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PremiumCRYPTO MARKET OUTLOOK: SHORT TERM BEARISH SHORT SELLING CANDIDATE: LITECOIN (WEAKER THAN THE MARKET) CURRENT ENVIRONMENT: DOWNTREND SETUP CONFIRMATION: CLOSE BELOW LOCAL SUPPORT IN RED INSTRUMENT: FTX FUTURES Follow Alessio Rutigliano's blog on WyckoffAnalytics www.wyckoffanalytics.com Last article: Swinging Cryptocurrencies A case study of a swing trade...
Outlook: The downtrend is still in play. Tepee formation: Urgent Distribution in Phase A, Inactivity, Excitement but poor result to the upside (Upthrust of the downsloping resistance) Bearish confirmation: FAILURE OF THE TEST
NASDAQ COMPOSITE Reasons for a speculative rally into 2020: -Partial resolution on tariffs -Brexit Resolution -China's market rallying -More liquidity from Fed -Better Earnings
S&P Reaccumulation Counts