Get started

Search in ideas for "WYCKOFF"

Bitcoin's Price : Understanding the Phases and TrendsBitcoin's Price Movement: Understanding the Phases and Trends Bitcoin, the world's leading cryptocurrency, has had its fair share of price fluctuations over the years. To understand its price movement, traders and investors use a methodology called the Wyckoff method. This method helps to identify different phases and trends that Bitcoin goes through during its price cycles. In this article, we'll explore the different phases and trends that Bitcoin has gone through recently. Preliminary Support (PS) The preliminary support phase is the first phase of the Wyckoff method. It is the period when Bitcoin's price finds a support level after a decline. In the recent cycle, the preliminary support phase happened between 6th May 2022 and 12th July 2022. During this phase, Bitcoin's price ranged from $28,700 to $32,100. Selling Climax (SC) The selling climax phase is the second phase of the Wyckoff method. In June 2022, Bitcoin entered the selling climax zone when its price reached $17,829. During this phase, there is a high level of selling pressure, and the price drops rapidly. Automatic Rally (AR) After the selling climax phase, Bitcoin enters the automatic rally phase. During this phase, the selling pressure reduces, and the price starts to pick up. From the selling climax zone of $17,829, Bitcoin's price rose to $25,100. Secondary Test (ST) The secondary test phase is when the price of Bitcoin retests the previous support level. In September 2022, Bitcoin's price retested the selling climax zone and fell to $18,000. Phase B Phase B is the trending phase of the Wyckoff method. Bitcoin's price shot up from $15,600 to $25,100 during this phase. The bullish period for Phase B was between 24th November 2022 and 21st February 2023. Spring Test The Spring Test phase is when Bitcoin's price encounters the support level that was established during the preliminary support phase. On 10th March 2023, Bitcoin encountered the Spring Test Zone. Sign of Strength (SOS) The Sign of Strength phase, also known as Phase D, is the current phase in which Bitcoin is trading. During this phase, the price is expected to accumulate and then rise to mark up zone. Bitcoin's projected target by August 2023 is expected to be around $37,590. Conclusion Understanding the phases and trends that Bitcoin goes through is essential for traders and investors. The Wyckoff method provides a systematic way to analyze Bitcoin's price movement. The recent phases and trends that Bitcoin has gone through show that the cryptocurrency market is highly volatile and unpredictable. However, with a good understanding of the Wyckoff method and other technical analysis tools, traders and investors can make informed decisions and mitigate the risks associated with cryptocurrency trading.
Long
by TheNewsCrypto
Zeel has some strong buyers!Zeel is a high beta stock. In the past few sessions, few strong bullish candles have shown that buyers have entered the stock and are taking all the supply, in order to move the price higher. Various technical confluences have been taken into consideration, including breaking over previous pivot high, price respecting the 21 day exponential moving average(EMA), price sustaining and closing above the resistance. These all indicate the underlying bullishness in ZEEL. A certain aspect, which I think, should have been there, is the accumulation zone, or stage 1 of wyckoff. Accumulation zone is a very strong confirmation that strong players were absorbing the supply as the price came down and hence pushed the price up. Without an accumulation zone, price may retrace down. But as the price has sustained above the resistance in today's session, I am pretty confident in terms of this stock's bullishness. If volatility is on the higher side, then naked call can be done, but if volatility is relatively low then 150 CE can be bought and 170 CE sold. For futures or cash, I will enter on a 5 minute chart, with pullback strategy, wherein, I will wait for price to come back towards the ema, or near the resistance-turned-support or Fibonacci levels of 50% and 61.8%. The above strategy is my opinion and it doesn't mean that I suggest you to carry this trade without any risk management. Target of 165.9. SL according to risk management. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market. Consult your financial advisor before taking trades. I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:ZEELLong
by inteliigentrader
7
