Aliimannezhad
Newbie
- Jun 20, 2021
- 1
- 0
Great
Wyckoff accumulation schematic
- Thread starter AU369
- Start date
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Deleted member 1333509
Guest
I like Wyckoff and think it's good to use (to a degree), but it seems like almost no one has noticed something that seems glaringly obvious.
Both accum and dist share a high degree of correlation, except for their exit and entry paths being opposite.
Also there are re-accum and re-dist, just continuation versions of the two main reversion patterns.
So basically, Wyckoff accums and dists can easily both be applied in any sideways trending period that the above pattern is being formed and there's no way to know if it's exiting up or down, meaning that even though its kind of useful, it's also very much not reliable, more so than many other patterns that are a lot more reliable than this.
Uncomplication was actually not accurate at all in the end, his 2nd prediction video shows this clearly, even though the first one appeared to be accurate.
Wyckoff is just another example of a tool that whales can use in order to make traders think something that inevitably leads to them losing money arbitrarily, imho.
Both accum and dist share a high degree of correlation, except for their exit and entry paths being opposite.
So basically, Wyckoff accums and dists can easily both be applied in any sideways trending period that the above pattern is being formed and there's no way to know if it's exiting up or down, meaning that even though its kind of useful, it's also very much not reliable, more so than many other patterns that are a lot more reliable than this.
Uncomplication was actually not accurate at all in the end, his 2nd prediction video shows this clearly, even though the first one appeared to be accurate.
Wyckoff is just another example of a tool that whales can use in order to make traders think something that inevitably leads to them losing money arbitrarily, imho.
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Deleted member 1333509
Guest
Often, this is absolutely not the case.
If you're having success trading crypto mate, congrats. I get the feeling I would heavily disagree with a lot of what you think though.
No actually i sold when raising and got pissed for quickly shorting and not waiting for fake break outs like always.
Of course its not a 1:1 match but you got the major points/directions showing a frame inside we are going to trade.With a leverage of max x3 , entering at key support or resistance levels and key RSI sentiments makes the risk moderate.
I like Wyckoff and think it's good to use (to a degree), but it seems like almost no one has noticed something that seems glaringly obvious.
Both accum and dist share a high degree of correlation, except for their exit and entry paths being opposite.
Also there are re-accum and re-dist, just continuation versions of the two main reversion patterns.
So basically, Wyckoff accums and dists can easily both be applied in any sideways trending period that the above pattern is being formed and there's no way to know if it's exiting up or down, meaning that even though its kind of useful, it's also very much not reliable, more so than many other patterns that are a lot more reliable than this.
Uncomplication was actually not accurate at all in the end, his 2nd prediction video shows this clearly, even though the first one appeared to be accurate.
Wyckoff is just another example of a tool that whales can use in order to make traders think something that inevitably leads to them losing money arbitrarily, imho.
This is not correct.
If you are a bit longer in trading (stock market) you would know big banks used these schematics for decades to distribute new companies to the market.For example have a look at NKLA or NIO .Both distributed by to major US Banks.
We are clearly in an accumulation phase
1.Price crashed
2.highest fear index since years
3.Executing Wyckoff accumulation schematic
4.Based on statistics major transfer of bitcoin from retailers to longterm whales
5.Very positive news for bitcoin and crypto mass adoption.
5
5.1 getting legal tender in middle and south america
5.2 big new crypto funds accumulating coins
5.3 sec giving green light no regulations at least till 2022
5.4 High volatile accumulation phase is always a sign of mid term pump coming
5.5 Governments flooding econemy with cheap money
etc etc
where its not hard to predict in which direction the price will move once the accumulation phase ends.
Gold is also a nice indicator.It always gets beaten down before something bigger happens to protect fiat.
You should wait for more confluences than only Wyckoff and RSI when you close short or long and change directions. And never regret closing a profitable trade.
Use TDI instead of RSI to make your entries more precise. It's like God mode RSI
.Check out this video on how to use the TDI.
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Deleted member 1333509
Guest
You're confusing technical analysis and fundamental analysis mate.
You're saying that factors in understanding if we're in an accumulation phase include "highest fear index in years" and "very positive new for Bitcoin.. etc", but these are fundamental factors and have no bearing on deciding if we would be in a Wyckoff accum or dist phase.
