CRYPTO MARKET UPDATE - Bitcoin and Altcoins - Follow the money!

In the stock market, the rotation of capital mirrors the business cycle, as managers favor specific sectors according to the economic conditions. For this reason, when we analyze the stock market we compare the main indexes (S&P, Nasdaq, Dow, Russell). Capitals rotates in the crypto ecosystem too. It’s possible to analyze the crypto market using the same technqiues that have been successfully applied on the stock markets for decades. Here we see four charts: Bitcoin (the largest capitalization asset), Large Cap Index, Mid Cap Crypto Index, Micro Caps. Let’s follow the Wyckoff Story.

1. BITCOIN: INSTITUTIONS TAKE PROFIT. MONEY ROTATES INTO MID CAPS AND MICRO CAPS.

2.MICRO CAPS AND MID CAPS START TO OUTPERFORM. INCREASING VOLUME ON MICRO CAPS INDEX IS A SIGN OF INSTITUTIONAL INTEREST

3.MID CAPS SHOW SELLING NEAR THE OVERBOUGHT LINE. ON THE MICRO CAPS INDEX SUPPLY IS QUICKLY ABSORBED ON THE WAY UP: OUTPERFORMANCE.

4.CLIMACTIC MOVE ON THE MICRO CAPS INDEX. BITCOIN AND LARGE CAPS INDEXES (LAGGARDS) FALLS TO THE OVERSOLD LINE, BUT VOLUME IS RELATIVELY LOW.
WE ARE CURRENTLY CONSOLIDATING. BITCOIN NEEDS TO PRESERVE THE $8K LEVEL.

Complete Wyckoff Crypto Report vol. 25 available for free here:
https://www.wyckoffanalytics.com/wyckoff-crypto-report-vol-25/

WyckoffAnalytics course starts in July:
Trading the Crypto Market with the Wyckoff Method
https://www.wyckoffanalytics.com/event/trading-the-crypto-market-with-the-wyckoff-method/
You can join us live for the webinars or listen to recordings of all the sessions.