Wyckoff. It is based on the principles of supply and demand. According to Wykoff there are two main phases in a market cycle: The accumulation phase and the distribution phase. f this was our Wyckoff spring moment then July could be very exciting! — Lark Davis (@TheCryptoLark) June 22, 2021 The accumulation phase usually follows a big price drop (Phase A) In the accumulation phase the price bottoms out as investors are starting to accumulate share or in this case Bitcoin. The demand and supply are close to even until slowly investors feel more comfortable to buy more and the price rises (Phase D and E in Graph). The distribution phase can be imagined as the mirrored version of this graph. After a heavy price increase, demand and supply are even and the price stops increasing, over time leading to a larger crash in price. Wyckoffs method states markets never repeat exact circumstances. So, instead of looking for the market to repeat itself, Wyckoff’s method requires analysts to look at broader sets of patterns. All price patterns vary slightly from previous incarnations either by size or volume to therefore making analysts adopt to different sets of outcomes instead of the same one. The second rule to the Wyckoff method tells investors and analysts to respect market relativity. Meaning, in order to understand today’s market trend, one must also evaluate the past. Finally, In the Wyckoff method, Wyckoff introduced three trends. These include up, down, and flat. He also introduced three time frames in his strategy: short term, intermediate, and long term. Is the Wyckoff Method valid? According to many experts in the industry, we could soon entering an uptrend in Bitcoin price. “In terms of the Wyckoff method, this $28.8K lower low is very similar to the $65K higher high. Both cause a maximum emotional effect on market participants.” Final thoughts Time will soon tell if the Bitcoin bounce off of 28k support this week is the spring to send Bitcoin back to reach it’s previous all time high. Many in crypto are hoping for a bullish reversal of the market come July.
COINBASE:BTCUSDLong
by sachi_diary
12
Wyckoff Accumulation (Update)For the past month Bitcoin has been in a very boring sideways moving range. However this pattern shown in the chart is a Wyckoff accumulation pattern which is used by the big whales to manipulate the market and acquire as much Bitcoin as possible while making the weak hands sell their Bitcoins by bulltrapping and bear trapping as seen in phase B and C. If BTC can hold the 33k level until the next daily candle this might be the last time we see 33k. We are at the very end of Phase C according to the Wyckoff accumulation pattern and are starting Phase D which signals a huge move towards the upside before consolidating a bit and launching even higher in Phase E. This would be a really good long position to keep an eye for. RSI on the Daily is also looking very bullish. It has been trending in a downwards sloping resistance for a couple of days now and a break up is inevitable and could result in a big move for Bitcoin! have linked a picture of the Wyckoff accumulation pattern. Good luck traders!
BITSTAMP:BTCUSDLong
by SpaceBlobb
3
Bitcoin Breaks Back Into Falling Wedge, Zero's in on Elliot WaveIf anyone tells you they know what Bitcoin is going to do here, they're lying to you. I do not like that BTC broke back into its Falling Wedge, but it is still respecting the bottom of the Wyckoff Trading Range by not breaking back into the purple area. In a previous post, I noted I was watching for both of these events. The first has happened, so we watch for the second now. I remain bullish in the short-term, though, as we see additional confluence in the Elliot Wave in its final leg. To confirm, I'm looking for BTC to climb back up above the wedge today or tomorrow, likely re-re-test it again, and if it succeeds, create the last upward leg of the Elliot Wave. If this ends up not playing out and BTC closes a candle within the purple, then we start to look at a possible Redistribution instead of an Accumulation. We're not there yet, but we consider it as we implement Risk Management. We all want BTC to start going up. but the people that make money are the ones that look at the current situation as objectively as possible. Every bullish scenario has a bearish counterpart. We need to know what that is and prepare for it no matter how unlikely. this price action is boring, but it's building to something, and there's money to be made - whichever direction it ends up going. Resources Elliot Wave Theory - www.investopedia.com Wyckoff Redistribution - stockcharts.com Hope everyone is getting ready for a great 4th of July weekend here in the states. Be safe. ****** I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
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by TommySantosCrypto
2
