I would like some thoughtful replies on those who are familiar with the Wykoff Method. Recently, there have been many citing the Wykoff Method for Bitcoin - that it's in accumulation mode.

I would like to forward my critique of this method, which is based on breakouts. According to the method, an uptrend with little volume is a signal for the continuation of said uptrend. This is because:

1. The lack of volume signals that whales are purposely limiting the supply and therefore forcing even small buys to have a significant influence in upwards momentum.
2. Lower supply means the thinning of sellers

Now for the counterargument. We've all heard statements like 'oh, this pump was without significant volume, therefore it is likely not to be sustainable'. The thinking behind this is

1. Big buys result in higher volume. This means more commitment in an uptrend (which is directly contradictory to the Wykoff method)
2. With Bitcoin's overall volume being very small compared to normal assets. Market manipulation often happens easily - so a breakout with low volume is easily 'painted' onto the charts. It could very well be a bull trap.

Now, it does seem that the 2nd line of thinking has been closer to what's happening compared to Wykoff's principles, or I am missing something?

Let's talk about the bubble that everyone talks about, and let's zoom in to the opinion that most coin marketcaps are overpriced by 20x due to projects not being delivering real value as of yet.

There is one problem with that though, there is no exact science to evaluate a project's value base on it's coin's marketcap, yet. Cryptocurrencies are not stocks. In stocks, we might use the P/E ratio to determine whether a price is overvalued.

Cryptocurrency is not a stock, and neither is it 'forex'. You might be able to trade the value of EUR to USD, USD to JPY, and just about every currency. You can't do that with crypto. In my opinion, it is a hybrid that no one has every seen before. It's value is indirectly tied to the performance of a company (kinda stock-like), and yet it's a mode of exchange as well (a currency). So is there even a good quantifiable way to say that a company should be worth this and that much of its coin's marketcap?

Hello, I'm not sure whether this is the right place to ask, but I could not find a Bitcoin tech support thread. Anyhow, I did an ANN in my local language a while ago. My language was a minority and therefore had no subforum of it's own. Therefore I posted this ANN in 'other languages/locations'.

However, it was randomly deleted and all I got is this: "A topic you are watching has been removed by (anonymous)."

How do I even get help on this?

Hi Mods,

I understand that images are not allowed for newbies, but could you make an exception for this thread (an ANN thread I made):
https://bitcointalk.org/index.php?topic=2387298.0