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Wycoff

Bitcoin Wycoff AccumulationBitcoin is playing out a picture perfect Wycoff Accumulation phase so far. will be watching for a rejection at range highs and then a spring to 15-16k. The accumulation phase is a sideways and range bound period that occurs after a prolonged downtrend. This is the area where larger players try to build positions and shake out smaller fish without causing much of a further drop in price, or the beginning of the new trend. They aim to maintain this phase until all their positions have filled, hence the name “accumulation.” According to Wyckoff, there are six distinct parts of the accumulation phase, all with an important function. Below are all phases and labels for reference.
INDEX:BTCUSD
by carls1858
3
AXS/USDT Wycoff AccumulationAXS/USDT 🟢entry: $47.660- $44.495 ❌stoploss: $39.400 🎯tp1: $124.605 🔼potential %profit: +161.45% 🔽potential %loss: -17.33% r/r: 9.32 Hi Everyone, 🧩AXS appears to be undergoing Wycoff Accumulation. During Phase A, we saw a -52% mark-down with moderate volume to Preliminary Support (PS) and a -67% mark-down to Selling Climax (SC) with moderate-high volume. After establishing a tight range for 2 weeks after SC, an automatic rally began with high volume. 🧩After the first AR, Phase B began, establishing a much larger trading range. Within Phase B, we see 2 Spring Tests (ST) with moderate-low volume. Following the second ST, there was another large AR with high volume. Beginning with the second AR and through today’s date, we see sustained moderate-high volume, especially compared to the previous trading volumes. This can be interpreted as large operators fully committing to large-scale accumulation. 🧩As price is currently at the bottom of the trading range, it is probable that we are coming to the end of accumulation by large operators and will see one last ST to establish the final shake-out before a mark up to begin Phase D. 🧩Based on this analysis, I am entering a swing long. I will enter at the bottom of the trading range and patiently hold the position, watching for price to demonstrate LPS and SOS to confirm my analysis. I will sell half of the position in the annotated range of anticipated distribution and keep half the position to be placed as price establishes the actual distribution range. Check back for updates as the position progresses. Feedback and constructive criticism is always appreciated. ✌️All good luck and always practice strict risk management!
Long
by TylerPhilip
3
Gold Markets Looking Set to RecoverYesterday the Federal Reserve initiated their first interest rate hike since 2018, taking the Fed Funds rate from 0 – ¼% to ¼% – ½%. The rate hike of ¼% was not only anticipated by market participants but was also factored into current pricing. The dramatic change in the Fed’s forward guidance announcing that they intended to raise rates at each of the FOMC six meetings this year was not expected. Even more interesting was how investors reacted to the aggressive Fed policy. U.S. equities and gold staged respectable rallies both yesterday and today, which is not what you might expect from investors after hearing that the Federal Reserve plans to raise rates by 2% this year, or is it? After the release of the FOMC statement and Powell’s press conference yesterday, both risk-on and safe-haven assets classes moved substantially higher. This fact defines market sentiment as it pertains to what traders and investors are focusing upon. Three forces resulted in rallies in both the precious metals and U.S. stocks. First is what the Federal Reserve says it plans on doing and whether or not they can act as aggressively as stated in their revised guidance, coupled with the fact that the next FOMC meeting will not take place till May 3. Secondly, market participants are focused upon inflation which, according to the CPI data from February, is at 7.9%, a 40 year high. Lastly, investors continue to focus on Russia’s invasion of Ukraine. Gold gained approximately 2.47 % from yesterday’s low of $1895 compared to its current value of $1943. The NASDAQ composite gained 2.93%, the S&P 500 gained 2.78%, and the Dow Jones Industrial Average gained 2.42% in the last two days. This is a clear indication that the majority of traders and investors are focusing on the economic climate that exists now rather than what might occur at the end of this year or next. To Read More :- www.fxempire.com
FOREXCOM:XAUUSDLong
by GREENBACK_OFFICIAL
7