OnlyProfits888

Just a revision of a wyckoff idea I post a few days ago. The shakeout phase did it job and had me confused, so I revised my idea and included info on this phase. I will be looking for price to continue down to the green or red trendlines and possibly make a bounce back up to the upper resistance levels created during the UT. The Wyckoff distribution model includes several phases, such as the: PSY (Preliminary Support), BCLMX (Buying Climax), AR (Automatic Rally Down), ST (Secondary Tests), SOW (Sign of Weakness), UT (Upthrust), UTAD (Upthrust After Distribution), LPSY (Last Point of Supply). During the distribution phase, the price usually goes through a series of tests and rejections of key resistance levels as the market begins to shift from an uptrend to a downtrend. Here's a detailed overview of each sub-phase and how to identify them using the Wyckoff method, volume, and other indicators: PSY: During the PSY sub-phase, the price action tends to fluctuate in a tight range, often forming a base or a bottom. This phase usually occurs after a significant increase in price, where traders and investors are looking for a potential reversal in the trend. To identify the PSY sub-phase, look for a consolidation period where the price remains range-bound with little volatility. Additionally, trading volume should be low during this phase as traders and investors are unsure of the direction of the market. During this sub-phase, the smart money and institutions may start accumulating positions in the market, taking advantage of the low prices. As such, a breakout above the consolidation range can signal the end of the PSY sub-phase and the beginning of the BCLMX sub-phase, where the market experiences a significant increase in trading volume and positive price momentum. BCLMX: This sub-phase occurs when the market reaches a peak, often breaking through a key resistance level. The BCLMX is typically accompanied by high trading volume and positive price momentum as traders and investors rush to buy into the market. However, smart money and institutions often use this as an opportunity to start offloading their positions, causing the price to reverse soon after. To identify the BCLMX sub-phase look for a sharp spike in trading volume, a breakout above a key resistance level, and a subsequent reversal in price action. AR: During the AR phase, the market experiences a sharp and fast move down in price, which retraces some of the gains from the Buying Climax (BCLMX). This move is often accompanied by high trading volume and positive price momentum. To identify the AR, look for a rapid price decline after the BCLMX, often in the form of a long red candlestick or a series of red candlesticks on a chart. The decline should occur on higher trading volume than the previous candles. The AR often retraces a significant portion of the gains from the BCLMX, but it does not typically break through the previous low established during the PSY. ST: During the ST phase, the market will typically retest the resistance level that was established during the BCLMX. The ST phase can provide valuable information about the strength of the market. If the ST fails to break through the resistance level, it can confirm the validity of the resistance level and signal a potential trend reversal. Conversely, if the ST breaks through the resistance level, it can signal continued strength in the market and potentially lead to higher prices. In terms of volume, the ST phase is often characterized by lower trading volume compared to the BCLMX and AR phases. This can indicate that there is less interest from market participants at this level, which can make it more difficult for prices to break through the resistance level. SOW: The SOW is a phase that can occur after the the Secondary Test (ST) and Last Point of Supply (LPSY) phase and indicates a significant downtrend. It's characterized by a sharp and sudden decline in price, often accompanied by high trading volume. During the SOW phase, price often breaks below key support levels, indicating a shift in market sentiment from bullish to bearish. You can identify these levels by analyzing the chart and identifying significant price zones where buyers have previously stepped in. ****SHAKEOUT: The shakeout phase typically happens before or after the UT (Upthrust). It is a period of market activity characterized by increased volatility and uncertainty. During this phase, there is a lot of buying and selling as traders try to take advantage of the market movement. The shakeout phase usually follows a accumulation phase, where smart money accumulates shares at lower prices. The smart money creates a range-bound market by buying low and selling high. During this phase, the price range is tight, and there is little volatility. In the shakeout phase, market participants test the support and resistance levels created during the accumulation phase. The price breaks through these levels, triggering stop-loss orders and causing panic selling. The smart money takes advantage of this situation by buying shares at lower prices. To identify the shakeout phase look for an increase in trading volume and a breakdown of support levels. The volume during the shakeout phase is usually higher than during the accumulation phase. You can also use the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to identify the shakeout phase. UT: The UT phase is a false breakout above the resistance level established during the Buying Climax (BC) and/or Secondary Test (ST) phase. It's a trap set by smart money to lure in late buyers before starting a significant downtrend. The UT is often characterized by a sharp and fast move up in price on lower trading volume compared to the Buying Climax (BCLMX) phase. This lower volume indicates weak buying support and often precedes a sharp reversal to the downside.To identify the UT phase look for a spike in price that breaks above the previous high from the BCLMX phase but fails to sustain that level. UTAD: During the UTAD sub-phase, the market may experience a final push up in price that breaks through the key resistance level established during the distribution phase. However, this breakout is often short-lived, and the market quickly reverses direction, signaling a potential trend reversal. The breakout may also occur on lower than average trading volume, indicating that the buying pressure is not sustained. The reversal is often accompanied by an increase in trading volume and a decline in price momentum. Other indicators, such as an oversold relative strength index (RSI) and moving averages, can also provide additional confirmation of the UTAD sub-phase. LPSY: The LPSY sub-phase typically occurs after the UTAD sub-phase and signals the end of the distribution phase and the beginning of the markdown phase. During the LPSY sub-phase, the price attempts to rally, but it meets selling pressure from the smart money and institutions who are still distributing their holdings. This results in a lower high in price and a decline in trading volume. The LPSY is usually the last opportunity for the smart money to distribute their holdings before the markdown phase, where prices will experience a significant and sustained decline. To identify the LPSY sub-phase, look for a lower high in price on decreasing trading volume, often forming a descending triangle or a bearish flag pattern. Additionally, price action should show a series of lower highs and lower lows, indicating the shift in the trend from bullish to bearish.

