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Wyckoffmethod

Combining wyckoff's theory with ONCHAIN data"This is a hypothesis that needs more testing to be more precise." Wyckoff's theory t is one of the most influential theories of market expression, and the most important components of which are lateral movement areas and trends. This theory turns the graph into something like Dots and lines (stations and paths). But it is not as easy to use as written in books. After getting acquainted with Wyckoff's theory, I read several books on the subject, hoping that they could help me identify this area of ​​lateral movement, the area of accumulation, or distribution. But there was a fundamental drawback. It is challenging to diagnose this issue. In fact, the rules discussed in these books are highly interpretive and subjective, and two different individual traders may come to exactly opposite conclusions based on their interpretation. But as I became more familiar with the onchain analysis, an idea came to my mind that might be useful for more objectively recognizing charts based on Wyckoff's theory. Composite Man: Wyckoff proposed a theory to help understand price movements in stocks. this is the “Composite Man” theory. (The same concept of whales or strong hands.) he said: “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) In fact, composite Man is a hypothetical man who has so much money and stocks that when he wants he can gradually increase the price by buying stocks and creating demand, and when the price goes high enough he selles his stock and lower the price. The composite man is the main player in the market. Wyckoff says that if you want to make a good profit from the market, figure out what a composite man game is. In fact, having a way of showing us where the Composite Man is in the market, can help us understand future trends Who are the strong hands in the cryptocurrency market? (I use the strong hand word here instead of the composite man) There are those who buy or sell more per capita than other market participants (retailers). To understand this in the bitcoin market, I have used 3 charts and concepts: 1- Sending Addresses: The number of coins addresses making inflow transactions to the exchange. Indicates the number of sellers' wallets (number of sellers) 2- buyers Addresses: The number of coins addresses making outflow transactions from the exchange. Indicates the number of buyers' wallets (number of buyers) 3- Pay attention to this issue: the volume of transactions shows both the volume of sales and the buy (Volume of buy and sale is equal in the market) Considering the above 3 issues, it can be concluded: - If the number of Receiving Addresses is higher than the Sending Addresses (the number of people who bought compared to the number of those who sold), it indicates that more people bought and fewer people sold (given that the volume of sales and buys are the same) So the sellers were stronger hands. In such a situation, the composite man is on the sales side. - If the number of Sending Addresses is higher than the Receiving Addresses (number of people who have sold more than the number of people who have bought), it indicates that more people have been sellers and fewer people have been buyers (given that the volume of sales and buys are the same) so the buyers were stronger hands. In such a situation, the Composite man is on the buying side. To do this, the oscillator at the bottom of the chart divides the Number of Receiving Addresses by the Number of Sending Addresses. Numbers above 1.2 indicate that the Composite man is on the side of the sellers and should expect a price reduction in the future. Values below 1 (or 1.2) indicate that the Composite man is on the buyers side. And we should expect price increases in the future.
BITSTAMP:BTCUSDEducation
by cryptoonchain
BTC-USDT(Wyckoff Method)One of the primary reasons for using the Wyckoff method is to improve the market position by predicting the upcoming price movements, especially where a major risk/reward ratio is involved. Trading Ranges (TRs) is another concept used by the method which is used to determine the accumulation and distribution zones. These are those zones where the prices bounce between specific high and low points and a relative balance exists between demand and supply. Different institutions and traders prepare themselves for the next bull run by making buy and sell decisions using these ranges. In both the accumulation and distribution process, a composite man/mediator actively buys and sells. This volume or extent of distribution and accumulation further reveals the next moves for traders.The distribution and accumulation are considered as the most important part of the Wyckoff method in the cryptocurrency community. These schematics are divided into two sections, named distribution and accumulation. These sections are further divided into five sub-sections (ranging from A to E).
by Abudzag83
3
MONDAY LIVE: SPX500, USOIL, GOLD and FOREX Hi Traders, This is my view for this week on: - SPX500 FX:SPX500 - USOIL FX:USOIL - XAUUSD FX:XAUUSD - AUDJPY FX:AUDJPY - EURUSD FX:EURUSD - NZDUSD FX:NZDUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. ------ Pit - Trading Kitchen
by kitchen_trading
JICPT| BABA got my attention with daily sideway formationHello everyone. It's been a bloody two-year for BABA investors as it tumbled by more than 60% from late Oct. 2020. As I analyze the daily chart, I noticed two things: firstly, the red downtrend has been soooo well respected. secondly, major daily flip levels served as good supplies. What got my attention is not just the sideway formation on the daily. The decreased volume as well as the 3rd try failure to create new low are odds-enhancers for the bullish buyers. I'm still loading tech ETTs with exposure to Chinese tech giants. Admittedly, current P&L is around -10% before CNY. I'm confident to breakeven and make 20-30% in 2022. I recommend using dollar-cost-averaging strategy. We'd be patient for this setup to be paid off. What do you think? Give me a like if you're with me.
NYSE:BABALong
by JICPT
4
EURGBP on a Wyckoff point of viewHi Traders, This is my view on EURGBP using Wyckoff method… what do you think? I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Pit ———————
Long
by kitchen_trading
2 weeks ago the key was to wait the pullback, and now ? - LDTP#5Let's do the point ! Long time past since the last update, if you read it, I said I will wait for a pullback on the imbalances to gauge the buying force and potentially new entry setups (you can find this ideas attached to this one). And so ... Here we are. And another time PATIENCE was the key to not fall too rapidly in (maybe) a bull trap for retailers. So, we had a first stop on the first imbalance area, no signal in it so that why I waited this second area to post another update. Furthermore we already have an interesting thing : on lower timeframe (5 minutes) we have an accumulation pattern of Wyckoff in construction and I will post picture of it with more details later in this idea. This setup is for me the first to focus on because if we fail in the spring I expect the price to go down to $35,000 AND SO the fail of the pullback on the imbalance AND SO a retest of the support area in the next days. If the Wyckoff pattern succeed, it will be a good opportunity to see nice pressure candle on higher timeframe (4 hour probably) AND SO the opportunity to see the basic pattern = Exhaust - Pressure - Volumes. I want to add that for the moment volumes aren't convincing, they don't show interest for the level or from buyers, so buying volumes will have to be brutals to expect a long term bull conclusion. Don't forget : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" PS : Like, follow or comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
by Kentg
EURUSD With a New Wyckoff Cycle The price action of the EURUSD is currently behaving as per the expectations of the Wyckoff method, and this week's economic releases are likely to bolster this trend. There was a temporary break in the new Markdown, which was represented by the formation of the Flag pattern. However, the breakdown below the 38.2 per cent Fibonacci at 1.13524 indicated the continuation of the Markdown. At present, the price action is probing the major support level at 1.13190, underscored by the 500-day MA (in blue). A breakdown below it would allow for a dropdown towards the 61.8 per cent Fibonacci at 1.12642. The previous swing low at 1.11400 represents a deeper target.
Short
by Trendsharks