BTC - WEIS WAVES - TRUTHFUL INDICATOR
Hi Guys!
Today we want to share with you knowledge with regard awesome indicator which is Weis Wave.
We all can see that we have up and down trends. Everything moves in waves' manner. There are plenty of buying and selling waves. But how to identify trend change and buy low and sell high? It's not that easy but with Weis Wave indicator it will become clearer.
Wave charts were first created by Richard D. Wyckoff. In his famous course on stock market technique, he instructed students to “think in waves.” Wave analysis was an integral part of his trading method. The Weis Wave is an adaptation of Wyckoff’s method that handles today’s volatile markets. It works in all time periods and can be applied to the futures, forex, stock, commodity markets and of course cryptocurrencies. You will be amazed at how well the Weis Wave identifies turning points.
So we prepared description of this indicator basing on up-to-date BTCUSD 1H chart.
It might be useful in terms of determining BTC price in the very near future.
So let's get down to business.
Let's assume we start from point A.
We can see we start from the price of around 8860 USD.
We finish at point B. We have there green candels (demand) increasing and at the same time red candels decreasing which says we have no supply. This is perfect situation of the price increase. We have smaller amounf of commodity and at the same time our demand grows.
Moving further number 3 followed by point B, we have small green candle stick. It is much smaller than preceding green waves. It means our demand is spent. Moving further our red sticks (point 4) are getting bigger which means supply is getting bigger. As a result price drops.
At point number 5 we have again red candle stick which is smaller than than preceding red waves which means supply is lower and we can expect price to increase. It is confirmed by the wave made from green candels (point number 6). Price goes up.
At point number 7 we have again red candles' wave and again price drop-down. More interesting is that when we can expect trend reversal and when we should establish long trade.
We can see this at point number 8. Small red candle sticks are followed by green waves and those red sticks are significantly smaller than preceding red waves. Green waves become bigger and price increases.
That's it! Isn't it awesome?
That's the first educational post regarding Weis Waves but there will be more. We are very excited about that!
We are sorry for the language which is some parts is repetetive and a bit chaldish but we wanted to be pricise and clear it as simple as possible.
If you like it don't forget to like it, comment and follow us!
Thank you for being here.
HUGS!
Your WBM Team.
Today we want to share with you knowledge with regard awesome indicator which is Weis Wave.
We all can see that we have up and down trends. Everything moves in waves' manner. There are plenty of buying and selling waves. But how to identify trend change and buy low and sell high? It's not that easy but with Weis Wave indicator it will become clearer.
Wave charts were first created by Richard D. Wyckoff. In his famous course on stock market technique, he instructed students to “think in waves.” Wave analysis was an integral part of his trading method. The Weis Wave is an adaptation of Wyckoff’s method that handles today’s volatile markets. It works in all time periods and can be applied to the futures, forex, stock, commodity markets and of course cryptocurrencies. You will be amazed at how well the Weis Wave identifies turning points.
So we prepared description of this indicator basing on up-to-date BTCUSD 1H chart.
It might be useful in terms of determining BTC price in the very near future.
So let's get down to business.
Let's assume we start from point A.
We can see we start from the price of around 8860 USD.
We finish at point B. We have there green candels (demand) increasing and at the same time red candels decreasing which says we have no supply. This is perfect situation of the price increase. We have smaller amounf of commodity and at the same time our demand grows.
Moving further number 3 followed by point B, we have small green candle stick. It is much smaller than preceding green waves. It means our demand is spent. Moving further our red sticks (point 4) are getting bigger which means supply is getting bigger. As a result price drops.
At point number 5 we have again red candle stick which is smaller than than preceding red waves which means supply is lower and we can expect price to increase. It is confirmed by the wave made from green candels (point number 6). Price goes up.
At point number 7 we have again red candles' wave and again price drop-down. More interesting is that when we can expect trend reversal and when we should establish long trade.
We can see this at point number 8. Small red candle sticks are followed by green waves and those red sticks are significantly smaller than preceding red waves. Green waves become bigger and price increases.
That's it! Isn't it awesome?
That's the first educational post regarding Weis Waves but there will be more. We are very excited about that!
We are sorry for the language which is some parts is repetetive and a bit chaldish but we wanted to be pricise and clear it as simple as possible.
If you like it don't forget to like it, comment and follow us!
Thank you for being here.
HUGS!
Your WBM Team.
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