I will be looking to short from the current area as I see the last move up (Upthrust) as a bearish signal and false breakout to trick inexperienced traders. There is a lot of unrecovered green space below to be recovered before a push up.

The Bitcoin run could be coming to a halt here soon. Looks like distribution could be in play. All targets have been reached from the 3 Poor Performing Patterns idea. There is still one target that has not been hit which is the target from the right angled descending broadening wedge in my BTCUSDT Redistribution idea. In the current pattern The UTAD looks like it is completing, I will be looking for another SOW followed by a move up to complete the UTAD. Wyckoff Distribution Breakdown: Preliminary Supply (PSY): In this subphase, the smart money (large institutional investors and savvy traders) start selling their positions, but the market still looks bullish. The price may show a slight uptrend, but the volume is lower than usual. Indicators such as Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic Oscillator (STO) may show signs of bearish divergence. Buying Climax (BCLX): The buying climax is a point where the market has reached its peak, and buyers have exhausted their demand. This results in a rapid price increase, accompanied by a spike in volume. Market makers use this opportunity to unload their positions, resulting in a reversal in the market trend. Automatic Reaction (AR): After the buying climax, the market experiences a sharp price correction, which is known as an automatic reaction. The volume in this phase is relatively high, indicating that there is significant selling pressure. Indicators such as MACD and RSI may show bearish signals, while STO may become oversold. Secondary Test (ST): During this subphase, the market tries to test the previous high, but fails to break through. This creates a double top pattern and confirms the previous resistance level. The volume is lower than the previous subphase, indicating that the selling pressure is decreasing. Indicators such as MACD and RSI may show bearish divergence. Sign of Weakness (SOW): In this subphase, the market starts to show signs of weakness, indicating that the bears are taking control. The price may start to decline, and the volume is lower than the previous subphase, indicating that the selling pressure is decreasing. Indicators such as MACD and RSI may show bearish signals. Upthrust (UT): The upthrust is a false break above the previous resistance level, which attracts buyers but is quickly followed by a sharp reversal. The volume is usually lower than the previous subphase, indicating that the buying pressure is decreasing. Indicators such as MACD and RSI may show bearish divergence. Upthrust After Distribution (UTAD): This is a similar subphase to the upthrust, but it occurs after the distribution phase is complete. The volume is usually low, indicating that the buying pressure is almost nonexistent. Indicators such as MACD and RSI may show bearish signals. Last Point of Supply (LPSY): This is the final subphase of the distribution phase, where the market shows the last attempt to push the price higher. However, the buying pressure is very low, and the price quickly reverses to the downside. The volume is usually low, indicating that the selling pressure is almost nonexistent. Indicators such as MACD and RSI may show bearish signals.

