Wyckoff_Analytics

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...

Wyckoff_Analytics

HHs and HLs on the relative strength ratio XMR:BTC reinforces the idea that we are currently in phase D of a multi-year accumulation on XMRUSD. Short term, price can spring the support of the local trading range (dotted line) at $70, but the overall price action is very constructive. We have discussed this chart in our free Wyckoff Crypto Discussion , check...

Wyckoff_Analytics

Bitcoin is highly correlated to the stock market. The market has shown demand and potential to retest the high, but bearish news could negatively impact the S&P in the next week, so we want to be prepared for both bullish and bearish scenarios (see post BITCOIN. SCENARIO #2) Analysis: Demand is still present at the upsloping support on Bitcoin, BUT THIS IS A...

Wyckoff_Analytics

Accumulation scenario for Bitcoin. 1. Stopping action 2. Lower high. Buyers are not very active after the selloff in early September, bearish sentiment 3. Volume decreases, Higher lows. Supply is very exhausted 4. Price reaches the top of the upsloping range structure and fails. However, low volume on the resistance indicates that slling is not aggressive....

Wyckoff_Analytics

Downsloping consolidation. Reaccumulation scenario Spring Setup. Confirmation: close above $6.30 Pattern failure: Stop loss at $5.37 Wyckoff Crypto Discussion Join us each Thursday for a free discussion of the cryptocurrency market from a Wyckoff perspective. These sessions are hosted by Alessio Rutigliano and Roman Bogomazov. www.youtube.com

Wyckoff_Analytics

WYCKOFF STORY 1. Supply comes in but it is quickly absorbed. A trading range starts. 2. Shakeout and successful test. Phase C is completed. 3. Supply is still present on the top half of the range, but it’s quickly absorbed. The uptrend starts. At point 4 supply comes in on the overbought line of the uptrend channel, a danger point. However, price holds...

Wyckoff_Analytics

Example of cryptocurrency in cyclical reaccumulation. Trading the Crypto Market with the Wyckoff Method 3 Session Course totaly devoted to cryptocurrencies and Wyckoff Method. 6 hours of materials and exercises. www.wyckoffanalytics.com

Wyckoff_Analytics

In the stock market, the rotation of capital mirrors the business cycle, as managers favor specific sectors according to the economic conditions. For this reason, when we analyze the stock market we compare the main indexes (S&P, Nasdaq, Dow, Russell). Capitals rotates in the crypto ecosystem too. It’s possible to analyze the crypto market using the same...

Wyckoff_Analytics

We have analyzed Tron $TRXUSD on May 22nd in our Wyckoff Crypto Report vol.23 Today several mid caps are clearing important resistance levels and show signs of outperformance. Crypto funds buying the "laggards"? Wyckoff accumulation structure on the intraday.

Wyckoff_Analytics

Long term view . ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete. It’s time to zoom out and focus on the big picture . All the major caps have finally confirmed their accumulation structures. Let’s review the price history of the last two years in the crypto ecosystem. The first signs of institutional value buying...