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Chainlink

#LINK/BTC 1D (Binance) inverted Head & Shoulders break & retestChainLink is pulling back to neckline support, seems likely to bounce and resume bullish here. ⚡️⚡️ #LINK/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 9.2% Current Price: 0.0003923 Entry Targets: 1) 0.0003914 Take-Profit Targets: 1) 0.0004974 Stop Targets: 1) 0.0003490 Published By: @Zblaba CRYPTOCAP:LINK BINANCE:LINKBTC #ChainLink #DeFi #Oracle chain.link Risk/Reward= 1:2.5 Expected Profit= +27.1% Possible Loss= -10.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
ChainLink 30% profit projectionChainLink reach support level inside expanding channel up. This support also fibonacci .382 we can follow bullish wave from this level and aim for 30% profit projection at expanding channel up resistance. If this support broken, we can rebuy (martingale) at 15.482 Trading setup : Buy now at around 17.879 Take profit 1 : 20.120 Take profit 2 : 23.264 Martingale : Re-buy at 15.482 Good luck, I will update more if I found new key level. Make sure you support this analysis to get quick notification of any update.
Long
by AzrulAzir
Link daily bullflag target= $23 weekly bullflag target= $25Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout candle but it does feel like even if it isn’t the breakout candle is still just around the corner. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
3
#LINK/USDT 1h (OKX Futures) Ascending wedge on resistanceChainLink printed two shooting stars in a row and seems likely to retrace down to 200MA support. ⚡️⚡️ #LINK/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (5.6X) Amount: 5.0% Current Price: 20.219 Entry Targets: 1) 20.449 Take-Profit Targets: 1) 19.002 Stop Targets: 1) 21.174 Published By: @Zblaba CRYPTOCAP:LINK OKX:LINKUSDT.P #ChainLink #DeFi #Oracle chain.link Risk/Reward= 1:2.0 Expected Profit= +39.6% Possible Loss= -19.9% Estimated Gaintime= 2-4 days
Short
by TradingOn
6
ChainLink The Great AccumulationHello dear traders! If you like my graphics, please use Like button 💙💛. There exists a potential scenario wherein COINBASE:LINKUSD could undergo a substantial x4.6 surge between late 2023 and early 2024. In the chart provided, you can observe the accumulation pattern, with the price action mirroring it remarkably accurately. What strengthens this possibility is the ongoing robust accumulation phase that has been in progress since April 2022, spanning nearly 500 days.
Long
by ArShevelev
8
🚧Link is Bullish now🚧 & many Traders don't see it 👀!!!Hi. - COINEX:LINKUSDT Is in a Bullish flag Pattern! we Can Expect a Bullish Movement as much as the Measured Price movement ( Flag pole ) to happen! - COINEX:LINKUSDT broke out of the bullish flag and now testing the major supply zone around $18$. The Flag Is Broken - Break above the one will lead to more rally 📈 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
$LINK Steady Grind Up, Next Opportunity Coming.This Link chart is not something new from me, some time ago I showed you this accumulation range that lasted some 500 days. Now Link has broken out of the accumulation phase and entered expansion. What does this mean? It means Link will sustain a steady grind up with tight, shorter consolidation ranges until the next macro correction like we just some last month or two. It will be difficult to get involved with any serious size, confidently. My strategy? Train1 has left the station from accumulation and train 2 has left from the most recent macro consolidation. Therefore I will wait until the next clear high to be printed and macro consolidation range to set it, it will be clear. Green candles will turn into red candles. Range high and range low will appear. Link is currently in the next 'lead up' phase in the green box in my opinion. Could slice straight up, could come straight back down, so why but in thin air? You yourself know in your gut where a good entry is, trust your gut sometimes and be patient. Vatsik
Long
by cryptovatsik
LINKUSDT Fortifying Demand ZoneChainLink has once again proven its mettle by successfully defending the demand zone for the fourth consecutive time. This defense is a testament to the substantial demand for LINKUSDT that refuses to waver. Adding to the impressive show of strength, a simple uptrend trendline stepped into the spotlight, showcasing a bounce that echoes the resounding demand for ChainLink. The story here is clear: there's a substantial appetite for LINKUSDT, and the market is signaling a strong vote of confidence. So, what's on the horizon? Be prepared for a continuation of the upside move, a path that seems almost inevitable given the current scenario. The nearest resistance is at 161.8% Fibonacci retracement level. The stage is set for a grand performance, and we anticipate this level to be tested in the coming weeks.
