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Wyckoff Price CycleHello Traders, Today I wanted to show you a little bit of information to help you understand the market cycle in a Wyckoff Price Cycle. Richard Wyckoff was a world renowned trader from over 100 years ago who gained notoriety back in the roaring 20's. You should take some time to get to know him and his teachings. Here is an understanding of his development of the price cycle. According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown. Wyckoff's chart-based methodology rests on three fundamental “laws” that affect many aspects of analysis. These include determining the market's and individual stocks' current and potential future directional bias, selecting the best stocks to trade long or short, identifying the readiness of a stock to leave a trading range and projecting price targets in a trend from a stock’s behavior in a trading range. These laws inform the analysis of every chart and the selection of every stock to trade. 1. The law of supply and demand determines the price direction. This principle is central to Wyckoff's method of trading and investing. When demand is greater than supply, prices rise, and when supply is greater than demand, prices fall. The trader/analyst can study the balance between supply and demand by comparing price and volume bars over time. This law is deceptively simple, but learning to accurately evaluate supply and demand on bar charts, as well as understanding the implications of supply and demand patterns, takes considerable practice. 2. The law of cause and effect helps the trader and investor set price objectives by gauging the potential extent of a trend emerging from a trading range. Wyckoff's “cause” can be measured by the horizontal point count in a Point and Figure chart, while the “effect” is the distance price moves corresponding to the point count. This law's operation can be seen as the force of accumulation or distribution within a trading range, as well as how this force works itself out in a subsequent trend or movement up or down. Point and Figure chart counts are used to measure a cause and project the extent of its effect. (See “Point and Figure Count Guide” below for an illustration of this law.) 3. The law of effort versus result provides an early warning of a possible change in trend in the near future. Divergences between volume and price often signal a change in the direction of a price trend. For example, when there are several high-volume (large effort) but narrow-range price bars after a substantial rally, with the price failing to make a new high (little or no result), this suggests that big interests are unloading shares in anticipation of a change in trend. This is just a start, it is up to you to develop the rest of your knowledge. I will be posting some more later. As always, have a GREEN week. Savvy
CRYPTOCAP:XRPEducation
by Savvythe1
45
💡#i33 : Hate it, Love it, Never Count It Out.. XRP 🏃🏾🥊🩸 XRP Multi-Time Frame ⌚⏰🕰️ Total Market Cap in USD. I'd Like To Let The Charts Do The Walking Rather I Do Much Talking For This One. Perhaps The Featured Chartist @yonsfx Would Care To Speak On XRP Fundamentals 🧾 In Comments Below 🔻 Detailed Variants of Idea Chart Below 🖼️🎨 🌠 Featured Chart Artist ✨ XRP Enthusiast Maximus @yonsfx 🕶️✖️😎 www.tradingview.com CRYPTOCAP:XRP BINANCE:XRPUSD KRAKEN:XRPUSD BITFINEX:XRPUSD BITSTAMP:XRPUSD
CRYPTOCAP:XRPLong
by d-MR96nBa
18
XRP Long Term Targets : 8$->3$->24$Reasonable target for XRP, based on a double cycle theory. - First cycle top, end of Wave 3, based on 4 years repetitive cycle following BTC halvening cycles : November 2021, XRP at around 8-9$, 400 billions $ market cap. - Wave 4 : correction 65%, XRP back to 3$. - Second cycle top: Wave 5, lengthening cycle, end of 2022, XRP at around 24$, 1,2 Trillions $ market cap. 3rd position behind Etherum at the end of the bull run. Rem.: (Eth estimated @ 16.000$, 1,9 Trillions $ Mcap end of 2022) (BTC estimated @ 150.000$, 2,8 Trillions Mcap end of 2022)
CRYPTOCAP:XRPLong
by Crypt0p0tat0
1
Xrpusd PredictionMarket in the last 24hrs XRPUSD moved in an upward momentum along with the upper Bollinger band . Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is expected to move in an upward momentum till the price moves above the upper Bollinger band after which a consolidated momentum is expected. Price volatility was moderate at approximately 4.76%, with the day's range between $1.23 — $1.32. Price at the time of publishing: $1.3 XRP’s market cap: $60.68 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
CRYPTOCAP:XRP
by timothymcneil
4