Greetings! I made previous post about how to identify distribution using the Wyckoff Method. Since I am seeing a possible redistribution pattern playing out, I thought I'd follow up with how to identify redistribution as well. In redistribution, market participants who accumulated assets during the previous uptrend begin to distribute their holdings, leading to a decline in prices. By recognizing the various sub-phases of redistribution, you can gain insight into the intentions and actions of institutional traders. This can help you anticipate market trends and identify potential trading opportunities. If you look at the chart I have labeled each sub-phase of redistribution. I have also left some important indicators you can use to help identify each phase. The indicators are volume, momentum, rsi, and stoch. Preliminary Support (PSY): This phase represents the end of the previous uptrend and the start of a new downtrend. Look for low volume, narrow price ranges, and no significant price changes during this phase indicate a lack of demand. Often times you will need to go to smaller timeframes to identify. Selling Climax (SCLX): The SCLX is the first sign of weakness in the market. It is characterized by a sharp and sudden drop in price on high volume, often accompanied by panic selling. This event marks the end of the uptrend and the start of the redistribution phase. Look for high volume, negative price momentum, sharp price declines, and oversold indicators like the RSI or Stochastic to identify the SCLX. Automatic Rally (AR): The AR is a quick and sharp rebound in price that retraces some of the losses from the SCLX. This move is caused by bargain hunters who believe the market is oversold and is an opportunity to buy in at a discount. Look for high volume, positive momentum, and a retracement of 50% to 75% of the decline from the SCLX. This is a good time to enter a sell if you missed the previous move down. Secondary Test (ST): The ST is a retest of the previous support level established during the PSY. It is often marked by lower volume and less positive momentum compared to the AR. The ST can confirm the validity of the support level or indicate a potential trend reversal if it fails to hold. Look for lower volume, weaker momentum, and a retest of the previous support level to identify the ST. Sign of Weakness (SOW): The SOW is a decline in price on high volume that breaks below the support level established during the PSY and the ST. This move confirms that the smart money and institutions are actively distributing their positions. Look for high volume, negative momentum, and oversold indicators to identify the SOW. Upthrust (UT): The UT is a false breakout above the resistance level and is a sign of weakness in the market. Price moves above the resistance level but fails to sustain the momentum and quickly moves back below the resistance level. Look for a decrease in trading volume during the move above the resistance level, followed by a sharp increase in volume as price moves back below the resistance level. Look for bearish price action such as a series of lower highs and lower lows. UTAD (Upthrust After Distribution): The UTAD is similar to the UT. It's a final signal of weakness in the market and indicates that the downtrend is likely to continue. Look for similar characteristics as the UT. Last Point of Supply (LPSY): This is the final phase of redistribution, where the market experiences a temporary top or consolidation. Look for a small rally in price, often accompanied by low trading volume and overbought indicators. Also look for signs of distribution, such as a series of lower highs or a failure to break above a key resistance level.