IEX chart as seen by AI regarding market cycleI asked AI on which stage of market cycle (Wyckoff cycle) is the stock in This is the response . Please note : "The response is verbatim (copy/paste) as per AI analysis and should not be construed as financial advice" Analyzing the provided monthly chart for the Indian Energy Exchange (IEX), we can deduce the following based on the Wyckoff Method and the price volume action visible: Prior Accumulation Phase (2017-2019): The initial period of the chart shows relatively stable price movement with no significant volume spikes. This suggests an accumulation phase where smart money could be acquiring shares without causing price surges. Markup Phase (2020-2021): The sharp price increase in this period, particularly noticeable around 2020, with accompanying high volume, indicates a markup phase. This is where public participation increases, driven by the bullish sentiment and the actions of the Composite Man pushing prices higher. Distribution Phase (Mid-2021) : The top formation, characterized by the price reaching a peak with increased volatility and volume, suggests a distribution phase. During this period, larger operators may be offloading their positions to the public, leading to a plateau or range-bound movement. Markdown Phase (2021-2023) : Following the distribution, there's a clear downtrend with red (bearish) candles and increasing volume, indicating a markdown phase. Prices are descending as selling pressure overcomes buying interest. Current Phase (2023 Onwards) : Most recently, there's been some consolidation with smaller candle bodies and wicks, along with reduced volume. This could be an indication of re-accumulation or preparation for a potential reversion or continuation of the downtrend. However, the last visible candle shows a significant bearish move with increased volume, which might suggest a continuation of the markdown phase rather than a reversal. Latest 5 Candles Analysis: The last five candles show increased volatility with bearish sentiment dominating. The presence of long upper wicks in the recent two candles indicates selling pressure and a potential rejection of higher prices. The last candle, in particular, is significantly bearish with a large body and increased volume, hinting at a strong bearish continuation. Volume Analysis: The volume has been fluctuating, with spikes corresponding to significant price movements. The latest volume increase on a bearish candle reinforces the likelihood of continued downward pressure. In summary, the chart presents a progression through Wyckoff's market cycles, with the recent activity pointing towards continued bearish momentum. The increased volume accompanying the latest downturn supports this analysis. However, it's essential to monitor subsequent price action and volume for signs of a potential phase change.
NSE:IEXShort
by stocky_bhai
BABA easyIMO everything will follow the path of China. Everything we own says "made in China" -- so why aren't we following BABA as a guide??? Our indices have followed the path. Our big caps are following the path. We don't need to reinvent the wheel. It's right there... I don't known anyone else who does this simple channel scheme w the charts. There may be a better way. It's is a no nonsense, no need for mult indicators etc analysis. Most companies will follow a Livermore-esque pattern. Up, consolidate (cone or rectangle), pump to peak (distribution if ur a Wyckoffer), back down to size. They can rinse and repeat the cycle for larger and larger cycles (a la Bitcoin-- though she has her own special personality). I do like some indicators for timing and confirmation. What the super pros in the history of trading will all say is: when in doubt zoom out. The mistakes I see when I read through other published ides on TV is that people fail to zoom out.
NYSE:BABA
by Lingamfelter
The long and winding road That leads to your door Will DisappearI've seen that road before, 200 level to be part of history lessons. For updates check linked ideas below. This is an educational idea and not a recommendation to buy or sell. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains
NSE:ITCLong
by AniketKabir
Start of Accumulation .From LH and LL we suddenly see Stopping Volume and we enter into a Side Ways Trading Zone . We see Huge Spread and Volume -- thats Institutional Buying ( Prelim Support - PS ) . We see the Selling Climax . SC . We see the easy Auto Rally . AR . The AR as expected cannot take us to a new High however it takes us to high of the PS Bar. THAT is a critical Bar . After AR as expected Volatility ( Volumes ) are lower BUT we see atleast a HL . A HL is a definite 100% evidence of CHANGE of Character . Instead of LL we hav seen a HL , WOW ! . The Demand Bar has now appeared .. Supply has tired a bit. DEMAND m has not yet overwhelmed Supply but atleast it is seeking parity... WE DONT enter the trade yet . We are waiting for several Secondary Tests down almost to SC levels . IF Lows are higher than SC then we will know Demand is winning out . IF upon approaching the Current RESISTANCE of new TR Down Bars are large with Volumes ---- Weakness resumes . We need to see STs and also Springs . We Can even trade Springs.. SO Time has not yet arrived to trade this.
NSE:JINDALSTEL
by CASubodhSharma