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Uncomplication Find Wyckoff Pattern In Bitcoin Price 👉 https://youtu.be/Lhf_2gJJS1I
Cryptocurrency Technical Analysis Tutorial Part 1 👉 https://youtu.be/lW3eWIj3Q04
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Last Week’s Crypto News Update 👉 https://youtu.be/aT724-ELO60
– TIMESTAMPS –
2:10 Technical Analysis Basics
7:12 The Wyckoff Method
10:20 Wyckoff Accumulation Price Pattern
13:03 Wyckoff Distribution Price Pattern
16:06 Wyckoff Detected In Bitcoin’s Price
18:00 What Happens Next?
⛓️ 🔗 Useful Links 🔗 ⛓️
► Honma Munehisa History: https://medium.com/@fncnewz/the-most-successful-price-action-trader-in-history-munehisa-homma-84410008fa0e
► Wyckoff Method Explained (Technical): https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
► Wyckoff Method Explained (Simple): https://academy.binance.com/en/articles/the-wyckoff-method-explained
► Wyckoff Reaccumulation Explained: https://stockcharts.com/articles/wyckoff/2018/01/reaccumulation-review.html
► Wyckoff Redistribution Explained: https://stockcharts.com/articles/wyckoff/2015/11/redistribution-the-evil-twin.html
📊Technical Analysis Basics📊
The candlestick price charts we see today were invented by a Japanese rice merchant named Honma Munehisa almost 300 years ago.
Back in Homna’s day, these candlesticks were drawn out by hand, and over time he noticed the same price patterns would pop up over and over.
The price patterns he identified back then continue to be seen today, and this is because they fundamentally reflect patterns of human emotion, namely fear and greed.
👴The Wyckoff Method👴
When every trader is relying on the same patterns and indicator it makes it very profitable for someone to come in and disrupt the market by pushing the price above or below where people expect it to go.
This is what Richard Wyckoff noticed over 100 years ago while working on Wall Street alongside financial titans like JP Morgan and Charles Dow.
Like Honma Munehisa, Wyckoff saw that this institutional composite man would create the same four price patterns with his buying and selling behavior
📈Wykoff Accumulation Price Pattern📈
As the name suggests, the whole purpose of the accumulation phase is for institutions to buy as much of the asset within a price zone where the average investors and trader is paralyzed with fear.
📉Wyckoff Distribution Price Pattern📉
As the name again suggests, the distribution pattern is meant to make it possible for institutions to sell large amounts of crypto while keeping retail interest high through occasional price manipulation
🔎Wyckoff Patterns In Bitcoin’s Price🔎
As you might have guessed, the recent drop we saw with Bitcoin seems to be characteristic of Wyckoff’s distribution price pattern printed by institutions
Another crypto YouTuber called uncomplication noticed this distribution pattern almost a month before the crash. To quote uncomplication, the primary goal of the distribution pattern is to exhaust demand
🕵️♂What Happens Next According To Wyckoff?🕵️♂
Unfortunately, there is no way of knowing for sure how long this accumulation phase will last, but if the previous bull market is anything to go by, we should be back on track in the next couple of weeks
As I mentioned in this week’s crypto news update, you could potentially use Bitcoin dominance as a de facto measure of market greed
If Bitcoin dominance is low like it is now, that means people are still greedy enough to be holding lots of altcoins
This is a problem because it could send a signal to institutions that there’s more retail money left to be drained from the crypto market
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Bitcoin #Crypto #Wyckoff #whales #trading #technical
Currency Trading Markets: Important Facts a Trader Should Know
Currency trading markets around the globe function as trading anchors and also globally decentralized markets between purchasers and sellers of different money. The worths of the traded currencies are speculated by the participants. When you join a fx currency deal, you acquire one currency and pay in an additional currency.Number 1 Loser Indicator – Why Trading Moving Averages Fail
Find out why trading moving averages must be stayed clear of. Ever before roamed why you maintain obtaining subsequent losses while you still follow what you been taught in your training class?Forex Prediction – Can You Make $1 Million From a $5k Account Size?
On a regular basis I consult with and also advisor brand-new investors that have high expectations, concerning what they wish to attain, trading smart. Clearly it’s extremely important to have aims and passions to desire, however they should be attainable. Foreign exchange prediction can in some cases lead you a roaming from the major reason that you are trading.The Fully Automated Forex Trading System
Lengthy gone is the moment structure when just banks as well as personal institutions could trade the Foreign exchange market. Today, people have accessibility to trade their very own funds, and a great deal of it. The trade of international currencies has because been open to specific financiers, reserve banks like Financial institution of America, as well as several countries. Now with the growth of the Professional Expert trading strategies, the smaller investor is currently able to automate their trades like the large companies can.How to Trade Using Multiple Time Frames (Based on the Current Example of EUR/USD Market)
The single European money tried to rally last week but failed at the shown Fibonacci pivot at 1.2870 as well as declined again. If you have a look at the everyday chart, you will certainly see a good pattern of reduced lows and reduced highs. You will certainly additionally see that the costs are listed below the declining 21-day moving standard. All that informs us that EUR/USD is still in strong Short-Term drop.