Worth_The_Ri5k

Worth_The_Ri5k

#Wyckoff Analysis for #DENT #DENTUSDT 3% risk 10-15% account gain Entry 0.001195 SL 0.000999 Target 0.0018-0.002 Perfect Wyckoff Based Chart If we see a SOS back above the range here it should do well. The price needs to get back above the Resistance defined by the "AR" Automatic Rally that followed the SC (Selling Climax), Once price has confirmed back above...

Worth_The_Ri5k

So far #Bitcoin has failed to hold its bearish breakout underneath TR3 (Trading Range 3) - once price re-entered the trading range it quickly moved to the other side performing a breakout, a sign sellers are trapped. If the price continues to hold above the TR3 breakout successfully then it has a likelihood of visiting the previous breakdown area at TR2 (Trading...

Worth_The_Ri5k

The Head & Shoulders Pattern signifies a change of trend from Bullish to Bearish. The Left Shoulder is the initial push by speculators. The Head is the major push by speculators. The Right Shoulder shows us the speculators have now failed to push the price higher then the Left Shoulder once more, a sign of weakness. Confirmation is followed by a breakdown of...

Worth_The_Ri5k

Bitcoin is still moving within a Trading Range here, and looks like its going to visit the Support area at around 37k at least unless something changes soon, #Altcoin markets are not looking great either Appearance is very similar to a bear-flags pattern, but we have to consider that the bear flag may not play out as everyone wishes, it could easily turn into a...

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What is General Pattern Failure? General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. Pictured above in the original chart is a normal breakout on a Inverse Head And Shoulders Pattern while the...

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The purpose of this idea is to give beginner analysists a introduction to some key principles and methodology used in understanding the movement of price within markets. One of those key principles is Market Phases, and we also use the Wyckoff Method to help us understand these Market Phases further....

Worth_The_Ri5k

1. Who is “Wyckoff”?: ----------------------------------------------------------- Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the...

Worth_The_Ri5k

Introduction: ----------------------------------------------------------- In the time period of April in 2021 Bitcoin reached its local high of roughly US $65,000 per coin, shortly after when May came along many social channels quickly lit up with the now infamous “Wyckoff Distribution Schematic” (This was one popular video that described it here:...

Worth_The_Ri5k

Introduction: --------------------------------- Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was considered one of the five “titans” of technical analysis , along with Dow, Gann , Elliott and Merrill. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the...

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#BTC is now above the Head & Shoulders trendline from November 2021. This is now the 6th attempt the bulls have had to break the trendline which makes it quite important. The Head & Shoulders Pattern can "Fail" once buyers reclaim the original trendline in which the price started to break down from, once price moves above this line many traders often start to...

Worth_The_Ri5k

#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note: 1. Whales are increasing buying of the token You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire...

Worth_The_Ri5k Updated 

This looks like the current dominant pattern on Bitcoin in this market.. 1. Create swing high resistance (Buying Climax) (Red Line) 2. Break high for liquidity (Bull Trap) (Pierce Above Red Line) 3. Break recent swing low, and retest previous support area to confirm resistance before heading downwards. (Purple Line) Basically this structure creates a Barr...

Worth_The_Ri5k

Trading futures is not for beginners and should only be attempted by experienced traders with a strong understanding of the market as a whole and especially a strong understanding of Risk Management & Trading Psychology. Below I have explained some of the Risks involved in Trading Futures: ------------------------- Liquidation When liquidation occurs your...

Worth_The_Ri5k

#ETH showing potential signs of Institutional Absorption here. By using Wyckoff Method of Analysis we can try and predict the direction of sideways movements by using identification characteristics on the Wyckoff Schematics. They are to be used as a general guide and paired with volume for a sound analysis of a probable direction. Read below for some intro...

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ENJUSDT (Enjin) showing a picture perfect wyckoff structure, see image attached. Volume has increased steadily to the buy side since breakout. Panic sell into previous resistance and failure to fall under is a sign of strength for a possible BU (Back Up) Action. ------------------------------------------------------------------ What is Wyckoff Method?...

Worth_The_Ri5k

Head & Shoulders Explained The Head & Shoulders Pattern & Inverse Head & Shoulders Patterns are quite common on Bitcoin and have had great results on the higher timeframe charts. Here are the main characteristics: • VOLUME MIMICS PATTERN • 3 PEAKS, LEFT & RIGHT SIMILAR HEIGHT • TRIANGULAR IN APPEARANCE • FOUND AFTER UPTREND • HIGH SUCCESS RATE • CAN BE...

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Amazing example of a Trading Range following Wyckoff Schematic #2. In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases...

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Basic Introduction to the Wyckoff Method: school.stockcharts.com Current Schematic: ibb.co Old Ideas: --------------------------------------------- Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare...