Amazon Wyckoff SetupInstitutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a new idea.
Higher prices does not mean bullish outcomes.
many retail traders, dumb money, poor traders will enter trade positions into the tops of the range ( trust me, there are a few who enter BIG). thus, all along it was a bull trap, the beginning of the end. As a sidenote, for those who use wyckoff, it is absolutely necessary to confirm phases from other phases. This is how your precision is increased. Phase c is the hardest to confirm. with other confirmations though, you are able to improve your accuracy.
Wyckoff
$BTC Bitcoin ST 4 hour looks Bullish above resistanceBitcoin seeing some buyers and possible accumulation with volume uptick and testing resistance now. Above 23,000 can see higher for as much as 28,700 gap fill.
Will probably need some consolidation along the way, no straight lines up but above 23,000 I like the long bias.
Rejection here and it's most likely back down to 19,000 support . From there we see if it's a new leg down, or more time consolidating / trading in channel , prepping for next major leg (up or down).
My bias here favors the long side R/R
Cheers
WYCKOFF ASCENDING CHANNEL BTC?why im bullish short term?
-crypto too far down.
-w stoch turning up from extreme levels
-5 day stoch potential doble bottom first time ever
-People screaming recession and 10k and agressive shorting
-Phantom bull divs daily
get people think BR start. 24k? 26? then nuke
But its possible to get close to 30k, btc tends to go to extremes
Wyckoff Method - Target 30kAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
Potential Reversal, Waiting For Confirmation!EURUSD - Looking for swing shorts from this zone/potential continuations on the HTF (If this level breaks i'll be looking for buys towards the Daily high) We've had nice rejection from this zone I just wanna see Asia LQ get swiped then we should be good to go with confirmation!
Let me know your thoughts!
Bitcoin - Bottom with Wyckoff MethodHi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
With this chart, I propose my idea of a potential Bitcoin / BTCUSD / BTCUSDT bottom by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown . On this specific chart, we're taking a look at the accumulation cycle.
In this example, I'm pointing out all of the main phases with the turquoise anchor notes. You can scroll over them to see which phase it represents.
I used time cycles (at the top of the chart) as a mere point of reference, I am by no means claiming to know what will happen on which date. As I tried a few things, this time based cycle just so happens to fit well into the time frame that I have in mind for these phases.
Here are some terms and definitions you may find helpful when scrolling over the turquoise note anchors:
PS—preliminary support - where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax - the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally - which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test - in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
SOS - sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS - last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU - “back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Furthermore, a brief look at the phases:
Phase A
Marks the stopping of the prior downtrend. Up to this point, supply has been dominant. Selling climax (SC) occurs here.
Phase B
Institutions and large professional interests are accumulating at relatively low-prices in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing at lower prices and checking advances in price with short sales.
Phase C
It is in Phase C that the price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up.
Phase D
If you've plotted the phases correctly, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes.
Phase E
Price begins to behave bullish as demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived.
All of the above in mind, I believe we are currently trading in Phase B of the Wyckoff Method Accumulation phase. This means that we may still test support zone / resistance zone multiple times, until a clear bottom has been established. This, according to my analysis, could be around $12K, which has been a previous support zone during NOV/DEC 2020.
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The Final NestThis provides the path out in time to extend markup beyond 1300s and onto 1700. A general backup/retest is presumed to its relative activation level of 1120s; however, the previous nest had activation at 1143, so if that acts as a bounce zone preventing test of 1120s consider it a local sign of strength that gets the explosive follow through necessary to carry into upper channel by July 8 (the relative window for final nest), which would imply it makes it out of the previous relative window by July 9th.
To recap, if it makes it to 1300s the probability increases that it will continue to 1700s, which opens the door to 2333 - that will be difficult to continue from onto the goal target of mid 3000s at this pace - so that means either price picks up or they wasted all this time setting it up for nothing. Or it means trap was true intention but that would mean exsanguination.
Malleus Maleficarum
Easyjet - EZJ - LongGood Day!
Trade idea was posted via VIP group a few months ago - with significant gains, and profits booked. Successful trade.
However - the situation we have now, is a set-up now presenting an even better risk-to-reward ratio.
Previous trade commentary shared in VIP group, remains valid.
Good luck!
Best,
Figuring Out Finance
VIP Trade Set-up shared earlier this year:
Tues 4th Jan- 22: Trade update - Easyjet (EZJ)
Easyjet (EZJ) trade idea from Dec-21, has already delivered strong returns in a short space of time.
Markets reacting positively to the UK govt's stance on cautiously not increasing Covid restrictions, and the fact that Omicron is slowly being recognised as a 'milder' variant than expected.
This was in line with our 'house view ' on the market's potential overreaction to the new variant (albeit it's tragic news of course that people will continue to suffer from the effects of Covid).
Today EZJ opened at >10%.
Our Fund bought heavily into the recent fade of EZJ price, and will no longer be looking to increase our exposure at these prices.
Will re-evaluate our positions should price revisit sub 550.
Take profit around 850, continues to be valid.
Potential Sell - Retracement! GBP/JPY - Potential sell;
Waiting for price to tap back into the demand that broke LTF structure close to the current HOD or a break of momentum/retest, if we get that with failed highs i'll be targeting the lows!
Was looking good to enter now but was to risky/SL was to large!
Let me know your thoughts!
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FXHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- SILVER
- CHFJPY
- EURUSD
- GBPUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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