Education

XMRBTC - Follow Up on Wyckoff's Rules regarding Composite Man.

Updated

I posted this chart in another publishing earlier. I thought I would go ahead and publish it on its own.

There is no need for me to make further comments at this time, as most of them were made on the chart.

NOTE: If you had trouble reading explanation of the abbreviations in the top left hand corner, it can be seen much better in a repeat post of the chart below in a comment. For some reason, everything is kind of crunched together when you publish but more spread out when you "comment."

Note

I needed to add the purple horizontal rays on the 3rd Tier up and I added a short note of where I believe the 3rd breakout level will be, approximately.

Note

I did not bother adding more YELLOW horizontal rays between the 2nd and 3rd Breakout levels until there is more data. It's possible the Composite Man was killing two birds with one stone while profit taking on the way down before the Mark Up. What I mean is, it appeared like it was going to level out there for a little bit before falling down further before Marking Up. That period was probably used to determine if they may want to begin a purple Tier there instead of going up further to where I marked the 3rd Tier to be. That can be looked at more closely in several shorter time frame candles.

Note

The previous was 4h chart. This is 4h AGAIN "zoomed in" with more notes. I will be posting another chart zoomed in even more on a shorter time frame candle in a few.

Note

2h Chart. About to zoom in more.

Note

1h and zooming in more.

Note

That was the 45m Chart I posted previously.

Note

45m Chart again with comments.

Note

45m again with comments:

Note

Posting this one more 45m chart with the green arrows to bring attention before posting possible entry point.

Note

One more before entry recommendations with stop loss.

Note

My apologies, I had to post one more with a note on the volume before an entry recommendation.

Note

My apologies AGAIN. I HAD to show this before to show support for my entry recommendation.

Note

DON'T FORGET STOP LOSS. KEEP YOUR LOSSES SMALL AND YOUR WINNINGS LARGE>

HAPPY TRADING.

Note

Looks like many may have had their Stop Loss triggered here.

Note

Forgot to include abbreviations, in case one needs them:

Note

WyckoffMode

Also on:

Related publications

XMRBTC LOOKS LIKE IT'S MAKING A "MARK-UP" AFTER THE "THROWBACK"

by WyckoffMode

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.