Hi Everyone, With the ATH in May and our top before the flash crash we had a couple weeks ago I've drawn a descending trend line that is acting as major resistance before reaching or breaking ATHs. With the our bottom in July I've drawn 2 trend lines that act as channels for ETH currently. These channels converge with the upper resistance in the beginning of...
Hi everyone, We are in Phase C of the Wyckoff Accumulation Pattern, and are witnessing buyers finally stepping in and accumulating Nano as close as they can to the support created by the shakeout at the start of Phase C at $4.24. Buyers are greedy so I suspect they will keep us in this range for as long as they can, so they can accumulate as much Nano as...
Hi Everyone, I have applied the Wyckoff Accumulation Pattern to ETC. I previously posted a Wyckoff analysis on the Total Crypto Market, and it clearly shows we are in Phase C of the pattern. For ETC, I argue we are also in Phase C; however, sellers have been more aggressive in ETC, than the overall crypto market. I suspect we have gone through most of the...
Hi Everyone, I have applied the Wyckoff accumulation pattern to the sideways price movement of the Total Crypto Market that has occurred since the first major dip in late May. I believe we have entered Phase C of the accumulation pattern and have gone through most of the sell pressure we will experience; the volume has picked up and more buyers are stepping...