Sounds like FUD right? Is it? Is the bull run starting back up? Or is the bear market going to keep strong?
How long is the bear market going to keep going? A few months? Years?
What if a known pattern demonstrates where things are going (potentially). What if you could see a pattern of textbook manipulation that shows this summer is going to be more of a bear market, before the bull run starts back up?
Welcome to the Wyckoff Distribution!
https://school.stockcharts.com/doku.php?id=market_analysis%3Athe_wyckoff_method
This guy figured out the market manipulation cycles in the Great Depression and wanted to educate the masses to not get fooled and suckered.
Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is 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 head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. 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 legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.
Various parties act in unison as if they are one person making the market go up or down:
“…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.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2)
So this guy on YouTube saw this and predicted the continual downtrend and sell offs on April 25th. He saw the writing on the wall:
Check out his video here.
I'm no prophet. But look at that known pattern of manipulation. Take it for what it's worth to you. Maybe it's BS and just coincidence. Maybe it's accurate. I'm not sure at all lol. You can't know what's going to happen, even if two charts line up and you think they will stay aligned.
Check out his follow up videos. The BTC futures he looks at didn't pan out. But when I look at BTC charts, the Wyckoff distribution seems to still align. Look at the ups and downs of the BTC daily chart and the Wyckoff dist. It seems to follow...
Posted Using LeoFinance Beta
Yes the chart really does resemble a Wyckoff distribution. The whales and market makers tend to steal the most money possible.
Posted Using LeoFinance Beta
Yeah those with the money make have the power to just send things up or down at will
Posted Using LeoFinance Beta
Oh yeah we in a wyckoff redistribution phase for sure.
All the FUD scaring the noodle hands into ditching their crypto low only to FOMO back in when its high.
Most people in this space for a while are pretty diamond though.
Posted Using LeoFinance Beta
History repeats :P Suckers kicking themselves for buying high then they sell low hah.
Posted Using LeoFinance Beta
Smaller markets are much easier to manipulate and with so many big players floating around, I am sure the find it irresistible. We are going to see this for a while.
So yes I agree with your assessment that we are witnessing something similar to Wyckoff.
Posted Using LeoFinance Beta
For sure, so much more out there that has yet to get into the future of crypto.
Posted Using LeoFinance Beta
Congratulations @defime! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 2500 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!
Your post was promoted by @taskmaster4450le