DOGE BRIEF TA - WYCKOFF ANALYTIC
Updated
TA Considerations Doge
Markup - Automatic Rally (AR)
Favorable reward/risk ratio existing.
Critical capitulation areas are tested and in tandem with BTC.
Trend leads -1%+ of BTC.
Testing .28c garners considerable accumulation(AR).
A comfortable area for shorts and broadening.
Price action is tightening for reversal.
Long - Expecting a secondary test(ST).
Conclusions/b]
- Volume appearances by actors and small percentile of retail.
- Stubborn/docile longs and shorts.
- Shorts are in trouble.
- Out of previous preliminary support(PS) of phase A.
BTC for the time period near death cross has had remarkable amounts of BULL volume.
Note
Psychology is strictly the main inhibitor of my personal buy or sell orders when it comes too the majority of the assets I trade - On ALL time frames. Use essential time frames that are larger ones because they are the charts with more noise.
Retain this following sentence through all your projections - Wyckoff Phases RULE OVER ALL NOISE.
Noise is a term I often use to gauge visual price action historical/and present. People who are more likely to sell or buy, long or short.
Time of fiscal quarter and its implications on largest movers (consortiums/institutions) is the largest sentimental/natural interaction one can exploit for personal data purposes and put into action(buy/sell etc), this and the layers of retail interaction and are all privy of exploitation from the average Joe who make up the 10% of the most successful traders(this is an assumption to be fair, however not entirely).
Sentimental interaction are feel good time periods, mostly around the 1st and 15th. Often times these are periods cops are more likely too pull you for a speeding ticket(I hope you get this analogy because I surely do).
Watch trickling price growth often a week before, say starting the 10th into and around the 14th, holidays(US government employees, 1st world 9-5's, etc). Individual roadmaps for whatever project development/company/etc you follow are the 'Composite Mans' time for interaction.
Combining this spectrum of focus to buy or sell with an order book such as okotoki [google this, can't post the link] is a setup I have garnered through continual success. Live order books provide a near All Seeing Eye into the scope of human behavior.
To note with unbiased intentions, Twitter and Social media play a tie in Wyckoff's phases and your own personal ideas that you turn into a sell or buy order, however they are inconsequential to the true 'Composite Men' who arguably control the world, some of them arguing with their money and power. Hence why exchanges/institutions/retail set bots to buy a large amount of Doge every time Elon would tweet. Exchanges did it too prepare for an influx of orders. Others a quick flip.
Focusing on to much of what the 'Composite Man/Men' might do is necessary, however their actions are routine and HIGHLY predictable. Focus on what they HAVE done, time and time again.
- Accumulation Periods
- Distribution Periods
Perhaps that provides stark transparency for you. My TA and FA are byproducts of an optic of psychological perspectives, behavioral science if you will - That I endlessly respect.
If many of these terms or ideas flew past you or hold no baring, or such as to require critique, do share.
Note
Capitulation on 1 day time frame seeks to engulf above 25 cent.
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