Wyckoff_Analytics

Wyckoff_Analytics

BTC Update – Short-Term Scenario Bitcoin has broken above its recent high, and the uptrend remains intact. However, demand is starting to diminish. A short-term pullback would be healthy. The $103K level stands out as a strong support zone for the bulls. Technical Breakdown and Market Dynamics Looking at Bitcoin's current price action, there are some...

Wyckoff_Analytics

HYPEUSDT Emerges as Top Performer in Current Crypto Cycle HYPEUSDT has established itself as one of the leading assets in the current crypto cycle, demonstrating exceptional strength that has caught the attention of traders and analysts alike. The cryptocurrency has recently achieved a significant milestone by breaking through its long-term resistance level,...

Wyckoff_Analytics

Small Cap Cryptocurrencies Show Signs of Strength in Latest Market Movements The cryptocurrency market is constantly evolving, and today we’re seeing some interesting developments in the small cap sector. Technical indicators suggest these smaller cryptocurrencies may be entering Phase D of their market cycle, which typically represents the beginning of a new...

Wyckoff_Analytics

The S&P is now reaching the axis line, where heavy selling emerged months ago. It’s reasonable to expect a pause at this level, followed by a continuation of the strong uptrend. Volume Analysis Looking at the recent chart pattern, we can observe that the volume became quite climactic right on the break. It’s particularly noteworthy that the current bar is at the...

Wyckoff_Analytics

In the ever-evolving cryptocurrency landscape, we’re witnessing a significant shift in market dynamics. After months of Bitcoin dominance, capital is now rotating toward smaller cap cryptocurrencies, signaling renewed speculative interest across the digital asset space. The Flight to Quality Is Reversing For many months, Bitcoin has maintained leadership in...

Wyckoff_Analytics

Possible Accumulation structure in ETH. Need to see a strong break above to confirm LPS.

Wyckoff_Analytics

Bitcoin Shows Resilience Amid Market Weakness Bitcoin remains in a downtrend but has demonstrated notable strength during the recent market sell-off. Last week, we initiated a small position at $78K as a "probe" to test the waters. While this position remains active, Bitcoin needs to break through the current downtrend structure to confirm strength. What's...

Wyckoff_Analytics

Current Market Analysis Bitcoin is currently in a crucial position as it challenges the resistance of the downtrend channel. The current price action shows that Bitcoin is testing a significant technical level that has acted as resistance throughout the recent downtrend. What makes this particular test interesting is that the supply signature appears to be...

Wyckoff_Analytics

The crude oil market continues to demonstrate resilience, with recent price action revealing intriguing patterns that warrant close attention from investors and traders. At the current juncture, crude oil has successfully found critical support at the $66 level, a development that aligns precisely with earlier market expectations. Current Market Dynamics...

Wyckoff_Analytics

(Taken from a clip from last week's Wyckoff Crypto Discussion) Bitcoin Price Rally: Market Insights and Potential Resistance Levels Explore the latest Bitcoin market analysis, including potential rally targets, supply and demand dynamics, and key resistance levels for short-term traders. Current Market Outlook The Bitcoin market is experiencing a notable...

Wyckoff_Analytics

S&P 500 Update – Downside Target Hit The first P&F count has been reached, raising the question of whether this is a true reversal. Market patterns often show a low forming at quarter-end followed by a retest in the new quarter. Currently, the market is in recovery mode off the bottom. The key questions remain: Is this recovery sustainable, and where might it...

Wyckoff_Analytics

Gold Trading Update: The $3K Target Achieved Gold has reached the $3,000 target as expected. Technical analysis indicates there's still room for further upside, potentially towards the overbought line of the larger uptrend channel. Notably, we're not seeing any signs of supply entering the market yet. The $3,000 level was our focus, and gold has just hit that...

Wyckoff_Analytics

Bitcoin chart marked up by our crypto analyst (Alessio). For the first time ever, we're bringing our renowned Wyckoff Trading Course exclusively to the cryptocurrency markets - and you're invited to attend the first session completely free! Led by crypto trading expert Alessio Rutigliano, creator of: Wyckoff Crypto Scanner Wyckoff Crypto Discussion Trading the...

Wyckoff_Analytics

PENDLEUSDT appears to be in a potential accumulation phase. Recently, we observed a spring characterized by a sharp downward move followed by a quick recovery on high volume and a low volume test. Price has reached a key resistance level. For the bullish scenario to unfold, we need to see the price overcome this resistance with conviction. A breakout above this...

Wyckoff_Analytics

At the top we see here the DEFI index, daily chart, and below the weekly chart of Bitcoin (2018) A series of lackluster rallies , lower highs on decreasing volume suggest that demand is really poor. Institutions have quickly sold their assets off the top and run away from this market (RISK ON->RISK OFF MODE) Lower highs suggest a break of the support. That...

Wyckoff_Analytics

A trend is generally composed of three stages: 1. Momentum- 2. Absorption - 3. Speculation The price action of Chainlink in March-July is a perfect case study. 1) Initial momentum after extreme oversold condition 2) absorption on low volume and spreads and then a final acceleration. Bitcoin is currently in the second stage : higher highs and higher lows on...

Wyckoff_Analytics

Ethereum has just completed a textbook multi-year Wyckoff Accumulation . Crypto funds (or "whales") have aggressively bought Ethereum in the first half of the range (point 1). The upthrust in phase B (2) and the reaction on low volume (3) are both elements of strength. After the COVID selloff in March (4), price has quickly recovered on good volume off the...

Wyckoff_Analytics

After the Shakeout at point 1 , Bitcoin is showing signs of absorption. Higher lows at point 2, 3 and 4 on decreasing volume signature suggest that supply is exhausted. We are now testing the top of the big capitulation bar at point where supply has emerged in early September. Volume is still low (no evidence of supply) and the price action is constructive...