Product Catalog The Complete Guide
join-popup-image

Receive all the latest news from Wyckoff Analytics! Weekly notifications about upcoming events, as well as market updates, newly posted articles and videos, delivered straight to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Wyckoff Associates, LLC, 5432 Geary Blvd, #292, San Francisco, CA, 94121, https://wyckoffanalytics.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Wyckoff Analytics is committed to protecting your privacy. We do not sell, lease or otherwise provide your personal information to anyone, ever. You can unsubscribe at any time from this list.

Henry O. Pruden Certificate
of Proficiency in the Wyckoff Method
Please complete the information below
And let us know what classes you have taken:
5 MANDATORY COURSES
3 ELECTIVE COURSES
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
Scan For Success Part 2
Scan For Success Part 3
Scan 4: Look Less, See More
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
Scan For Success Part 2
Scan For Success Part 3
Scan 4: Look Less, See More
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
Scan For Success Part 2
Scan For Success Part 3
Scan 4: Look Less, See More
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
SUCCESS
Your information has been submitted
10/23
2020
Wyckoff Crypto Report vol 40
by Alessio Rutigliano

The WYCKOFF CRYPTO REPORT provides regular updates on the most popular digital assets based on the Wyckoff Methodology. Our market outlook follows the principles of Supply and Demand and Market Participants Analysis as they are taught and practiced in the WTC/WTPC/WMD classes.

Wyckoff Crypto Discussion Episode 8

 

Quick update after Thursday’s session

Bitcoin continues to lead the market. We still do not see signs of rotation. Big caps like Ethereum are performing better than small caps.

BACKGROUND: The S&P is showing signs of absorption but in the next two weeks the market will be subjected to the news cycle (stimulus and US presidential election). The outlook is still bullish, and there is no evidence of supply,  but traders should keep in mind that bearish news could potentially cause some temporary weakness (shakeout). Short term traders must monitor the price action on the intraday to catch a possible Change of Behavior in real-time. Advanced traders can tactically place bids under the support.

BITCOIN: The outperformance continues. We are close to the overbought line, but we do not see supply for now. If the local resistance turns into support, we will likely see an acceleration to the upside. If Bitcoin fails here, it will important to watch how big and small caps will perform during the reaction. Will capital rotates to other assets?

ETHEREUM: Price has committed above the local resistance, suggesting a retest of the high. Ethereum is weaker than Bitcoin but it is currently outperforming many altcoins.

CHAINLINK: Volatility has contracted, and we are retesting the resistance. We are still in Phase B of a larger consolidation. It will be important to see how much supply is still present at the resistance. ChainLink is currently underperforming Bitcoin.

THETA: Theta is in the spring position. A structural trade is available here. Close above $0.69 level with some volume increase, SL below the spring low.

 

Chart of the Week. Bitcoin-Chainlink Analog

In the Wyckoff Trading Course, Roman discusses the three stages of an uptrend. The price action of Chainlink in July is a perfect case study. Here we see a classic case study: initial momentum after extreme oversold condition [1], absorption [2], and speculation [3]. Bitcoin is currently in the second stage: higher highs and higher lows on low volume suggest that speculators have not joined the trend yet.  If the analog will work, we can expect an acceleration in the third stage of the uptrend. We have explored this case study in our Wyckoff Crypto Discussion, watch the full episode!

 Previous Post
Wyckoff Crypto Report vol 39...
Next Post 
Wyckoff Crypto Report vol 41...
Update your advertising tracking preferences