Explained: The Wyckoff Method
One of the most helpful tools I’ve discovered for trading is The Wyckoff Method , created by Richard Demille Wyckoff, a pioneer in the studies of technical analysis, and one of the five “titans” of TA, along-side Gann (Gann Fans/Squares), Dow (Dow Theory), Merrill, and Elliot (Elliott Wave Theory). Below is a summation of what I’ve gathered and factored into my trading. The Wyckoff avoidance method means to trade only the best assets in the leading market sectors. Crypto is an emerging asset class, but there are already ways of determining which cryptocurrency has fundamental value. Focusing on the opportunities in those markets makes your decisions process much clearer: You want to buy/hold a fundamentally valuable asset when its price is not reflecting its value yet. You want to take profits and abandon an asset that is appreciating in the short term because of things like tiny market inefficiency or news hype. FINDING THE MARKET WEAKNESS You can use any of your fa...