Long
by CryptoPAMM
Is chainlink about to moon(10X)Based on the chart: Correction after the impulse started and is a flat correction, so based on my counts, it's either WXY or ABC correction, meaning, we need at least 3 correction cycles for us to confirm that it has ended and we are about to continue being bullish or a reversal is about to happen. So for Link the structure is looking bullish, correction is a continuation correction, at the current price levels we can/might be expecting a price going up from here...
Long
by Theofylrx
14
Chainlink and Paxos Forge Alliance to Boost PayPal USD AdoptionChainlink and Paxos have joined forces to bolster the utilization of PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ). This strategic alliance aims to leverage Chainlink's robust infrastructure and Paxos' expertise in stablecoin issuance to propel SEED_DONKEYDAN_MARKET_CAP:PYUSD into the forefront of on-chain transactions. By introducing the SEED_DONKEYDAN_MARKET_CAP:PYUSD Chainlink Price Feed on the Ethereum mainnet, the partners are set to revolutionize the landscape of tokenized real-world assets (RWAs) and pave the way for scalable on-chain finance solutions. Integration of Chainlink Price Feed: The integration of Chainlink's Price Feed for SEED_DONKEYDAN_MARKET_CAP:PYUSD heralds a new era of transparency, reliability, and decentralization in accessing market data for the PayPal USD stablecoin. With a focus on delivering highly accurate insights, this alliance empowers users with the necessary tools to engage in online transactions securely. By harnessing data from premium aggregators and deploying secured node operators, Chainlink ensures the integrity of PYUSD data on-chain, thereby laying the groundwork for widespread adoption and liquidity generation. Advancing Tokenized Real-World Assets: Beyond facilitating seamless transactions, the collaboration between Chainlink and Paxos underscores a shared commitment to advancing tokenized real-world assets. By providing a trusted framework for integrating SEED_DONKEYDAN_MARKET_CAP:PYUSD into decentralized ecosystems, the partners are poised to unlock new opportunities for billions of users worldwide. Moreover, the utilization of Chainlink Price Feeds not only enhances the credibility of SEED_DONKEYDAN_MARKET_CAP:PYUSD but also strengthens the broader ecosystem of stablecoin-based initiatives. Navigating Regulatory Challenges: While the launch of SEED_DONKEYDAN_MARKET_CAP:PYUSD marks a significant milestone in the evolution of stablecoins, it is not without its regulatory challenges. Amid concerns from U.S. lawmakers regarding the absence of a comprehensive crypto regulatory framework, the path to mainstream adoption remains fraught with uncertainties. However, the collaborative efforts of Chainlink and Paxos exemplify a proactive approach towards addressing regulatory concerns and fostering a conducive environment for innovation in the crypto payments landscape. Driving Interoperability with CCIP: In tandem with their efforts to promote PYUSD adoption, Chainlink continues to champion interoperability within the crypto ecosystem. Through initiatives such as the Cross-Chain Interoperability Protocol (CCIP), Chainlink has forged strategic partnerships with industry leaders like Circle to facilitate seamless cross-chain transfers. By integrating Circle's Cross-Chain Transfer Protocol (CCTP) into CCIP, Chainlink is bridging the divide between disparate blockchain networks, thereby unlocking new avenues for collaboration and growth. Conclusion: The collaboration between Chainlink and Paxos represents a pivotal moment in the evolution of stablecoin adoption and on-chain finance. By harnessing the power of Chainlink's Price Feeds and Paxos' stablecoin expertise, the partners are poised to redefine the future of online transactions and tokenized real-world assets. As regulatory frameworks continue to evolve, initiatives like PYUSD underscore the transformative potential of stablecoins in reshaping the global payments landscape. With Chainlink leading the charge towards interoperability and Paxos driving innovation in stablecoin issuance, the stage is set for a new era of decentralized finance powered by collaboration and technological innovation.
