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VSA

Re-Distribution Looks Like AccumulationWhat we're seeing in the current ranging market of the past two months looks at first glance like price is gathering/accumulating at a potential bottom for an eventual move up. However, the behavior of price during this range confirms the background weakness in the market. The shakeout/Trap-Down move on 6/22 appears to be a Spring but the resulting market sell off and bounce off the bottom of the range re-confirms the market's lack of demand and intention to go lower.
Short
by GreyPool
1
BTCUSD my TA is my opinion, based on my study of wyck, vsa and price action, and definitely not trading advice. please dyor hey all so the range that btc is in right now appears to be accumulation, because 1. we're coming off a huge drop and 2. all or most of the big volume is in the lows, of this current range, looking back, B looks to be at identical re accumulation levels, that we saw at the begin of 2021/(demand zone) imho b will drop to 27,000 levels slightly lower than the drop at the beginning of the yr because we are coming off that huge 50% drop and hungry bears will get pulled in, thinking we're going to to the popular/fundamental call of 20k, which in my humble opinion, 20k is bear bait and whales will use it to trap bears before btc boosts off the incoming "spring" at 27k levels, watch for a high volume break below range, followed by a high volume bullish reaction. gl to all frbIII
COINBASE:BTCUSDLong
by freddy_ray_brown_III
3
35k-36k push breakdownSome VSA stuff regarding current trading range 1st Upthrust into 35k+ area on major volume which is right in the middle of UTb on the left side which is previous supply zone. Which itself means SUPPLY. Upbar after that on even higher volume with no result. That's supply, too. 2nd Upthrust goes further down on HIGHer volume. Lower than 1st UT, confirming weakness. Next is wide upbar pushing out of supply zone of UTb on huge volume, followed by 2 upbars on high volume. 3rd Upthrust confirms supply presence closing below 36k. It goes then up into prior supply zone of Upthrust UTa. Than catches stops above and falls on "final" Upthrust UTf, followed by consecutive NoDemand confirming weakness. On upper timeframes it's just no demand on low volume, narrow up bars showing supply. Beware of: weakness can suddenly dissapear as we have little supply showing on chart. And, yeah, it will be tested and doubletested as always.
BITFINEX:BTCUSD
by dlab
NIO - Potential Wyckoff Accumulation (P&F Target Inside)Since the distribution happened in Feb 2021, NYSE:NIO has formed a selling climax (SC) on 5 Mar 2021 followed by an automatic rally (AR), which defined the trading range. The selling climax comes with increasing of supply after reacting the earning announcement and even broke below the support at 40. Yet, there is no follow through to the downside. Instead, a trading range has formed. A lower high has formed within the trading range despite increasing effort (volume) to the upside, suggests that there is presence of supply. The down wave from 27 April till 23 May created a second point of fear (sort of) with localised increased of supply and spring below the selling climax low. The spring comes with increasing of supply and has been tested with a higher low and decreasing of supply, which is a successful test. Supply has been decreasing throughout the trading range is a bullish character. A commitment bar showed up on 24 May 2021 followed by a potential sign of strength rally. Right now, the price stalled at the resistance area with possible supply absorption characters. A commitment above 43 could suggest a start of a markup phase to test the upside target of 50 based on the point & figure (P&F) projection, as shown below. Based on the first segment (highlighted in green) with count line at 31, NIO has a minimum target price of around 50 should it commit above 43. Higher target can be estimated should the first target at 50 hit. Failure case: a break below 39 could suggest the timing is not yet ready, and more time to be spent within the trading range.
NYSE:NIOLong
by mingjong