mcbw_
Education

Wyckoff's 'Composite Man' showing his hand

BITFINEX:XRPUSD   Ripple / U.S. Dollar
Crypto is still the wild west, even with the adoption that has happened so far; here we can see a huge wash trade unfolding in Ripple. To copy from stockcharts, here are Richard D. Wyckoff's remarks on market operators (the composite man) and wash trading:

-The Composite Man carefully plans, executes, and concludes his campaigns.
-The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.”
-One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it.
-With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. ----Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them.

If you are looking to make large returns on the XRPUSD or XRPBTC             pair right now, keep a tight stop-loss and consider the (lack of) forces behind this sudden momentum.

It is interesting to see how the XRPUSD price has been kept in a very tight range for so many months and over the last few hours pushed to a breakout. With analysis of volume and price action I believe it may be possible to measure if something is being manipulated. Which could be valuable information if you would like to join such a force. If anyone is interested in working on a project regarding this please message me.
I believe the sudden burst in XRP was a result of people moving wealth from btc , i could be wrong but everyone expected btc to run and it didnt , just a thought i mine anyways.
Cheers
good read!
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out