NASDAQ:PYPLLong
by DEXWireNews
The Rise of Celestia - What is TIA?A charts update - the returns of crypto assets for the last 6 months. CRYPTOCAP:SOL had its run in December which can be seen there, but the talk of the industry right now is LSE:TIA - Celestia, which kind of came out of nowhere since people have been talking about it very little, even here. That's because it's a very new project that only launched its mainnet in October 31st of 2023 so there hasn't been much time for it to make a name for itself yet to the general public. (Though if you were there from the beginning, I'm sure you're pretty happy with the returns now.) What is TIA, exactly? TIA advertises itself as the "modular blockchain" that can help with interoperability and scaling. (Yes, another one.) Looking at the charts as a whole, I think that this is a sign that investors in the space are taking the scaling idea much more seriously now. But as with most crypto hype cycles - the gains start to sag if the product itself doesn't deliver after the initial marketing blitz. I know a few people who went there since that's where the money is at the moment but I do see a few issues with the project that might make its long-term viability a challenge. - The project markets itself as "good for developers" but makes no mention of the types of products you can build on there, which gets me thinking that it's currently using VC capital to attract developers but has no actual users on board yet. As a brand new project this is maybe understandable but it's somewhat concerning that there doesn't seem to be a plan for that, at least publicly. - It raised money from FTX Ventures among others - which tells us something about their culture and ability to vet partners and money. - It is directly competing with Chainlink (which is also doing very well) and hundreds of others and doesn't seem to have a clear assertion of what makes this project different from the others. For projects like these, maintaining good relationships with lots of groups is probably the most important thing, and LINK has an advantage with this since they've been at it for much longer. All in all, TIA seems like a crypto project "by developers, for developers" to me right now and the website itself reads like that, even on the surface. Crypto itself is still waiting for that "killer app" that will bring in mainstream users - but I think we're still ways away from seeing that happen. But we'll see - maybe they have something up their sleeve that will encourage the folks from the ICO to stay on board. www.coindesk.com
COINBASE:TIAUSD
by RyanTanaka
Chainlink Market Analysis: The End ❌Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the conclusion of our previous bull run and effectively ended the corrective period, ushering in a new cycle. 🔄 This cycle may now have concluded, poised to enter a Wave 2 correction, expected to retrace between 50 to 78.6%. The 50% retracement level, aligning with the subordinate Wave 4 at $12.67, is particularly noteworthy. As for the current Wave 5, we've reached a potential area, with projections extending up to a maximum of $25. Yet, our analysis leans towards a consolidation around $20.30. 🔍 Observing the 4-hour chart, we regret to note that we missed capitalizing on this ascent due to a breakeven stop-out after securing profits, just as we're nearing the completion of Wave 3. Currently at the 161.8% extension, this level might either hold or be surpassed. If exceeded, a climb up to $27 could ensue. However, given our daily timeframe analysis capping at $25, we discount this scenario, anticipating a peak at the 261.8% extension, or $23.54, before a subordinate Wave 4 and a subsequent overarching final Wave 5 unfold. 📉 A correction down to at least $12.67 is anticipated thereafter. We'll continue to monitor the situation closely, ready to adjust our entry points should Chainlink's trajectory ascend further.
CRYPTO:LINKUSD
by stromm_by_wmc
4
Pyth Network (PYTH) vs. Chainlink (LINK) -A DeFi Oracle ShowdownOverview: Overview: Pyth Network (PYTH), a Solana-based high-frequency oracle, enters the DeFi arena, challenging the established player, Chainlink (LINK). As both projects provide crucial data feeds, let's examine their growth trajectories and delve into a trade setup for PYTH. Pyth Network (PYTH) Highlights: 1. *Real-Time Precision:* PYTH leverages Solana's capabilities for real-time computer analytics, redefining the standards for accuracy and speed in data provision. 2. *Thriving Ecosystem:* Beyond its role as an oracle, PYTH fosters a self-sustaining community and governance model, distinguishing itself in the rapidly evolving DeFi landscape. 3. *Crucial DeFi Role:* PYTH plays a vital role in aggregating diverse data points, ensuring a consensus on accurate asset prices, thereby contributing to the health of decentralized exchanges and DeFi protocols. Chainlink (LINK) Comparison: 1. *Established Leader:* Chainlink, a pioneer in the oracle space, has established itself as a reliable data provider across various blockchain ecosystems. 2. *Decentralized Oracle Network:* LINK's decentralized oracle network serves as a backbone for numerous DeFi applications, providing tamper-proof and reliable data. 3. *Market Presence:* LINK's market presence and partnerships have contributed to its growth, solidifying its position as a go-to oracle solution. Trade Setup for PYTH (PYTHUSDT): - *Entry Point:* Long position initiated at 0.2488. - *Stop-Loss:* Set below 0.2078 to manage downside risk. - *Target:* Aim for 0.3626 as the initial target, but caution followers to manage risk based on their portfolio size and risk tolerance. Technical Indicators (Daily Time Frame): - *Stoch RSI, RSI, Fischer Transform:* On the daily time frame, Stoch RSI, RSI, and Fischer Transform indicators are currently showing signs of being oversold. This oversold condition on a daily basis may suggest a potential upward price movement, making the current entry point favorable for a long position. Caution to Followers: This trade setup presents a no-risk scenario depending on individual portfolio sizes. Followers are advised to manage risk prudently, adjusting position sizes accordingly. While the comparison with LINK suggests potential growth, the oversold signals from daily indicators enhance the probability of an upward move. However, caution and risk management remain paramount in the volatile crypto market. Conclusion: As PYTH challenges LINK in the DeFi oracle space, the trade setup, coupled with oversold signals from key technical indicators on the daily time frame, offers an opportunity for potential gains. Followers are encouraged to stay vigilant, adapting their strategies as market conditions evolve. *Note: This analysis is based on current market conditions and should be adjusted as per evolving market dynamics. Followers are encouraged to conduct their own research before making any trading decisions.*
