Bitcoin Wyckoff Logic: The Four Market Phases (possible 2600$)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is analysis for 2018 year according to Wyckoff Logic.

Price looking for Flat range between 8k and 11k.

Cross 16000$ will be invalidate this analysis
Trade active: Be aware of Failed rally
Trade active
Trade active: LOL
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Looks good,doesn't work on BTC Daily.
Your view wasn't too far off. How low do you think we'll finally bottom out? I'm been saying 3.5k but a deeper selloff to 2.5k or even 1k seems feasible.
Hi, what about RVR? it was VOX before rebranding.
Here is a "new" publication I created for BTCUSD - BitStamp. I'm a HUGE fan of Richard Wyckoff. However, his schematics, rules and laws are not the only thing I use in my Analysis. I also use the following:

1.) Indicators (Phoenix 1.393, Phoenix ARI and Stochastic RSI) in the 4-Day, 5-Day and 7-Day TF's. A similar indicator to Phoenix 1.393 that's available to the public is "Godmode 3.1 Mod with LSMA - LTCUSD.
2.) Fundamental Analysis (FA) by listening to news on advancements or possible weaknesses created and/or confirmed with the bitcoin blockchain.
3.) Political & Geopolitical analysis of what's going on in the world that could have affects on crypto currencies.
4.) Financial analysis of the Dow Jones Industrials, S&P 500, Bonds and the US dollar on FOREX.

An EXCELLENT source of what's going on Politically, Geopolitically and Financially that could have diverse affects on crypto currencies are the following links:
1.) X22 Report - All videos: https://www.youtube.com/user/X22Report/videos
2.) X22 Report Spotlight - All videos: https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ/videos
3.) ITM Trading - All videos: https://www.youtube.com/user/itmtrading/videos

+1 Reply
You are one of the best, sir. But you chose to activate the trade now, that means you're going to short now?
Considering the production cost is around 4800$, and assuming 2018 is not the end of Bitcoin, this analysis is fundamentally false
+4 Reply
ultracoin emreero
@emreero, FALSE and HILARIOUS... some of these "PRO" traders get trapped in TA and completely disregard FUNDAMENTALS. I guess for them electricity and hardware is free, right? They don't even see it...
+2 Reply
@emreero, please, correct me if I am wrong, ok? But the thing is that I believe that the production cost of one bitcoin is adjusted algorithmically in order to maintain the equilibrium of it and the coin's price. This is performed in such a way that the mining activity will always be economically attractive and that there will always be a sufficient number of miners maintaining the blockchain operational. If the prices go higher, a greater number of people will be interested in jumping in the mining industry. If there's a greater number of miners and more computer power competing for the discovery of new bitcoins, more electricity is spent. If the contrary occurs, i.e., if the price goes lower, the market trends to have less interest. Thus, less computer power and less electricity is actually spent, resulting in a smaller production price. Does that make sense? I don't think that bitcoin would vanish if the price goes lower. In fact, if the price goes lower, the network would adapt itself to the new pricing conditions in a such a way that it would look like what it was when the price was on that level in the past.
emreero hcalazans
@hcalazans, if the price goes below the cost of production, some miners will stop mining and it will affect the overall health of the decentralized network. By architecture, the production cost will go higher (more difficult to mine a Bitcoin in time), I haven't read anything about a possible adjustment.
+1 Reply
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