The following is a link to view image of Distribution Schematic #1: Wyckoff Events & Phases: https://imgur.com/nOJl0Dd
The following is a link with "basic" understanding of Wyckoff and his teachings: http://stockcharts.com/school/doku.php?i...
Famous quote of Wyckoff:
”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
I will have more information to come as things progress. I'm currently preparing dinner for my wife and son who are sick. I believe I have come down with it as well but I'm pushing through it.
I will create a Wyckoff Schematic for LTCUSD in the next publication to come very soon. More than likely within the next 4 to 8 hours.
Happy Trading and All the best!
Note the new yellow text bubble!
The ABBREVIATIONS DEFINITIONS have been updated by putting everything in alphabetical order. Those definitions will be included in most all Wyckoff Schematic charts and publications in the future.
I'm still very much "LONG" on this pair. Anyone considering a short position now is flirting with getting squeezed and left behind. When this goes up, it will be a "Terminal Breakout" in my opinion.
I'm basing my confirmation of this pair about to go up soon off the indicators you see at the bottom in each TF. Especially, the 2 Day and 3 Day TF's. Which see:
Again, EXAMPLE ONLY:
If you go to BTCUSD BitStamp to the 3 Day TF and mark a vertical time line for each dump and vertical time lines for the beginning of each spring (increase in price) you will see what I mean by my "Pattern Analysis" of April/May Spring to June/July Dump and October November Spring to December/January Dump.
Here's the Daily for visual update:
Here's the 2 Day TF:
Here's the Daily TF to simply show what I mean by "the noise."
The blue line on the top indicator has just not touched the 80% marker. Can it go higher than 80%. I believe so; based off what I'm seeing in the 2 Day TF.
The 720m makes me believe it's going to head up for a while before considering coming down.
Wyckoff ACCUMULATION Schematic #1 UPDATE: We are about to enter PHASE E in this ACCUMULATION Schematic. WHY the CAPS? Cause Phase E in an Accumulation Schematic is a WONDERFUL THING. ;-)
We're approaching time for this baby to go up to EVENTUALLY take profits in my opinion.
Yes, most ALT/USD pairs have taken a hit each time BTCUSD has gone up. They (Composite Groups) have dumped on them repeatedly. NOW they have many gun shy to get in on the ALT/USD pairs. Do NOT believe it will be like this forever. No?
This is for those who have not taken the time to read the links I've provided in regards to Wyckoff Phases within an ACCUMULATION schematic:
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, and reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Phase E: In phase E, the stock leaves the TR, demand is in full control, and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
Not sure what you're referring to. I simply posted that chart for me to look back on and for future clients to look at if they question my crypto trading analysis and trading history.
Still waiting in that regard. Got to see where we end up with our ATH before going there.
Well, lets hope so. Looks like it's ready to me. Not saying this very moment of course. The volume is low at the moment. However, it will pick up. When it does, it's going upside instead of downside in my opinion.
And here: http://weisonwyckoff.com/store/