Has This Happened Before?Without a doubt. Over and over and over again. This has happened throughout the entire Bitcoin run, going back years. Basic, proven market tenets and strategies withstand the test of time, and when someone can identify them, there's potential for bigtime profit. If you have read my previous posts, you know that I'm tracking a Wyckoff Accumulation phase that is encapsulating a Falling Wedge pattern. Accumulation phases are used by Market Movers to force weak hands to panic sell their positions so that they can soak them up at cheaper prices. When these movers have squeezed the sponge of every last drop, then we begin the Markup phase where prices climb, and money is made. But we do not have to speculate if Wyckoff Accumulation is a real thing. Despite being a tried and true strategy for decades in the stock market, a quick scan of past Bitcoin price action shows history repeating itself over and over. I'll show you. Current Accumulation Pattern Accumulation - November, 2019 Accumulation - June, 2018 Accumulation - March, 2018 And so on, and so on... Keys to Making Money in Crypto Strip Out the Emotion - The market doesn't care about our feelings. Find the patterns, look at the data, make decisions based on that. Stop Trying to Get Rich Quick - Pump and Dumps are scams. Don't GAMBLE in Crypto. INVEST. Learn the Patterns - Learn solid Technical Analysis. What are the candles telling you? What are the patterns telling you? Don't worry about what the YouTubers are telling you. Their motivations are different than yours. Trade Like the Whales - Learn what Market Movers are thinking, and move when they move. Market Psychology is designed to make you sell when you're supposed to buy, and buy when you're supposed to sell. Implement Risk Management - Don't invest more than you can afford to lose, and protect your positions with stop losses. ****** I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
BITSTAMP:BTCUSD
by TommySantosCrypto
6
Bitcoin Testing Key Support Right NowAs expected, Bitcoin dropped overnight to the top of the Walling Wedge it rode in for what felt like years (it was really a couple of weeks). It's wicked down into it, so we'll see if it holds. RSI is right smack in the middle, so it has room to run either way. Check out my previous post for a breakdown of the 2 things I'm looking at over the next day or so. ****** I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together .
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by TommySantosCrypto
BTCUSDT 4h, Wyckoff accumulationm, bearish days may be ending?!?This is update of previous idea, so please take a look at related ideas for more information and follow us to be informed of idea updates. 🙋 Please let me know what you think. 🚀 If you would like to be kept updated, please follow us. 🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. 🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by golden_day
2
Bitcoin Holding Steady Above it's Falling WedgeThe crypto market as a whole had a great day today. We all breathed a sigh of relief when Bitcoin FINALLY DID SOMETHING DIFFERENT. And for those that have been paying attention you'll know that Bitcoin continues on its Wyckoffian Accumulation pattern, having finally broken out of both its Falling Wedge and the lower resistance that makes up the Trading Range. As of the time of this writing, we're seeing a slight pull-back, more than likely to test the top of the Falling Wedge - a Wedge, by the way, that most YouTube cryptoers hadn't even acknowledged until they needed a bullish signal to justify the breakout to the top, when they were scaring their viewers of an impending dump to the 20k's. I like to take things one step at a time. So for the next day or so I'm not worrying about 40K or 50K. I'm laser focused HERE: This is where we live for the next few hours. Everything else is noise. Does Bitcoin respect the top of the Wedge as support and continue up? If the answer we get is no, then the next area I'm looking at is this: Does Bitcoin respect the top of the Accumulation Trading Range? If the answer we get then is no, then we look for the bearish scenario and a dump down below 30K. And while I don't believe this scenario will play out, remember that Accumulation is an intentionally executed strategy. A euphoric (albeit small) pump to the upside has massive psychology behind it after weeks of boring sideways movement. It is reasonable to believe that Market Makers would use that and then dump the market to incite a final panic sell. So be careful, and remember that dips are not scary. Dips are where wealth is made. I'm starting out my Twitter account for Crypto. If you want "bottom line" content that doesn't spin you in technical circles or tries to sell you something, follow me if you'd be so kind, and share your thoughts. We're all learning, let's make money together.
BITFINEX:BTCUSD
by TommySantosCrypto