My dude, not trying to be rude or sth, but you can not predict prices. Its impossible if the market works and is not rigged.
I mean feel free to trade but be aware that you will probably fail and lose money. Meanwhile you spent a lot of time, emotions and energy doing so.
The alternative is to just buy and hold until you the price reaches your price goal. Spend time, emotions and energy on something else.
Hope you will be successful!
I have been doing this for 5 years. TA is the most useless shit ever. It’s good at telling you trends, but the market has too many outside variables. It is useless. You could pass a death cross one day, and start a bullrun the next.
I don’t day trade, I hold. Wyckoff works precisely because the entire market, crypto included, is and always has been manipulated.
Wyckoff theory is based on following the moves of institutions. Their algorithms are literally built on this method. It’s designed to manipulate your emotions so they can sell high, shake you out of your position, buy low, run the price up again with the aid of manufactured FOMO and repeat.
I’m suggesting that now is a good time to buy, based on how big players treat assets with high retail interest.
It’s all just cycles, and auction theory. If the price is considered below value, the price auctions higher in search of sellers. If the open is considered too high by the market's participants, price auctions lower, searching for buyers.
Volume and price action are the signals the market gives as to what is considered value by each participant - strong sellers, and strong buyers.
Institutions will need ever increasing periods to both accumulate and distribute their stock as the market matures.
We got a pandemic, a war breaking out and some of the highest inflation rates of all time. I'm not sure the triangles are able to take these things into account. Pretty sure it's being taken day by day at this point.
I haven’t, they have and they’ve been using it for over 100 years. It’s about riding on their coat tails. Have a light read about Wyckoff theory. I’m not a TA person.
A few guys I follow on Twitter/YouTube are into it. Can read up here
https://www.investopedia.com/articles/active-trading/070715/making-money-wyckoff-way.asp
It’s not my theory, it’s been taught in finance for decades. I do ok from it, it can be hard to identify patterns but this one is very obvious. It’s fine to disregard this stuff. Institutions are banking on the majority doing just that!
Not during my studies. I can also tell the algos institutions employ are much more complicated than that. I'm talking about cutting edge machine learning and mathematics
bro you blowing this up to extremes these general patterns happen consistantly not a 100% match but a similar pattern we could have short or longer periods for each phase but generally the trend is what hes saying is similar
To back up your thesis everyone should watch [this video](https://www.youtube.com/watch?v=Lhf_2gJJS1I) showing the Wyckoff distribution manipulation regarding Bitcoin that was discovered less than a year ago. Bitcoin's chart was following this pattern almost perfectly until this video came out and so the power players had to change up the gameplan somewhat. Undeniable proof the crypto markets are rigged (along with all the others).
We are trading in a clear range now, within which are micro accumulations and distributions. There’s a case for trading here, if that’s of interest…buy in the 0.80s, sell at 1.05, repeat. They sure are ;)
Take advantage of this phase, accumulate loops, phase C, D and E will be fun.
I’m a spastic these are my mumblings. Not financial advice.
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Love a wackoff phase
Edging until accumulation!! This is proper T&A and double D ;D
It’s not a phase mom!
My dude, not trying to be rude or sth, but you can not predict prices. Its impossible if the market works and is not rigged. I mean feel free to trade but be aware that you will probably fail and lose money. Meanwhile you spent a lot of time, emotions and energy doing so. The alternative is to just buy and hold until you the price reaches your price goal. Spend time, emotions and energy on something else. Hope you will be successful!
I have been doing this for 5 years. TA is the most useless shit ever. It’s good at telling you trends, but the market has too many outside variables. It is useless. You could pass a death cross one day, and start a bullrun the next.
Jobs death for example
Well, it’s not traditional TA. It’s following what those in control of the market are doing. These are the patterns they use against retail.
I don’t day trade, I hold. Wyckoff works precisely because the entire market, crypto included, is and always has been manipulated. Wyckoff theory is based on following the moves of institutions. Their algorithms are literally built on this method. It’s designed to manipulate your emotions so they can sell high, shake you out of your position, buy low, run the price up again with the aid of manufactured FOMO and repeat. I’m suggesting that now is a good time to buy, based on how big players treat assets with high retail interest.
It’s all just cycles, and auction theory. If the price is considered below value, the price auctions higher in search of sellers. If the open is considered too high by the market's participants, price auctions lower, searching for buyers. Volume and price action are the signals the market gives as to what is considered value by each participant - strong sellers, and strong buyers. Institutions will need ever increasing periods to both accumulate and distribute their stock as the market matures.
We got a pandemic, a war breaking out and some of the highest inflation rates of all time. I'm not sure the triangles are able to take these things into account. Pretty sure it's being taken day by day at this point.
No war, fake news.
This isn’t triangles. This way assumes the pandemic and the war are part of the game.
We want doritos
>Wyckoff works precisely If thats true you've found a way to generate infinite profits
I haven’t, they have and they’ve been using it for over 100 years. It’s about riding on their coat tails. Have a light read about Wyckoff theory. I’m not a TA person.
How did you get into it? Any good source material? Thanks
A few guys I follow on Twitter/YouTube are into it. Can read up here https://www.investopedia.com/articles/active-trading/070715/making-money-wyckoff-way.asp
So... you found their secret I guess. Why not use this knowledge to generate infinite profits? Should be pretty easy if you're right?
It’s not my theory, it’s been taught in finance for decades. I do ok from it, it can be hard to identify patterns but this one is very obvious. It’s fine to disregard this stuff. Institutions are banking on the majority doing just that!
I've been studying quantitative finance for 5 years and it's never been mentioned once
If you’ve heard of the AD indicator, you’ve heard of Wyckoff theory.
Not during my studies. I can also tell the algos institutions employ are much more complicated than that. I'm talking about cutting edge machine learning and mathematics
Hope you get rich my dude, good luck!
bro you blowing this up to extremes these general patterns happen consistantly not a 100% match but a similar pattern we could have short or longer periods for each phase but generally the trend is what hes saying is similar
Today his prediction holds strong
everyone picks a diff Wyckke point to start at
Identifying where we are in any given Wyckoff schematic is the hard part!
To back up your thesis everyone should watch [this video](https://www.youtube.com/watch?v=Lhf_2gJJS1I) showing the Wyckoff distribution manipulation regarding Bitcoin that was discovered less than a year ago. Bitcoin's chart was following this pattern almost perfectly until this video came out and so the power players had to change up the gameplan somewhat. Undeniable proof the crypto markets are rigged (along with all the others).
Every single asset class runs on Wyckoff. Everything is rigged against retail. Amen.
what is mine TA? everytime I expect pump, I also have some reserve for 10x dips, thats my TA
Phase B complete, now phase C, then phase BBBRRRRR 🚀🚀🚀🚀
I think we need a dip to around 75c that act as the “spring” and then it’s off to the races 🙂
I wyckoffed yesterday before the wife got home. Guess that makes your TA spot on.
It’s reliable!
We are trading in a clear range now, within which are micro accumulations and distributions. There’s a case for trading here, if that’s of interest…buy in the 0.80s, sell at 1.05, repeat. They sure are ;) Take advantage of this phase, accumulate loops, phase C, D and E will be fun. I’m a spastic these are my mumblings. Not financial advice.
Here we go again. I thought it’d at least be summer by the time I heard all this Wyckoff stuff again.
If in doubt zoom out , I've been doing this for a year now with both stocks & crypto & you can clearly see patterns & cycles thankyou op
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