Cryptocurrencies & Wyckoff

Cryptocurrencies & Wyckoff

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Lessons

Lesson 1: What is Cryptocurrency?

A Cryptocurrency is an online version of money; a digital asset to be precise.  The name is derived from Cryptography, which is the art of writing and solving codes.  Cryptography is used to encrypt transactions and control the production of Cryptocurrency.  It is a strictly monitored process, as it uses the Blockchain Technology. To put [...]

Lesson 2: Bitcoin & Satoshi Nakamoto

Bitcoin was the first Cryptocurrency ever created.  In November 1, 2008, a man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called Bitcoin.  None of the list’s veterans had heard of him, and what little information could be gleaned about him [...]

Lesson 3: Foreword

This course is a method of judging the Cryptocurrency market by its own previous actions.  It is intended for the individual investor/speculator.  This course has been planned and prepared for those who desire to safeguard their invest­ment capital against, and to make money from, the fluctuations in the prices of Cryptocurrencies.  This course was originally [...]

Lesson 4: The Basic Law Of Supply And Demand

The Basic Law of Supply and Demand governs all price changes. The best indicator of the future course of the Cryptocurrency market is the relation of supply to demand. Stated simply, a Cryptocurrency’s value begins to decline when the number of coins offered exceeds the number of bids for purchase. This type of market is [...]

Lesson 5: Judging The Market By Its Own Action

No one can deny that in markets throughout the world, the big fish eat the little ones.  Large operators could not operate successfully without the large number of people making up the public.  The public is used so large operators can more easily do the trading they choose to do. Tape reading and chart reading [...]

Lesson 6: Charts

Many of the principal moves in the Cryptocurrency market are made by large operators (i.e., well-informed insiders) whose work we must detect and follow. When important interests are accumulating a Cryptocurrency, a study of the transactions will frequently disclose the fact.  Not in every case, but in the majority.  The more important the operations, the [...]

Lesson 7: Buying and Selling Waves

Every upward or downward swing in the Cryptocurrency market, whether it amounts to many points, only a few points, or fractions of a point, consists of numerous buying and selling waves.  These waves run just long enough to attract a following.  When this following is exhausted for the time being, that wave comes to an [...]

Lesson 8: Chart Studies – Conducting a Campaign

After we have determined the position and probable trend of the general Cryptocurrency market and have examined the action of the various Cryptocurrencies to see which are most likely to follow or lead the market as a whole, we must single out those individual Cryptocurrencies that are in the best position for our purpose.  Our [...]

Lesson 9: Market Technique and Volume Studies

Before moving on to further studies, we will summarize what we have learned in the previous sections. Supply and Demand. Always keep this in mind: prices move up and down in accordance with the Law of Supply and Demand.  This is true of the Cryptocurrency market as a whole, and of every individual Cryptocurrency on [...]

Lesson 10: Significance Of Trend Lines

To draw an analogy from the science of physics, we might say that when a cryptocurrency is being accumulated, it is storing up a force (of demand) which, when later released, provides the motive power for the ensuing upward movement.  And, when the force of this accumulative demand is finally released, it gives the price [...]

Lesson 11: Chart Studies – Vertical Charts

As we have seen from preceding studies, the four principal phases of a market campaign are: (I) Accumulation, (II) Marking Up, (III) Distribution, and (IV) Marking Down. When a Cryptocurrency is in phases (I) or (II) it is said to be in a bullish position and when in phases (III) or (IV) it is in [...]

Lesson 12: Chart Studies – Figure Charts

Complexity: Standard

The main subject of this lesson is figure charts, figure chart counts and the count guide.  The lesson will have several objectives.  They are to outline the use of figure charts and the count guide, and to discuss the coordination of vertical charts with figure charts. In working with the charts for this lesson we [...]

Lesson 13: Buying And Selling Tests

Coordinating Your Studies In reading over the preceding Sections, it may seem to you that the analysis of the market's action and the behavior of individual cryptocurrencies is quite complex, requiring a large expenditure of time and effort.  This is a perfectly natural reaction and one that is common to all students taking up a [...]

Lesson 14: Refinements

In this section we discuss briefly certain market phenomena which you are likely to encounter at various times. The first of these is the shake-out.  There are two types of this phenomenon: (1) What might be termed an ordinary shake-out and (2) the terminal shake-out. A Terminal Shake-out is a rapid or precipitous downward movement, [...]

Lesson 15: Stop Orders

The first rule in successful trading and investing is: Cut losses short. E. H. Harriman, who was once a broker on the floor of the Stock Exchange, said: "If you would be a successful trader, kill your losses."  As a floor trader he used to close out a trade if it went l/2 to 1 [...]

Lesson 16: Accumulation

To begin; let us define accumulation: Accumulation refers to the process of establishing an investment or speculative position, by professional interests, in anticipation of an advance in price.  This may be done in order to secure a large block of the cryptocurrency before the market rises.  The motive is a long term profit, rather than [...]

Lesson 17: Jump Across The Creek

The purpose of this lesson will be to discuss with you the analogy of the jump across the creek story, where it fits into accumulation, how you can analyze it and use it to take a speculative position for potential profit with a minimum of risk.  The jump across the creek story is an analogy [...]

Lesson 18: Distribution and the Upthrust After Distribution

The main subject of this lecture will be distribution, it will also cover the principle of the upthrust after distribution.  The purpose of this lecture will be to discuss with you the process of distribution, where it fits into the cyclical process, how to analyze areas of distribution, and how you can take a position [...]

Lesson 19: General Instructions

CAUTIONARY SUGGESTIONS Your undertaking to learn this Method is evidence that you intend to reverse the rule of the public which is to monkey with the cryptocurrency market buzz-saw before it knows what makes the wheels go round.  As in any other business or profession, art or science, it is essential that you lay a [...]

Lesson 20: Market Philosophy

Cautionary Suggestions Continued The two elements vital to success in the markets are: (1) Knowledge of the principles taught in this Course and (2) Ability to apply these principles correctly.  A famous operator, Dixon G. Watts, expressed the idea many years ago by saying that the qualities essential to the equipment of a speculator (and [...]

Lesson 21: Conclusion

In this course, Mr. Wyckoff and the Institution he founded have taken you into their confidence by giving you the best of all the ideas, plans, methods and technique that you need for common sense trading and investing.  Work out from these your own procedure, depending upon the amount of time and capital you wish [...]

Final Exam

This Final Exam is a review of the subject matter you covered in the lessons/quizzes.  A grade of 80% is needed to pass the Cryptocurrency and Wyckoff Course.

Glossary

These terms are defined in relationship to the manner in which they are used in the text and at Wyckoff SMI. Absorption: The reduction of the floating supply caused by persistent longer term buying within a trading range. Accumulation: The establishment of an investment or speculative position by professional interests in anticipation of an advance [...]