Long
by sir-rekt-alot
2
Chainlink - Did We Just Witness Wykoff Accumulation?To all my fellow traders, speculators and gamblers, its been some time since my last post. I hope you've all been well, and most importantly, bathing in huge profits :) It seems like Chainlink followed textbook Wykoff Accumulation Schematics. Not the most perfect schematics, notably PS ( Prelim Support) falling a little short of the soon to be Resistance Lines. In addition, BU only touched the resistance turned support once before rocketing up. However the first PS does line up with the BU and subsequent SOS (Show Of Strength) Phase A includes a number of additional ST ( Secondary Test) which is common after the SC (Selling Climax) stage. The selling Climax should've marked the lowest point, but price action made a lower low after the AR (Auto Rally) But it was merely a 19c difference. Price still stayed within the TR(Trading Range) and bounced from the support lines. The AR also marked the highest point within the trading range. These are all minor discrepancies as price action continued to follow Wykoff theory. We had multiple touches of the Support / Resistance lines, along with a perfect Spring (Final Shakeout/Bear Trap), Test and LPS, followed by a BU + SOS. It took approximately 533 days from the SC (Selling Climax) to the TR (Trading Range) breakout, The longer the accumulation period, the stronger the "Spring". Does this mean price will continue north? Not necessarily, we've all seen these schematics fail. After all, Chainlink is up over 305% since the $4.65 Spring/Shakeout/Bear Trap lows. That would've made an awesome long entry. However, price is still way below its $53 ATH, so anything is possible. Having a quick look we could see that price is currently at resistance levels. A break from the 19$ range could initiate further upside. Like the majority of the market, the crypto king (BTC) will probably dictate Chainlinks next move. If we are to follow Wykoff theory, we could expect further upside. I made a post back in May 22' private post titled "Link... Whales have been accumulating" I remember reading many articles at the time that stated big players were buying up Chainlink. Price action also found support at various Fibonacci levels, in addition to strong buy signals. RSI Levels were at record lows, in addition to a whopping 90% correction at the time. Unfortunately, I never got around to publishing that idea, it would've made a fantastic post. I am no expert on Wykoff theory, so I've included information taken from various online sources. Hopefully it helps, Much love and lots of profits to you all. What is Wyckoff Accumulation? Each cycle in the market begins with accumulation. This phase is marked by a range trend, where the market is relatively stable and rangebound. During this phase, institutional investors buy the stock at lower prices. Also, the volume tends to decline in this phase because the buying interest gradually absorbs the selling pressure. Another way to confirm accumulation is to look at the support level. You may notice higher lows, indicating that the buyers are gaining power. Slowly, the trading volume begins to rise. This is a key indicator of the shift in sentiment and suggests a breakout trend. As the accumulation progresses, you may see signs of strength in the price action, where the asset breaks above the trading range’s upper boundary. This breakout often indicates that the market is ready for an upward move. During the Wyckoff Accumulation process, smart money builds substantial positions at favourable prices before the broader market realizes the potential for an upward move. The accumulation may resemble a “compressed spring” on the chart. The longer it is, the better the indication of a breakout. Markup: The second phase of accumulation is the markup, which follows a breakout. According to Wyckoff, traders should find entry points through the pullback zones in this phase. Wyckoff Events PS— Preliminary Support , where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signalling that the down-move may be approaching its end. SC— Selling Climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR— Automatic Rally , which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST— Secondary Test , in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. Test — Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS — Sign Of Strength , a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS—Last Point of Support , the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—“Back-Up” . This term is short-hand for a colourful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level. Each Phase Explained. Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behaviour. Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation. In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base. Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets. Who Was Richard Wykoff? Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott, and Merrill. At age 15, he worked as a stock runner for a New York brokerage. Afterward, while still in his 20s, he became the head of his firm. He also founded and, for nearly two decades, wrote and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles, and techniques of trading methodology, money management, and mental discipline. Mr. Wyckoff observed numerous retail investors being repeatedly fleeced. Consequently, he dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money.” In the 1930s, he founded a school that would later become the Stock Market Institute. The school's central offering was a course that integrated the concepts that Wyckoff had learned about identifying large operators' accumulation and distribution of stock with how to take positions in harmony with these big players. His time-tested insights are as valid today as they were when first articulated. Speculative Setup, DYOR.
by bL1TZZ
25