Crypto Market Manipulation! Wyckoff & WHALES!!🐋

0:00 Intro
2:10 Technical Analysis Basics
7:12 The Wyckoff Method
10:20 Wyckoff Accumulation Price Pattern
13:03 Wyckoff Distribution Price Pattern
16:06 Wyckoff Detected In Bitcoin’s Price
18:00 What Happens Next?
20:17 Conclusion


⛓️ 🔗 Useful Links 🔗 ⛓️

► Honma Munehisa History:…
► Wyckoff Method Explained (Technical):…
► Wyckoff Method Explained (Simple):…
► Wyckoff Reaccumulation Explained:…
► Wyckoff Redistribution Explained:…


📊Technical Analysis Basics📊

The candlestick price charts we see today were invented by a Japanese rice merchant named Honma Munehisa almost 300 years ago.

Back in Homna’s day, these candlesticks were drawn out by hand, and over time he noticed the same price patterns would pop up over and over.
The price patterns he identified back then continue to be seen today, and this is because they fundamentally reflect patterns of human emotion, namely fear and greed.

👴The Wyckoff Method👴

When every trader is relying on the same patterns and indicator it makes it very profitable for someone to come in and disrupt the market by pushing the price above or below where people expect it to go.

This is what Richard Wyckoff noticed over 100 years ago while working on Wall Street alongside financial titans like JP Morgan and Charles Dow.
Like Honma Munehisa, Wyckoff saw that this institutional composite man would create the same four price patterns with his buying and selling behavior

📈Wykoff Accumulation Price Pattern📈

As the name suggests, the whole purpose of the accumulation phase is for institutions to buy as much of the asset within a price zone where the average investors and trader is paralyzed with fear.

📉Wyckoff Distribution Price Pattern📉

As the name again suggests, the distribution pattern is meant to make it possible for institutions to sell large amounts of crypto while keeping retail interest high through occasional price manipulation

🔎Wyckoff Patterns In Bitcoin’s Price🔎

As you might have guessed, the recent drop we saw with Bitcoin seems to be characteristic of Wyckoff’s distribution price pattern printed by institutions

Another crypto YouTuber called uncomplication noticed this distribution pattern almost a month before the crash. To quote uncomplication, the primary goal of the distribution pattern is to exhaust demand

🕵️‍♂‍What Happens Next According To Wyckoff?🕵️‍♂‍

Unfortunately, there is no way of knowing for sure how long this accumulation phase will last, but if the previous bull market is anything to go by, we should be back on track in the next couple of weeks

As I mentioned in this week’s crypto news update, you could potentially use Bitcoin dominance as a de facto measure of market greed

If Bitcoin dominance is low like it is now, that means people are still greedy enough to be holding lots of altcoins

This is a problem because it could send a signal to institutions that there’s more retail money left to be drained from the crypto market


How did whales get so big? Paleontologists say they’ve figured it out.

most baleen whales remained about 15 feet long. But 3 million years in the past, the scientists reported Tuesday in the Proceedings of the Royal Society B, baleen whales underwent a dramatic size shift. The smallest baleen whales vanished. The others grew to double or triple the size.

.. experts previously proposed baleen whales grew large as a way to avoid being eaten. Even the biggest ocean predators from several million years ago — sperm whales such as Livyatan melvillei, or the shark Carcharocles megalodon — would struggle to chomp on anything larger than about 30 feet (smaller than the average humpback whale alive today). But baleen whales didn’t outgrow such carnivores until millions of years after predatory sperm whales appeared in the fossil record.

.. about 3 million years ago, around the same time that baleen whales got huge. First, seasonal windy upwellings began to kick up nutrients along the coast; later, glacial runoff added to the richness of these pockets. The net results were souped-up marine ecosystems where whales could feast.