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Wyckoffdistribution

DKNG: another bounce candidate?DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only for a swing trade (maybe 1 or 2 weeks max ). My target is around 33-35 . Be careful below 27. Trade safe!
NASDAQ:DKNGLong
by Elpidaldo
19
TRADE WITH ME WYCKOFF RE-DISTRIBUTION AUDJPYWe've seen that AUDJPY, has been on a downtrend since the start of November, prior to that downtrend, AUDJPY, had a distribution phase forming at the top. Price has dropped ever since then and is now doing a correction, I believe we're in a re-distribution where after a prolong downtrend, the CO, has taken a pause to collect more orders before heading down. Now we're just at the start of phase, so many things can happen from here on out however, I can't help but notice since our PSY, volume has been dropping ever so slightly, indicating substantial buying from the correction has come to end. We've then had a buying climax where the CO has absorbed all buying orders and quickly shifted back down, causing a bull trap on later buyers. Since the CO has absorbed the buyers and trapped them, in addition to volume decreasing, buying pressure is no longer valid so sellers enter once more and tries to push the market down until they've got exhausted and created an AR. Now we have our trading range for AUDJPY and await our secondary test. From here we play the waiting game. Thanks for reading any comments or questions post them below IssaLJ,
Short
by BeaucoupPips
1
Bitcoin Wyckoff Distribution improved with FibonacciI started trading crypto and bitcoin back in July in 2021 when I started studying Wyckoff distribution patterns and found this 3 day wyckoff pattern. Bitcoin 1st Peaked when Robinhood & Coinbase IPOd back on March/April of 2021. Followed by a 2nd Peak when Bitcoin ETF IPOd back in October Bitcoin began to sell off hard after a Coinbase hack that put them offline for several hours/days in late October. This updated the original Wyckoff Distribution Pattern and decided to redo it using Fibonacci Time Zone, Retracements & Trend Based Extensions. What’s interesting about these patterns is they all coincide with each other and major events in financial and world events. Take the starting point of the Oct 03, 2020 is around the time Robinhood became popular. The PSY peak is right at insurrection on Jan 6th 2021 The bounce off PSY 0.382 retracement as Gamestop and Dogecoin took flight in main stream media. These events set the stage for the entire first Wykoff Phase A as we see BC reach the 1 extension and ST reach the 1.272 extension. These are upward trend retracement and extension. To Find SOW in phase B I will be looking to find downward trend retracements and extensions in a following update for the GME anniversary. If you follow any of my stock market macro, you will see BTC is closely correlated to major indexes which I plan on researching more closely in the coming weeks. As we approach a major selloff in indexes on Jan 19th OPEX. We find ourselves ending phase A on the eve of Gamestop's 1st anniversary. Trade Safe! As always, I’ll be back
Short
by SPYvsGME
13
Bearish on BTC with a potential Last Point of Supply in ProcessAt the moment, I'm calling for a fall on BTC to a new support level at potentially $40,000. The current range has formed a descending triangle in what I am seeing as a re-distribution trading range. Noted a few things observed on my chart *The volume spikes during the development of the TR. Both exhibited bullish behavior that eventually fizzled out into the resistance levels. No commitment above. Transfer of stock to weak hands? *Currently at the support level and showing near no demand agressivness like what has seen before off this level A thing to keep in mind: if we break this level, a quick fall is likely which could be our true spring and thus change the outcome of this TR. If demand cannot come in though we will be in real trouble. There are many things that exist outside of the chart on a macro level that I find hard to ignore in terms of a possible bear market. Omicron, Evergrande, Gov Debt, Huge Asset Bubbles; these are all risks to stability in the markets and can quickly generate fear and in turn, people will leave risky assets or assets that appear to be drastically over valued.
Short
by DecpBTC
Gold trading idea today, low risk scalping with high RR, Dec 14Did you analysis Gold chart ? Here's a Gold trading idea today, Dec 14. I'm often analysis Gold based Wyckoff in forex trading, ReadTheMarket's price action approach and OTL strategy. Now, we had a distribution scheme in m15 time frame. And, you could see fake-outs on above chart. There're 3 reaction of price when it was tried comeback Supply zone. I'd like to see price make a movement to FTB area (First time back to Supply zone). Wait for confirmation to minimize risk. Do you like this gold trading idea? If you find the article useful and interesting, please leave a comment ! ------------------------------------------ Attention about this Gold analysis React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex. This is a free blog sharing trading ideas. Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis . Happy Trading !
