The Wyckoff Method involves a five-step approach to stock selection and trade entry, which can be summarized as follows:
Determine the present position and probable future trend of the market. Is the market consolidating or trending? Does your analysis of market structure, supply and demand indicate the direction that is likely in the near future? This...
Good morning, traders. Hope y'all stayed safe during the move yesterday. There's a lot going on in this chart, but I wanted everyone to be aware of how we are watching price action play out.
As I discussed in yesterday's chart, and then expounded upon during the morning's live stream, there would be an attempt to push through the descending resistance line...
In my last chart, I had emphasized that the Wyckoff's Spring is likely at the $6,000 level (aka The Walls of Westeros) provided that price bounces from $6,000 and not any higher. Why is that? Well, it is important to remember that the Wyckoff's Spring needs to be a lower low.
Of course, this is all based on the assumption that Bitcoin is really trending according...
Using Wyckoff's schematic 1 Accumulation,we can analyse the volume to the price action and structure. The description worth mentioning is written on the chart :P.
