What is Wyckoff Theory and Is Bitcoin Being Manipulated

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What is the Wyckoff Method?

  • Three fundamental laws;
  • The Composite Man concept;
  • A methodology for analyzing charts (Wyckoff’s Schematics);
  • A five-step approach to the market.

The three laws of Wyckoff

The Law of Supply and Demand

  • Demand > Supply = Price rises
  • Demand < Supply = Price drops
  • Demand = Supply = No significant price change (low volatility)

The Law of Cause and Effect

The Law of Effort vs. Result

The Composite Man

Accumulation

Uptrend

Distribution

Downtrend

Wyckoff’s Schematics

Accumulation Schematic

Phase A

Phase B

Phase C

Phase D

Phase E

Distribution Schematic

Phase A

Phase B

Phase C

Phase D

Phase E

Does the Wyckoff Method work?

Wyckoff’s five-step approach

In Conclusion

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