Hopefully I am right, or this idea will be a total waste. This is a redo of my previous Wyckoff distribution idea. I thought I'd also share some information on how to identify distribution using the Wyckoff method. Hopefully this can be useful to those who are interested in using Wyckoff in their trading strategies. While it is a little tricky, I think it is a great method to help traders identify market structures, improve trade timing and know when the market makers are making big moves. There are other models of Wyckoff such as Re-Distribution, Accumulation and Re-Accumulation, but I will only be explaining Wyckoff Distribution phase in this idea. The Wyckoff distribution model includes several phases, such as the: PSY (Preliminary Support), BCLMX (Buying Climax), AR (Automatic Rally Down), ST (Secondary Tests), SOW (Sign of Weakness), UT (Upthrust), UTAD (Upthrust After Distribution), LPSY (Last Point of Supply). During the distribution phase, the price usually goes through a series of tests and rejections of key resistance levels as the market begins to shift from an uptrend to a downtrend. Here's a detailed overview of each sub-phase and how to identify them using the Wyckoff method, volume, and other indicators: PSY: During the PSY sub-phase, the price action tends to fluctuate in a tight range, often forming a base or a bottom. This phase usually occurs after a significant increase in price, where traders and investors are looking for a potential reversal in the trend. To identify the PSY sub-phase, look for a consolidation period where the price remains range-bound with little volatility. Additionally, trading volume should be low during this phase as traders and investors are unsure of the direction of the market. During this sub-phase, the smart money and institutions may start accumulating positions in the market, taking advantage of the low prices. As such, a breakout above the consolidation range can signal the end of the PSY sub-phase and the beginning of the BCLMX sub-phase, where the market experiences a significant increase in trading volume and positive price momentum. BCLMX: This sub-phase occurs when the market reaches a peak, often breaking through a key resistance level. The BCLMX is typically accompanied by high trading volume and positive price momentum as traders and investors rush to buy into the market. However, smart money and institutions often use this as an opportunity to start offloading their positions, causing the price to reverse soon after. To identify the BCLMX sub-phase look for a sharp spike in trading volume, a breakout above a key resistance level, and a subsequent reversal in price action. AR: During the AR phase, the market experiences a sharp and fast move down in price, which retraces some of the gains from the Buying Climax (BCLMX). This move is often accompanied by high trading volume and positive price momentum. To identify the AR, look for a rapid price decline after the BCLMX, often in the form of a long red candlestick or a series of red candlesticks on a chart. The decline should occur on higher trading volume than the previous candles. The AR often retraces a significant portion of the gains from the BCLMX, but it does not typically break through the previous low established during the PSY. ST: During the ST phase, the market will typically retest the resistance level that was established during the BCLMX. The ST phase can provide valuable information about the strength of the market. If the ST fails to break through the resistance level, it can confirm the validity of the resistance level and signal a potential trend reversal. Conversely, if the ST breaks through the resistance level, it can signal continued strength in the market and potentially lead to higher prices. In terms of volume, the ST phase is often characterized by lower trading volume compared to the BCLMX and AR phases. This can indicate that there is less interest from market participants at this level, which can make it more difficult for prices to break through the resistance level. SOW: The SOW is a phase that can occur after the the Secondary Test (ST) and Last Point of Supply (LPSY) phase and indicates a significant downtrend. It's characterized by a sharp and sudden decline in price, often accompanied by high trading volume. During the SOW phase, price often breaks below key support levels, indicating a shift in market sentiment from bullish to bearish. You can identify these levels by analyzing the chart and identifying significant price zones where buyers have previously stepped in. UT: The UT phase is a false breakout above the resistance level established during the Buying Climax (BC) and/or Secondary Test (ST) phase. It's a trap set by smart money to lure in late buyers before starting a significant downtrend. The UT is often characterized by a sharp and fast move up in price on lower trading volume compared to the Buying Climax (BCLMX) phase. This lower volume indicates weak buying support and often precedes a sharp reversal to the downside.To identify the UT phase look for a spike in price that breaks above the previous high from the BCLMX phase but fails to sustain that level. Once the UT phase is complete, the market may experience a "shakeout" and a significant decline in price. UTAD: During the UTAD sub-phase, the market may experience a final push up in price that breaks through the key resistance level established during the distribution phase. However, this breakout is often short-lived, and the market quickly reverses direction, signaling a potential trend reversal. The breakout may also occur on lower than average trading volume, indicating that the buying pressure is not sustained. The reversal is often accompanied by an increase in trading volume and a decline in price momentum. Other indicators, such as an oversold relative strength index (RSI) and moving averages, can also provide additional confirmation of the UTAD sub-phase. LPSY: The LPSY sub-phase typically occurs after the UTAD sub-phase and signals the end of the distribution phase and the beginning of the markdown phase. During the LPSY sub-phase, the price attempts to rally, but it meets selling pressure from the smart money and institutions who are still distributing their holdings. This results in a lower high in price and a decline in trading volume. The LPSY is usually the last opportunity for the smart money to distribute their holdings before the markdown phase, where prices will experience a significant and sustained decline. To identify the LPSY sub-phase, look for a lower high in price on decreasing trading volume, often forming a descending triangle or a bearish flag pattern. Additionally, price action should show a series of lower highs and lower lows, indicating the shift in the trend from bullish to bearish. This completes the sub-phases of Wyckoff Distribution, it's worth noting that the specific order and characteristics of each sub-phase can vary depending on market conditions and other factors. Traders should always use caution when using the Wyckoff distribution model, and should use other technical and fundamental analysis tools to confirm signals and make informed trading decisions. Here are a few links to diagrams of Wyckoff Distribution: images.app.goo.gl/kehaXf2AuD7RdjWj8 images.app.goo.gl/zTx861do44PZsYUx5 images.app.goo.gl/SXaNuwUuyKsnLzy69

I am looking for a potential test to the upside during the Euro/London Session. Overall I think this could be a distribution pattern playing out.

I am looking for the pair to have one last push up to complete the mark-up phase. I have entered a short scalp from at $134.666 and plan to close out when price reaches my buy zone.

Just a little scalp play here that may play out. Looks like redistribution. Price usually likes to find support over the weekend. $21,888-21,777 is my guess, so I'll take profit there.

Based on the information provided on the chart, I believe bitcoin could be re-accumulating and getting ready to make a move up after the recent drop, which I believe was manipulation and a liquidity grab. Entering a long from this area.

Looks like the pair may have found a bottom, and I am waiting to see if accumulation plays out. The Euro/London session make do a typical stop hunt rise and make a big move up. Unfortunately I entered a trade way to early without a stop loss, and now waiting in a large loss :( hopefully this plays out.