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Wyckoff

BTC/USDT - Overview 13 08 2022Hello my friend. On the 4-hour TF we see a good order flow, but if you look at the divergence indicator, you can already see a diver. Of course, I would like the cue ball to touch at least the 26700 zone, this is at least, and at best 30 and after that you can go lower, but apparently this will not happen. Vidim has collected a pool of liquidity in the zone 17622-18626. The only thing that confuses us is that when we fall down, we will fall right down to 9850.00-12468.00, this is the only moment that we don’t really like. But you need to understand that when we give growth, it will be a new ATH, so everything is fine.
Long
by smart_money_crypto
Wyckoff still playing out on BTCI have only been in the market 18 months, and have tried/tested many indicators. The only one that has remained consistently true up until this day, is the Wyckoff Distribution Schematic #1. It hasn't really faltered at all since people started drawing the comparison early 2021. If it remains true, we will hit ATH before the cycle is done, sometime around the end of June. That said, 18 months is not a long time. I just know what I know, and I know Wyckoff has been freaky accurate since I entered the market.
Long
by D-Rock_Anomaly
10
Bitcoin - Wyckoff says BE BRAVE 💡 Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Consider this quote : "Successful tape reading is a study of force, it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side." Richard Wyckoff understood that speculating markets is more than just analysis - you also need the courage to follow through on your analysis. Richard Wyckoff is the person famous for creating what we call the Wyckoff Method. 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 took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street. 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. What I love about looking at charts from a macro view, is that it cancels out the noise. Noise could be anything relating to chop trading, stop hunting and even news articles. Trying to understand the market and it's movements may seem futile, however Richard Wyckoff identified a pattern that could easily be translated as bullish cycles, bearish cycles, and the two brief phases that happens before each. Just before a bull cycle (markup), we have accumulation. Now this may take months or even years. Then, just before the bear cycle (markdown), we see distribution phase. This is very evident across all markets - the price cannot simply go up / go down forever! So what can we do with this information? It makes me back to the quote first mentioned: Have the courage to follow the market cycle. Here are my TOP #3 lessons for trading from Richard Wyckoff: 1)“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss” 2)“Man or woman seldom makes a success of anything! That is true of trading stocks, business endeavors or even hobbies! Success in day trading usually results from years of painstaking effort and absolute concentration upon the subject. It requires the devotion of one's whole time and attention to - the tape. He should have no other business or profession. "A man cannot serve two masters," and the tape is a tyrant. One” 3)“Especially he who puts his knowledge into actual practice, is constantly evolving new ideas and making discoveries which modify or nullify his former methods. From each new elevation he enjoys a broader view; what were obstacles disappear; his problems gradually simplify.” _________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
82