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Created on: 2/13/2023 1:38:39 PM   Last Update: 2/13/2023 1:38:51 PM Posted by: RTT
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1 POST Bitcoin accumulation is real
bitcoin-accumulation-is-realRichard Wyckoff told his students think of waves of price and volume. This in short is the essence of tape reading.

There are not many books which actually assist money making, yet Tim Ord book below certainly helped this site. 


Ord



In the book above Tim Ord expands Richard Wyckoff logic and how to review a chart waves of price and volume. Lets use bticoin as an example (code is within readtheticker.com Analysis chart, more examples here)

The chart below uses a fixed bar period to form a 'price wave' and sums up the raw volume for each price wave. Up price waves are blue, down price waves are red.

To expand further, lets examine the consolidations A and B.

Consolidation A shows red volume higher than blue volume, blue volume is not substantial at all, hence there was little demand, little accumulation, and the consolidation result was one of re distribution to lower prices. 

Consolidation B shows blue volume higher than red volume, blue volume is substantial, hence there is solid demand, strong accumulation, and this consolidation is leaning to pure accumulation which is likely to lead to higher prices (of course this pattern does not mean a spike to a new low, like a terminal shake out, is not off the table). 


Click for popup. Clear your browser cache if image is not showing.
BTC



For those not interested in Wyckoff wizardary charts then here is a fundamental chart. Chinese juice and the change in BTC price.


Juice




Divider




NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

.."I believe that uncontrolled basic emotions are the true and deadly enemy of the speculator. That hope, fear, and greed is always present, these emotions sit on the edge of the psyche, waiting on the sidelines, waiting to jump into the action."..

Jesse Livermore


.."We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"..


Ayn Rand

.."Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"..

George Soros



.."Money couldn't buy friends, but you got a better class of enemy"..

Spike Milligan


.."Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it"..


Thomas Sowell




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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