Hello All Steemnars,
"Assalamu Alaikum", I hope everyone is good, I am also good by the infinite grace of Allah. Welcome to steemit Crypto Academy. Thanks to Professor @fendit for such an awesome homework post. Because I have learned a lot from this post of Professor. So let's discuss today's homework post in detail.

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The Wyckoff method is a technical analysis tool that is designed and used for great traders and investors in the financial markets. This strategy was designed to make decisions based on reasoning and based on emotion, so its main goal as an analysis strategy is to target traders and providing investors with a strategy that can guide them to work on the existing jockeys in the stock market and the most appropriate way to maximize their options for success. Although the methods when investing are not 100% accurate or incorrect, this is why the percentage of logic in the cryptocurrency market always increases.

Q1: Share your understanding on "Composite Man" and the fundamental laws. What's your point of view on them?

One thought that helped me understand this method is that it is not just a specific method but a way of understanding philosophy and trading. Which has been built on this basis. These tendencies are generated by wind cycles driven by an invisible hand or an entity which we casually call composite man.

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What I mean by composite man is just a great strategy used by big rich people to control the market and make a positive profit from the market. This strategy is an invention that was created to give the market a fictional character so Composite Man represents great investors and traders. But they are different from minority investors who usually lose money because they do not know how to use this strategy.

However, in my view, I think it is a selfish strategy, but another truth is that we all have the opportunity to use this strategy. And we will try to make it effective whenever we get the chance to use it because we think we can be a top investor in the future. For us, those who manage ordinary accounts for free will have to pay attention to the market reaction and identify the stage at which this composite man is and in order to take advantage of the waves at the right time, we use the Wickoff method to define the best entry and scheduled moments. On the other side, although the composite man seems invisible to the inexperienced eye, we have three laws of the market that prove his existence and reveal the results of prices and their effects.

These three fundamental laws are: demand and supply, cause and effect, effort vs result.

1. Demand and supply: The price of our resources depends on the supply, but the supply and demand depends on the volume. Or we can keep the supply and demand with me if we wish. This phenomenon is observed in the bullish and bearish stages, the common thing here is the suddenness of price changes and the corresponding increase in volume.
   If not and if, on the contrary a low volume is observed then we will be present in a surrounding market. And what I'm trying to say here is that it's a link to our second law

2. Cause and effect: Although it is a law of business, it is also a law of physics and nature. And every engineer takes it very seriously. Taking it seriously means that it has its source in the specific cause of the movement of something (in the case of our price) and it uses the necessary energy to overcome inertia. Another key reason is related to the composite man because it changes the upward movement of the largest investors

3. Effort vs Result: The main protagonist of the aforementioned law is Volume. What this law tells us is that if we say I see an increase, we will be in the presence of a change in trend or a break in the structure ceiling or floor. And it allows us to predict potential departure and entry sites. With this law we can correct many false signals from our opportunities just by looking at the amount of business and also help us to avoid the mistake of licking candles. It is a common mistake in a business to be distracted by a reverse signal of an erroneous tendency but it can be corrected by paying attention to the volume. Even these few candles break during support and resistance.

Q2: Share a chart of any cryptocurrency of your choice (BTC or ETH won't be taken into account for this work) and analyze it by applying this method. Show clearly the different phases, how the volume changes and give detail of what you're seeing.

This screenshot is taken from my own computer, my binance account.

Accumulation: We can notice in the first part of the freeze how the volume was maintained for a while and its movement did not have much significance in the pattern, so we were talking here about the episode of authentic storage. This will be a coin collection section.

Bullish Trend / Re-Accumulation: In this second step we can see that the upward trend has similarly increased, where a point of re-accumulation of coins can be identified. Looking at this we can say that it has been a great change and the trend has gone up, but it is clearly noticeable in the graph through the period of re-deposit after leaving.

Distribution: We should worship the rich the most. In this group we can clearly see that the upward trend has reached its peak and distribution will start among the currencies, when we talk about selling our assets slowly and in this graph you can see that it did not last long.

Bearish Trend: This is a trend but it pulls the end of the cycle, just as everything goes up and everything has to go down so at this point the property starts to decline and then falls. However in this group though we can see that the re-point was frozen, before reaching the end of its fall.

Conclusion: The Wyckoff method is actually a method that complements the strategies we use every day in our business and helps us to accurately identify our gateway shots and offers to maximize our business profits. I can also say that there are advantages and disadvantages to this method, here I mean more than the benefits of rich people, Those who have achieved a great benefit by applying this strategy with a clear vision but we all know that it is just a theory. The market does not move exactly like the th8s but it provides investors and traders with a variety of strategies that help them a lot when analyzing the market. I think retail investors who are driven solely by market trends and sometimes come late can lose money if they don’t know how to enter at the right time. But if it is a method, it lets you know a little more about market movements and see and understand what happened behind the graphs and trends. And that's how I presented today's homework from my point of view.

Thanks for reading my homework post,
Cc:
@fendit