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Wyckoffmethod

Bitcoin - Wyckoff Chart UpdateAfter 9 straight days* of positive price action, the longest continuous stretch of green days since the low of $3,195 in December 2018!, one can conclude that the Composite Man is in a hurry, so we need to re-calibrate the Wyckoff Chart to the new conditions. Looking at the current position, BTC has rallied strongly to the critical level of $40.8k level, with just two brief corrections along the way. It is now pulling back toward the Last Point of Supply (LPS) before launching itself “across the creek” towards $46k in a Sign of Strength (SOS) and a period of consolidation to confirm $44k as a strong level of support. At least that is the theory according to the Wyckoff Method. As such, I feel we have now transitioned from Phase C of the Accumulation to Phase D. As you can see, Phase B was extended with a period of redistribution, but volume has increased significantly since re-testing the $29k level underlining strong buying all through what has been the trading range since May 19. This confirms that bags are now packed for the journey to the next Distribution phase, with a last stop for all the laggards to re-pack at the LPS. * I note that the day is 15 minutes to closing and there is potential for the bar to close red, which would make it 8 straight days of green, and the longest run of green since June 26, 2019. Either way it looks like a doji inside bar and suggests a correction.
COINBASE:BTCUSDLong
by Crypto-Swing
7
Possible Wyckoff Accumulation on $ARCTI have been trying to identify and study the Wyckoff patterns ever since the pattern became recognized in the recent bitcoin distribution and accumulation phases. i believe i see accumulation in $ARCT, which is a biotech with mRNA vaccines and treatments. The stock is lower float, heavily shorted, and with current issues surrounding Covid-19, a potential runner. There are several gaps to fill above as well and earnings coming up shortly, with a potential to surprise to the upside.
NASDAQ:ARCTLong
by barrymeindrinks
NZDUSD Upside Correction | Market outlookThe NZD/USD pair corrects upwards after the US Federal Reserve's monetary policy decision. USD falls after yesterday's meeting of the regulator and the subsequent comments of its head, Jerome Powell. In general, all parameters of monetary policy remained unchanged, and the quantitative easing program remained in the total volume of $120B. The official named stable inflation around 2% and unemployment of 4– 5% as a key goal. He noted that discussions on changes in the bond repurchase program continued, and members of the department devoted more time to this than before. New Zealand authorities have decided to restrict the free movement of tourists from Australia. According to reports from the National Ministry of Health, the number of new cases of COVID-19 is on the rise again, and most of those infected are tourists from Australia. Thus, for at least eight weeks, all visitors from Australia will again undergo mandatory quarantine. The country's macroeconomic statistics are relatively stable. The index of confidence in business circles in July slightly decreased and amounted to –3.8 points, while the index of business activity from the National Bank increased by 26.3%, which is inferior to the growth of June by 31.6%.
Long
by DynamicCapital-FX
AUDUSD Uptrend Development? | Market outlookThe development of the uptrend in AUD/USD is due to yesterday's comments from the US Federal Reserve, which negatively affected the quotes of USD. Yesterday, the American regulator kept the interest rate at 0.25% and, although representatives of the department admitted that inflation is outside the norm, they said that no serious decisions on monetary policy should be expected in the near future. Investors reacted negatively to the statements of the US Fed, and by the close of trading the USD Index dropped to 92.28. Meanwhile, AUD/USD still maintains a long-term downtrend, towards which an upward correction is now developing.
Long
by DynamicCapital-FX
OIL EDGES UP | Market outlook Oil prices edged higher on Friday and for the week after a strong recovery from Mondays steep slide, underpinned by expectations that supply will remain tight through the year. Currently, the market is under the influence of opposite factors. Investors are alarmed by the growing incidence of the delta coronavirus, which could lead to new blockages and put pressure on global energy demand. On the other hand, several experts believe that oil consumption will continue to grow soon, despite the increase in production by the OPEC+ countries, which is illustrated by the gradual reduction of oil reserves in the United States. Technical Analysis We will likely see one final drop before upside continuation. And it's recommended to buy the dips around 62 area and Sell around the rally around 73 zone. Above 76 we will likely see market make new highs.
