After a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model:
1. Preliminary Support (PS) established
2. Selling Climax (SC) achieved
3. Automatic Rally (AR) occurred
4. Secondary Tests (ST) occurred
5. Price broke key resistance level (Sign Of Strength / "crossed the creek"
6. Price Backed Up ("walk back to...
The formation of a terminal shakeout always gives more chances to the bullish side .
But do not forget that it is necessary to confirm our judgments in the absence of the proposal
Wyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase.
Wyckoff gives you a big Risk to Reward Ration if entered right.
In the NZD/JPY attached picture, the price...
Wrote the schematic of a Wyckoff accumulation on the chart of bitcoin.
Schematic explanation:
Starting with a sellng climax (SC) and a secondary test (ST) where volume is still great. After phase a completes, volume starts to diminish and liquidity gets created by the secondary test in phase B (ST B). This liquidity trendline gets taken out by the forming of...
Here is my take following Wyckoff principles on the current potential bottom for BTC. We have currently left the range and onwards to a slow yet, possibly certain breakout. Let's see !
In this backtest I am relooking the re-accumulation on a diagonal TR that happened on the 1721 bullish breakout for gold, and where to place a tight entry on the LPS/SOS. This is purely for education purposes.
Wyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are...
Due to recent events of an unprecedented and MASSIVE rally to the upside on the test level buy order block at 1721, are we finally at the dawn of that long ride towards the +2000s again ?
Daddy Wyckoff seems to agree to that so far ...
Never have I ever seen distribution and accumulation phases play out this nicely.
The uptrend has just begun, Bitcoin is set for new all time highs in the near future.
For Wyckoff questions please read school.stockcharts.com
It looks like Wyckoff Accumulation is playing out well. We are currently in Phase D.
Disclaimer: Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
I believe this is a much more technically sound spring, while most people incorrectly assumed the previous phase B test was a Wyckoff spring. The volume was still too high last time. Volume has reduced since then and a trend change seems to be on the cards after dipping below the TR on low volume. Fingers crossed it succeeds.
![XRPUSD: RIPPLE - $XRP - [WYCKOFF] SPRINGS!?](https://s3.tradingview.com/9/9z2M26iD_mid.png "RIPPLE - $XRP - [WYCKOFF] SPRINGS!?")
