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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
WARNING: This entry is 1123 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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Bitcoin accumulation is real
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 Richard 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.
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.
For those not interested in Wyckoff wizardary charts then here is a fundamental chart. Chinese juice and the change in BTC price.
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.
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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...
...“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!”...
Jesse Livermore
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr
."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..
Mark Yusko
.."What greater wealth is there than to own your own life and spend it on growing"..
Ayn Rand
..“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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