Taking a look at the Bitcoin on a daily timeframe we can see an approximate same scenario that happened on March 2021 . The Wyckoff method was developed by Richard Wyckoff, an American writer, and stock market investor. Throughout his career, he became well-known for tracking the investment flow of institutional funds and offered guidance to investors and traders to help them avoid institutional influences. His analysis and techniques led to his creation of the Wyckoff Market Cycle.
When it comes to using the Wyckoff approach in any sort of trading, firstly, it’s important to remember that no two cycles will be the same. There are too many external factors that affect markets for a cookie-cutter Wyckoff maneuver to happen each time.
DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
When it comes to using the Wyckoff approach in any sort of trading, firstly, it’s important to remember that no two cycles will be the same. There are too many external factors that affect markets for a cookie-cutter Wyckoff maneuver to happen each time.
DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.