I felt like Daniel in the Stargate movie when he solved the activation.
I was going through some old charts looking for ideas and how charts followed through and this one comment blew my mind.
While I was studying Wyckoff theories and created my first chart for bitcoin.
I noticed patterns in markets, crypto and other world events.
Wyckoff theories got me thinking. I’ll start from the begging if you’re just learning about it.
GME AND WYCKOFF’S COMPOSITE MAN
My first attempt at using Wyckoff to explain GME.
I started connecting global Marco with the crypto world and made this next chart.
CHINA CRYPTO CRACKDOWN Only the 3rd chart I had done in TradingView, but it got me hooked in learning markets and finance.
It puts the global scale and impact crypto has had on economies, silicone/cpu/technology and the energy industry.
I believe China used that blackout to measure how much Crypto was being farmed on their energy.
A CRYPTO WYCKOFF DISTRIBUTION PATTERN
It was my first Wyckoff prediction for bitcoin.
This is where you will find the all the phases and labels in this Chart and what they stand for if you’re not familiar with Wyckoff distribution phases.
If you hit play and watch the follow through you will see it came pretty close to predicting the climb and fall during the second bitcoin craze.
If you read the phases, you will see I added a <— WE ARE HERE in the Secondary Retest.
A commenter in Feb this year said that we were already at UTAD and going into LPSY.
This chart idea is to create my original, but using my new layouts and this commenters theory that Bitcoin is kaput or not.
COINBASE… Wut Doin? I was really getting into understanding Crypto at this point and was fairly sure I found the long sought after Wyckoff Pattern in Bitcoin.
Until I discovered Coinbase was hacked and the entire crypto market low latency arbitrage was disaster.
You’ve seen the rest as Stocks, Bonds, SPACS, etc.. have started to implode in as liquidity is dried up.
SEMICONDUCTORS, CRYPTO AND MARKET SYNCHRONICITY
At this point I was fairly certain most if not all big market events in the past 6 years have some tight correlation with semiconductors and capital markets.
That includes Archigos, Gamestop, Short Squeezes were all part of this boom and bust cycle.
I admit some of my findings may seem hard to believe but somehow here you are still reading.
BACK IN THE SADDLE AGAIN
Russia Invades Ukraine. It’s always about Energy.
If you retrace historical ups and down of the stock market and crypto to world events the impacts are profound and long lasting.
This idea was an attempt to see if I could resolve the missing pieces to the Wyckoff puzzle.
I didn’t mean to make the trend lines the same as Ukraine flag. I didn’t realize it until after.
THERE WILL BE BLOOD
Jerome Powell just put a lid on Crypto.
By Monday you should start to see the effects on crypto and possible global markets.
By Jan 26th 2023 you should see Crypto hit the SOW in Phase D before 1 final bounce and fade below 5k in in 1yr from now… On September 11th no doubt.
This mystery is finally solved. I can rest. Only took me a year and a half..
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