TVC:USOILShort
by DynamicCapital-FX
1
Crypto Markets In Trouble : Potential Wyckoff Warning SignWhat is TOTAL2? The TOTAL2 Shows us the Total Market Capitilisation of Cryptocurrencies (TOTAL MARKET VALUE) the amount of money in crypto excluding Bitcoin basically. Investing and trading based on price alone is like seeing the tip of an iceberg in the vast ocean, analyzing the Market Cap of cryptocurrencies is a great way to gauge the strength of Altcoins and the Market in general. ------------------------------------------------------------------------------ Potential Wyckoff Distribution: 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 ." See the Wyckoff Distribution Schematic here for comparison: www.wyckoffanalytics.com --------------------------------------------------------------------------- Thoughts: In this particular trading range we can see that the SUPPLY clearly outweighs the demand, with the equilibrium now falling below the initial formation of the trading range you can see on the left. Unless this gets back above 850 billion or so with the creation of a Inverse Head & Shoulders pattern (marked with yellow trendline) we are entering another potential mark down phase for Cryptocurrencies. Click this image to learn about Inverse Head & Shoulders Pattern: --------------------------------------------------------------------------- See my Bitcoin Distribution idea here for comparison: (Click and hit PRESS PLAY) Note the clear LPSY Last Point of Supply where BTC rallied with low volume and failed to get back inside the Trading Range. It is one of the key characteristics of DISTRIBUTION patterns.
CRYPTOCAP:TOTAL2Short
by Worth_The_Ri5k
7
EURUSD Wyckoff Analysis: ShortThe market did move narrowly and had a fake breakout. That is typical for whyckoff phase D during distribution. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
Short
by libertasrei
1
NZD CAD Major potential accumulationHey Guys, NZD CAD just came out of an accumulation on the daily timeframe, confirmed by the most recent break of structure, so our overall bias is long. But scoping in on the 1 hr timeframe we can see re-distribution, so we will not enter long yet, instead we will wait for price to go lower, and we MUST see accumulation on lower timeframes to go long, if we don't see an accumulation then very simply we will not be entering any longs. we will wait for the lower timeframes to be aligned with the higher timeframe to enter long. will update through the week.
Long
by Hammoud8721
USDJPY | Market outlook The Summer Olympics begins in Tokyo, which will be held amid a worsening pandemic situation in the country and in the world. Japanese Prime Minister Yoshihide Suga met with the leadership of Pfizer Inc., where he discussed the possibility of accelerating the supply of vaccines to the country. Also, the PRC government is launching an anti-dumping investigation against companies supplying rolled steel from Japan to China. It is expected that following the investigation, Japanese manufacturers will be obliged to pay anti-dumping duties from 39% to 45% The dollar strengthened against the Japanese yen Friday as the market shifted focus to next weeks Federal Reserve meeting. Investors next major focus is the Feds two-day policy meeting next week. Many economists still expect the meeting to advance discussions for a tapering of stimulus. Risk appetite remained high on Friday, with the rise in U.S. stocks, the sell-off in Treasuries, gains in most commodity currencies, and the greenback coming off its peaks. Possible retest around 110 area before bearish trend continuation. It's recommended to sell on the rallies.
Short
by DynamicCapital-FX
2
USD is smiling but for how long? | Technical AnalysisPublished today June data from the US construction sector was ambiguous. The number of building permits issued fell from 1.683 to 1.598 million instead of the expected increase of 1.700 million, but the number of new homes starts grew more than the market expected, from 1.546 to 1.643 million. The strengthening of the dollar is constrained by the worsening epidemiological situation in the USA due to the spread of the Delta strain. According to the Centers for Disease Control and Prevention (CDC), over the past week, the average daily increase in patients with coronavirus in the country amounted to 26K people, which is twice more than in June. Some companies are already taking action to contain the business impact of the new outbreak.
TVC:DXYShort
by DynamicCapital-FX
DKNG Are we starting to see the 10x advertising budget show?This is like a tiking time bomb waiting to explode in a good way. They stated at the begining of the year that it would be in their best interest to increase their advertising budget 10 fold. It was an obscene amount of money I want to say close to 50Million? I could be off by a 0 here or there. but the end result is based off increasing the advertising budget 10x we should see an increase to profits equal to. With covid and gambling going up in general....this should be an easy win win. by iCantw84it 07.20.2021
NASDAQ:DKNG
by iCantw84it