The Wyckoff Method used in BTC chart

[Anonymous No.10018176]

pic related - spring time?

[Anonymous No.10018204]

>>10018176
maybe i would expect that we will go to 4800-5k but who knows? everyone think that we will go much lower

[Anonymous No.10018308]

>>10018176
Is wyckoff method worthwhile to learn for a trader or is it all outdated tape reading stuff?

[Anonymous No.10018350]

>>10018308
pure luck in this market, don't buy memes, make educated guesses and try to minimize your risk

[Anonymous No.10018379]

>>10018350
Yeah fair enough. How about generally speaking though, in traditional markets and such? I'll probably wind up investigating myself anyway I've been curious about it, just wondering if by chance someone here knew about it

[Anonymous No.10018383]

https://www.tradingview.com/chart/BTCUSD/njAiYNie-Bitcoin-Accumulation-Process-or-Just-Crash/

[Anonymous No.10018417]

>>10018379
I'd say the wyckoff cycle is more niche than the regular horizontal line support/resistance and waves, but it does resemble a cup and handle somewhat. In any case it's always good to know more about various techniques. In our case the whales might be trying to initiate the wyckoff manually, sentiment is still bearish after all.

[Anonymous No.10018436]

I prefer the whackoff method. I just jerk off and edge all day until I see a big green candle then I bust a nut and hit sell. The universe never lets me edge for too long.

[Anonymous No.10018443]

>>10018417
The correlation in these charts is amazing, almost too perfect

[Anonymous No.10018717]

>>10018176
is anyone really depressed though?

[Anonymous No.10018748]

>>10018717
Nope.
Not me.
I don't care if we go up in a week or a month or a year. I know we will go up eventually.
Also as soon as I inject the fiat in crypto I consider it lost, so on the off-chance that we go to 0 I already lost it anyway.

[Anonymous No.10018783]

>>10018717
i was many times already but it's hard to tell how others people feel i can imagine if you get into crypto at 10k or more you are likely depressed as fuck

[Anonymous No.10018788]

>>10018417
Wyckoff itself implies the move is done by insiders. Look at the theory of Wyckoff, his principle is to assume that 1 person or group controls the market and that you should move with that group and look for their hidden hand. Wyckoff is litterly describing how a hidden hand called the ''composite man'' moves the market to his favor trough a supply/demand logic.

[Anonymous No.10019102]

>>10018308
It’s a ‘it works until it doesn’t” kind of thing.

[Anonymous No.10019346]

>>10018176
LOL Wyckoff