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Wyckoffanalytics

ALGO completing Wyckoff accumulation phaseAfter a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model: 1. Preliminary Support (PS) established 2. Selling Climax (SC) achieved 3. Automatic Rally (AR) occurred 4. Secondary Tests (ST) occurred 5. Price broke key resistance level (Sign Of Strength / "crossed the creek" 6. Price Backed Up ("walk back to creek") The next phase is the mark-up phase. This could correspond well with a mid-term rally off SPY support level.
FTX:ALGOPERPLong
by cryptomius
Chainlink: 3 Bullish Signs#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note: 1. Whales are increasing buying of the token You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire LINK ---------------------------------------------------------------------------------------------- 2. Selling volume decreasing on the chart with trapped sellers This trading range has been going for quite some time yet the sellers were not able to secure a successful downwards breakout ---------------------------------------------------------------------------------------------- 3. Fitting Wyckoff Schematic quite nicely The Wyckoff Schematics help us identify the different between Accumulation and Distribution Trading Ranges - In a Trading Range the price Zig Zags up and down until eventually a breakout occurs, using the Wyckoff Accumulation Schematic we can see there are some clues in the similarities of the chart and the schematic that tell us LINK may be ready for a test of the upper bounds of the Trading Range.
Long
by Worth_The_Ri5k
8
RIPPLE | WYCKOFF METHOD | PHASE EWyckoff’s Schematics The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are briefly described below. Accumulation Schematic Phase E The Phase E is the last stage of an Accumulation Schematic . It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts. --- more information on the Wyckoff Method Explained here in Binance Academy.
BITTREX:XRPUSD
by ferGOD
7
USDCAD RE-ACCUMULATIONo Last week I thought price would go down and fill the imbalance left but boy was I wrong. Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go: We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle is a series of reaccumulations and the first one has just being completed After showing a sign of strength, the pair closed at a 4HR institutional candle where they have their buy orders. i.e Not expecting price to go below that candle For a low risk set up I would look for a wycoff accumulation in the lower time frame next week. Beware of high impact news on wednesday and friday that affect the pair. A spring is most likely to happen on friday but I would rathher wait for price to show me its hand. Find previuos analysis atached below,
Long
by hakeemb
4
BITCOIN BATTLE CONTINUES - KEY LEVELS APPROACHING!Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and the secondary test. The secondary test was on lighter volume indicating demand may have eased. We also couldn't reach the top of the trading range. Price failed at $13,200 with supply entering the market. This level may be tested in the future if we do see a rally higher. Although we are making lower highs, an indication of the downtrend establishing. Mid July we saw the bottom of the trading range tested and a minor sign of weakness. The price sliced through $10,000 on large volume and spread indicating large supply levels entering the market. We didn't see any follow through lower and this was the first sign that bitcoin may need to go sideways longer to build that cause for the next trend move. The first key level to watch is $10,520.30 - the top of the supply bar. This is the highest volume on the chart since the buying climax. Price has just moved through this area in the last 4 hours. The next few bars will be interesting. 18th July was the first sign of any demand entering the market and price rallied higher on nice volume and spread. We have seen this level defended on four occasions now. There are two ways to interpret this - the smart money is not allowing price to fall lower or they have not distributed fully yet and are doing this on the rallies higher. By 21st July the demand had eased and price had to fall to find further demand. We did see a spring of this area on July 29 and rallied strongly thereafter. Price rallied to $12,325 before stalling. The second key level I want to talk about is $10,974.63 - this has been a flip area for support and resistance since the supply came in at this level back in early July and may be a crucial level moving forward. Look at how many times on the chart price has bounced higher or lower off it. Look at 5th August, it was the first time in a while that price could break through this level. It was no coincidence that there is a large range demand bar starting at that level. It is the area where demand overcame supply. Unfortunately there wasn't much follow through higher after this and price trending sideways before failing again. In mid august the bottom of the trading range was tested and defended again. We have certainly now built enough cause for a move. We need to see the confirmation on the right hand side of the chart. A large demand bar that takes out these levels and rallies higher or a large collapse and supply bar taking out the bottom of the trading range. Either way there is a nice moving coming and patience is the key. So keep your eye on $10,974.63 in the near future!
BITSTAMP:BTCUSD
by AussieWyckoff
3