Altseason? Yes. Cryptos are in the beginning of a new bull cycle
Long term view. ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete.
It’s time to zoom out and focus on the big picture. All the major caps have finally confirmed their accumulation structures.
Let’s review the price history of the last two years in the crypto ecosystem.
The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1).
Demand is consistent on the aggressive rally at point (2), suggesting strength.
The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing.
It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and
discussed the bullish scenario at the Best of Wyckoff Conference in early September.
However, Wyckoffians do not chase the trend and wait for confirmations.
The confirmation of the reaccumulation structures comes finally in January at point (3).
The laborious reaction has produced a higher low on low volume, a very bullish sign.
Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4).
The double bottom formation on Ethereum and Litecoin is complete.
Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year
reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run
reminiscent of 2016-2017. We will post accurate PnF counts for all big , mid and small caps in the next reports.
Full analysis available for free Weekly Crypto Report here https://www.wyckoffanalytics.com/forums/topic/crypto-and-wyckoff-analysis/#post-5523
Weekly Crypto Report:
This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis.
Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV
Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
It’s time to zoom out and focus on the big picture. All the major caps have finally confirmed their accumulation structures.
Let’s review the price history of the last two years in the crypto ecosystem.
The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1).
Demand is consistent on the aggressive rally at point (2), suggesting strength.
The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing.
It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and
discussed the bullish scenario at the Best of Wyckoff Conference in early September.
However, Wyckoffians do not chase the trend and wait for confirmations.
The confirmation of the reaccumulation structures comes finally in January at point (3).
The laborious reaction has produced a higher low on low volume, a very bullish sign.
Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4).
The double bottom formation on Ethereum and Litecoin is complete.
Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year
reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run
reminiscent of 2016-2017. We will post accurate PnF counts for all big , mid and small caps in the next reports.
Full analysis available for free Weekly Crypto Report here https://www.wyckoffanalytics.com/forums/topic/crypto-and-wyckoff-analysis/#post-5523
Weekly Crypto Report:
This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis.
Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV
Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
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