Ku NewsBTC - 2 sababaraha taun ka pengker - Reading Time: 2 menit
How 90-Year Old Market Wizardry Predicted The Bitcoin Nyebar
Bitcoin price has erupted to more than $55,000, clearing any downtrend resistance and potentially signaling that the bull run is back on. The move might have taken bears by surprise, however, the blueprint for what happened was created around 90 years ago.
Ieu palajaran sajarah ngeunaan Richard Wyckoff, téori Wyckoff, sareng kumaha ahli sihir pasar anu lahir dina 1800-an tiasa ngaduga aksi harga aset digital anu henteu debut dugi ka 2000-an.
Sagalana Anjeun Kudu Apal Ngeunaan Rickard Wyckoff Jeung Téori-NaRichard Wyckoff was known, according to Wikipedia, as an American stock market investor. He also founded and acted as the editor of the Magazine of Wall Street in the early 1900s.
Wyckoff himself was fascinated specifically in the underlying mechanics that caused trends to form or change. He spent much of his later career studying markets, and other investors of the time. Names of those he studied include Jesse Livermore, and JP Morgan.
Related Reading | Ethereum Potentially Trades Inside Livermore Accumulation Cylinder Pattern
Wyckoff believed in the idea of a “composite operator” or a singular mind that controls the ebb and flow of the market. Wyckoff then spent his final days in the 1930s examining the behaviors of this “composite operator” and came up with certain schematics that would tell traders if the market is in one of four distinct phases: accumulation, mark up, distribution, and mark down.
Phases of re-accumulation and re-distribution are also common as mid-points before the cycle repeats. But how does this all apply to Bitcoin?
In an article I shared last week on @newsbtc I suggested price action in #Bitcoin looked like distribution *before* the big drop. The video below is the *after*. pic.twitter.com/WwVs7YQxzb
— Tony "The Bull" Spilotro (@tonyspilotroBTC) April 23, 2021
Bitcoin Price Breakout Could Be Predicted With 90-Year Old SchematicBitcoin price action was in clear distribution when the leading cryptocurrency by market cap reached $65,000 in April 2021, as the tweet above demonstrates.
Related Reading | Bulls Regain Control Over Bitcoin Trend Strength: What To Expect
Saatos crypto nyandak terjun badag dina Méi, éta lajeng nepi ka "operator komposit" mutuskeun lamun asset bakal ulang disebarkeun, atawa ulang akumulasi. Bagan di handap ngajelaskeun anu mana tina dua anu kajantenan.
Wyckoff re-accummulation should lead to extensive mark up and new all-time highs | Source: BTCUSD on TradingView.comWhat should come next, is a mark up phase. And when that is over distribution will happen again and put a final end to the current bull cycle once and for all.
Dina titik éta, ningali tanda-tanda panyebaran ulang atanapi akumulasi di handap bakal janten téknik anu dirancang langkung ti 90 taun ka pengker. Tapi éta ngan upami anjeun percanten kana kakuatan téori Wykcoff. Naha anjeun?
Tuturkeun @TonySpilotroBTC dina Twitter atanapi via Telegram TonyTradesBTC. Eusi mangrupikeun pendidikan sareng henteu kedah dianggap naséhat investasi.
Gambar anu dipidangkeun tina iStockPhoto, Bagan ti TradingView.comsumber aslina: NewsBTC