If you don't see this without me pointing it out, you shouldn't be trying to lecture other people on how it works bud.
Also, I wasn't speaking about this particular point in time, but about the similarities (near indenticalness) of the main pattern described in both accum and dist phases.
Again, you should really be able to see the difference between me talking about the pattern in a general sense, and the specific situation the market is in now (something you feel like talking about obviously, but I wasn't).
Edison2304
Junior Member
- Feb 22, 2019
- 115
- 32
Interesting thread. I will follow it
I can't say I can agree with all of your statements, but this one is 100% right.
There's a strong correlation between the price of Gold and the price of the major fiat pairs and now we can see it in crypto also, but not that clear like for the fiat.
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You need to understand what bitcoin is.
Bitcoin is a banker product created in 2006.
It has been over some years accumulated and distributed.
JPM reports showed officaly their bank having already in 2011 daily logged into bitcoin exchanges 50 times a day.
They also posted in 2011 that they plan a quick 2000% profit via distribution phase.
Bitcoin was/is a test net for central banks to run their own digital money and to watch out for innovative solutions.
With some knowledge about ANY previous alternative currency you would know that any alternative currency which reached a seize of a few hundred people instantly got attacked by agencies and the creator put in jail.
Bitcoin never received these kind of real attacks other than verbal ones which worked perfectly to influence price.
What i want to say with it if you own big majority of bitcoins you can literally dictate its price.You can manipulate it up or down like you wish.
Musk has no power because of a tweet.He is just a cover up so people don't really dig how these dumps are being created.
You need to understand Bitcoins price will be exectly there where the elite want it to be and all the million retailers won't have any effect.They will just get shored in the end.
A nice example for it was the old top 4 CMC coin Quark.
It basicly was a scam coin.With large amount of coins to easily get a high rank in CMC.They accumulated majority of these coins during mining phase with orphans.
After that phase they bought over 6 months slowly more coins from open market so it looked like a legit distribution to all miners.
Once having an amount to easily dictate a price and knowing there are not many possible dumpers they started trading between each other increasing the price of quark coin by 500%.
Bought a lot of sponsored articles like on Reuters with the title about the quick 500% raise and that there coin will be in Max Kaiser show.
People jumped into that coin making that coin sky rocketing x100 waiting for the Max Kaiser news.During that time these scammers just sold 5% of their bags and another 13% after the max kaiser show to tank the price by 95%.
Same game just on a smaller scale.
Its the simple distribution of previous accumulated assets.
However there was a change in plan as it was only planned to gain quickly 2000%.
The change was caused by BRICS in end of 2012 not accepting the USD as sole world reserve currency in the new virtual monetary system.
NATO lost the battle and they agreed beginning of 2013 for a tri polar monetary system with Yuan getting a world reserve currency too.
https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1392.pdf
Preparing Yuan getting a world reserve currency took them nearly 7 years.
So what you are seeing now are the final years of paper money and a new world monetary system installed.
So bitcoin price will be ALWAYS there where they want it to be.
Remember the so called experts are always hyping something to later milk the retailers.I know what i say because i was one of their victims in the dot com bubble realising how i was played to later find out that it was all done like from a playbook written in the 50's .
It took me a fear years realising that bitcoin has been accumulated by big banks who do the exact same distribution like at the dot com bubble.
The only diffrence is that the timeframe is way longer because of BRICS winning the monetary system battle and nothing else.
Majority of current cryptos will go near zero in the end like in the dot com bubble.During that process they will high probably implement tight regulations (securities) for any kind of tokens if you read some already existing guidelines on new token offerings you know what i mean
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Deleted member 1333509
Guest
I feel like this is a parody post or trolling or something - the launch year of Bitcoin is just a Google search away mate and is easily one of the most well known and basic statistics relating to crypto there is. You're not talking to your mates at the milk bar now buddy.
Good luck on your journey of continued crypto learning mate.. you'll need it.
You are ignorant.......And i know that bitcoin is a bankers product as somebody with a link to Davos told me about it in 2013.
If you take google as your source then i wish you best of luck on your business decissions.You will need it.
But on the other side 20 years ago fresh after study and brainwashed with garbage i would also not belive such claims.Getting rekkt was a hard lesson which was an eye opener.The diffrence now is this is the last few years people can make any serious money in their life.
After that there won't be these opportunities anymore.
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