...of a Wyckoff Accumulation Schematic. This update for BTCUSD includes discussion of the Weekly, 3-Week & Monthly TF's. Feel free to look at the other "Related Links" to publications (below).
The reason the "Investment Strategy" for this publication is labeled "Neutral" is because our current Accumulation Schematic will have several phases of up and down price action before going into a long term bull trend in Phase E. The "Spring" in Phase C is where everyone should consider INVESTING a considerable amount of their capital. A smaller portion of their capital should be used for the purpose of "Accumulation" during Phase A and B.
Here's a chart of BTCUSD - Bitstamp from the beginning in 2011 to Present Day using Wyckoff Method: You will notice we have completed two (2) Accumulation Schematics thus far and have begun a third (3rd) Accumulation Schematic in my opinion. You will also notice we had periods of "Distribution" in between the periods of "Accumulation."
Below, is the first Accumulation Schematic of Bitcoin's History that began in 2012; with description of each Phase of the schematic included:
Below, is the second Accumulation Schematic of Bitcoin's History that began in 2015; with description of each Phase of the schematic included:
love your wyckoff analysis. i'm a strong believer in it. if we get a 2015 repeat ill be looking to long litecoin at 35 with a break of the weekly 20 sma and sell at 85 (perhaps another pre-halving pump is in store)...then look to buy ETH's spring a month later at 75 (if it pokes below the current bear low) later (probably will buy eth at that stage) and then sell the sign of strength at 255 in september/october and rebuy the throwback at 190 and hold for 2-3 years.
dream300zx
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Cardano is seeing a nice early confirmation of a potential move up for the crypto space
Agreed... and it's further support to me in regards to BTCUSD having another push up. The main reason I'm focusing on BTCUSD at the moment is because other USD, USDT pairs are following BTCUSD.
dream300zx
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@ProwdClown, I agree.. And I only look at USD USDT pairs myself. So I think we are seeing the same thing :)
ultranemesys
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It looks like it... the ONLY 2 buying signals (in the weekly) in a DECADE as you can see are the selling climax in Jan 2015 and the last selling climax in Dec. 2018.
WyckoffMode
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@ultracoin,
Do you see the Selling Climax in first part of 2012?
ultranemesys
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@ProwdClown, of course but not even there was a buying signal (bottom indicator -the green bars-), that is even more amazing! The only 2 green bars are actualy the Jan. 2015 and the Dec. 2018, besides all that we are in the bottom of the main channel (log) and rebounded off of the weekly 200 SMA, I mean all the signs are pretty good, almost too good... this could be it!