Change of Behavior on LOW CAP CRYPTO INDEX
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 and a test as a higher high on low volume indicate that buyers are accepting higher prices.
[5] Price accelerate to the upside, climactic move. Change of Behavior.
TACTICS: The uptrend has ended, we are now consolidating. At point [5] the highest supply signature since the beginning of the uptrend suggests that we will likely revisit the support.
Trading the Crypto Market with the Wyckoff Method course starts in July
https://www.wyckoffanalytics.com/event/trading-the-crypto-market-with-the-wyckoff-method/
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 and a test as a higher high on low volume indicate that buyers are accepting higher prices.
[5] Price accelerate to the upside, climactic move. Change of Behavior.
TACTICS: The uptrend has ended, we are now consolidating. At point [5] the highest supply signature since the beginning of the uptrend suggests that we will likely revisit the support.
Trading the Crypto Market with the Wyckoff Method course starts in July
https://www.wyckoffanalytics.com/event/trading-the-crypto-market-with-the-wyckoff-method/
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Stocks, Commodities, Indexes,
Cryptocurrencies
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