Wyckoff accumulation schematic
- Thread starter AU369
- Start date
People don't know much about bitcoin thats the issue.
They are blended and resistance against real facts.
Some real facts people doesn't like to hear.
Bitcoin is a bankers prodcut and has been created in 2006.
Bitcoin has been accumulated by big banks during 2009-2011.
JPM reports showing that the bank logged back in 2011 on average arround 50 times a day to bitcoin exchanges.Why?
The answer is simple for knowledgable traders.
They have accumulated bitcoin and are distributing it since 2012.That is the so called traders 101.
You can see these kind of accumulations and distributions throughout history on stock market.
So people should ask since bitcoin can't be peoples money what is the agenda behind bitcoin ?
Has bitcoin never being destroyed by governments like any other alternative currency because its a bankers product?
I recommend make your money but keep your eyes open to not lose everything like majority will do in a few years.
They are blended and resistance against real facts.
Some real facts people doesn't like to hear.
Bitcoin is a bankers prodcut and has been created in 2006.
Bitcoin has been accumulated by big banks during 2009-2011.
JPM reports showing that the bank logged back in 2011 on average arround 50 times a day to bitcoin exchanges.Why?
The answer is simple for knowledgable traders.
They have accumulated bitcoin and are distributing it since 2012.That is the so called traders 101.
You can see these kind of accumulations and distributions throughout history on stock market.
So people should ask since bitcoin can't be peoples money what is the agenda behind bitcoin ?
Has bitcoin never being destroyed by governments like any other alternative currency because its a bankers product?
I recommend make your money but keep your eyes open to not lose everything like majority will do in a few years.
Tipitip
Power Member
- Nov 26, 2018
- 597
- 397
So you basically mean pull out on time?
First buy the dip and make some profits but don't get greedy so you have enough time to move to real assets which won't lose in a financial crisis.
After that you need to understand how markets work.Money is circulating.Means it moves from one category to another.
Crypto is currently like the dot com bubble where everything went up even shit companies and where every stock nearly lost 95% of its value very quickly.Shit companies died and good legit companies could be bought for a bargain (example amazon for $5) .
Crypto is no diffrent like the dot com bubble but it has more targets.
First its a test net for central banks and their own digital currency.
Secondly its a great marketing tool for virtual money so it will be better accepted by the public
and thirdly it makes many people invest into crypto in a financial crisis instead in gold.
Gold is being currently delevagred which means manipulations there will be more difficult where manipulations on bitcoin which has been accumulated in the early stage already will be easy to manipulate down.
It's all about the new monetary system governments want to implement and bitcoin is just a tool for it.
TheKingSlayer
Power Member
- Mar 20, 2019
- 755
- 715
As per this the accumulation can go on for month+ even
We are in the end of phase c.I guess it will close somewhere on tuesday/wednesday.
After that we start phase d which makes bitcoin move to 43k again.This could take up to 10 days.
Wyckoff provides the main targets.Small movements and diffrences is not what you trade.
Lol k
Tipitip
Power Member
- Nov 26, 2018
- 597
- 397
Which coins will be like Amazon?
- May 27, 2016
- 11,085
- 2,516
And where did you get those "facts" exactly?
now up testing new high under resistance.
actually its working fine.Sold and shorted at 40.5k and rentered at 35.5 waiting now for 42-43kI hope you are not trading based on this
D
Deleted member 1333509
Guest
There's two guys on here who's crypto opinions I consistently like and are consistently on point. You guys are both in this thread.I hope you are not trading based on this
Relying on a single model for trading is no doubt a direct path to rape town.
Relying on a single model which is being executed makes the $$$
33.8k could be bottom however what makes a diffrence for me if 33.8k or 35.5k when target is 42-43k on a x3 leverage
Cool, but you are throwing your money at some drawing which lags. You've sold at $40500 while dropping, right?
I'm not trying to make you stop using Wyckoff, but please use some other confluences too, otherwise you'll get rekt hard at some point if you base your trades only on this.
Remember that the market makers like to use popular TA to trap the retail traders liquidity.