OANDA:XAUUSDShort
by UnknownUnicorn31399052
6
Ethereum : Learning Wyckoff Redistribution#ETH showing potential signs of Institutional Absorption here. By using Wyckoff Method of Analysis we can try and predict the direction of sideways movements by using identification characteristics on the Wyckoff Schematics. They are to be used as a general guide and paired with volume for a sound analysis of a probable direction. Read below for some intro education to Wyckoff. There is none to little information on Redistribution on the internet so I have created a small introduction below and on the chart. ------------------------------------------------------------------------------ First, a quick introduction, Who is Richard D Wyckoff? www.wyckoffanalytics.com "Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. At age 15, he took a job as a stock runner for a New York brokerage. While still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades, wrote and edited “The Magazine of Wall Street,” which at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff developed the Wyckoff Method that codified these traders’ best practices into laws, principles and techniques of trading methodology, money management and mental discipline." ------------------------------------------------------------------------------ What is the Wyckoff Method? The Wyckoff Method is a methodology and set of principles which helps anticipate potential future directional moves of the market, by using these principles the Wyckoff Method can help a trader time when to be in the market and when to sit it out. It also allows us to see which financial assets are weaker/stronger by a comparative analysis of different assets in the same sideways trading ranges. By studying volume we can also gain potential insights of what the "Composite Man" is up to behind the scenes of the market. "…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it." (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) ------------------------------------------------------------------------------ What are the 4 types of Trading Range structures? Accumulation - Green Heavy buying phase before uptrend begins Reaccumulation - Blue Rebuying to continue the uptrend Distribution - Red All buying is absorbed by larger interests, end of uptrend Redistribution - Orange Further demand is absorbed by institutional interests, continuation of downtrend ------------------------------------------------------------------------------ Identifying Redistribution: There is hardly any information on the internet regarding Redistribution, and the general consensus amongst traders is that redistribution is the hardest to spot out of the different types of market structures. Institutional interests are usually waiting on both sides of these stops, taking profits at the bottom of the range and quickly shutting down any breakout attempts above the range. The key characteristics of Redistribution: From my experience, Redistribution ranges are the most volatile out of all Trading Ranges, and swing wildly stopping out traders in both directions. The SoW Sign Of Weakness is shown early in the range and potentially towards the middle and end this is a high volume signature move down. There should be a creation and a defined Resistance area above which you can see price consectutively fall underneath struggling to get above, this eventually leads to the final downward breakdown which is confirmed by the LPSY (Last Point of Supply) falling underneath support. There are MANY different Wyckoff Schematics, that work in different ways, this particular schematic I have created an example of represents closely #Bitcoins top earlier in the year for comparison. Check below. BTC Top: BTC Redistribution (This is the LPSY of above image as it fell under) -Distribution can appear inside a Redistribution TR (Trading Range) as Accumulation can appear inside of a Reaccumulation TR -Richard D Wyckoff ------------------------------------------------------------------------------ So using the above ideas, if ETH fails to get back above the $4000 region soon it could be in trouble here at least in the short term, if we get a strong volume bounce above $4500 I will consider myself fully wrong for now. I hope you enjoyed the analysis, feel free to share your thoughts and critiques in the comments and thank you for reading.
COINBASE:ETHUSDShort
by Worth_The_Ri5k
BTCUSDT - Wyckoff Distribution is in action10 Years of Uptrend is about to End Please Don't Roast me, I know BTC is everyone favourite but maybe 10 years of long trend is about to end.... To me it looks like We are in Phase D of Wyckoff Distribution Phase. The Bear everyone is waiting in future might be just roaming around since last year. P.S. I am not a trader, this is not a Financial Advice, I am new to the market and learning different concept and to apply them for my personal learning and educational purpose. Please share your thoughts and ideas for improving my knowledge. Final Thought, I might be a wrong because BTC maximalist are crazy and this bubble might go and go and go.. Who Knows. I also wanted it to go on... :) Thanks.
Short
by CryptoCaffiene
7
BTC Likely In 2nd Wyckoff Redistribution Phase It is still a bit too early to say, but i just want to think ahead of a crowd. If we hold 55.4k we could be heading into a 2nd wyckoff redistribution phase from where we eventually break down into a bear market. Like last time It is a chance that many will predict breakup into new highs, which in reality we will probably not see for many years to come. Don't get me wrong, i love and respect btc, but i just don't believe there is much left in it and want to think the opposite of what majority expect. I explained why i think 75k to be the top in more detail in previous ideas. We likely won't see prices above 100k for the next 5-10 years. Be well. I am not a financial advisor so non of this is a financial advise. BINANCE:BTCUSDT
by AVA37
Wyckoff theory and Volume tradingHere is a breakdown on LTC because some have complained about my call to short LTC. I have not changed my bias. I want to give an example of the phases as I see it now and what I am looking for before I go LONG. This will be interesting for breakout traders since they usually don't realize that the break and retest trade is contained within phase C and may or may not contain a spring. But when it does it is a type 1 schematic and we see it pinpointed with a volume pattern we call the stop hunt pattern. Currently we are in Phase B.
Education
by FLASHGORDON10
1
US30, wait for Distribution in LTF Wait for confirmation ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex. This is a free blog sharing trading ideas. Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis . If you find the article useful and interesting, please leave a comment !
FX:US30
by UnknownUnicorn31399052
Will Gold test 1764 level? Gold analysis with Wyckoff methodAre you trading gold? In Europa session, we had small distribution range on the top. Now, i'm waiting to see the price going downward. There's a Quasimodo setup for long positions. So, we alway need confirmations to make an order. Will Gold test 1764 level? What do you think ? ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex. This is a free blog sharing trading ideas. Z Concepts is a forex and cryptocurrency trading strategy that combines Wyckoff, supply and demand , price action, and some other modern technical analysis . If you find the article useful and interesting, please leave a comment !
OANDA:XAUUSD
by UnknownUnicorn31399052
2