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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...

..."They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market."..

Jesse Livermore


.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..

George Soros


.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..

Spike Milligan


.."To cause high prices, all the Fed will do will be to lower the re discount rate..., producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The are private, conducted for the purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, and when to stop panic."...

Charles August Lindbergh Snr

..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..

Warren Buffet




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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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