Cosmos / BitcoinLong
Wyckoff Accumulation Schematic #2 - Template - ATOM/BTC
Updated
Amazing example of a Trading Range following Wyckoff Schematic #2.
In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases rapidly.
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
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See my last Bitcoin Wyckoff Accumulation chart (Schematic #1):
In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases rapidly.
-------------------------------------------------------------------------------------------------------------------
For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
-------------------------------------------------------------------------------------------------------------------
See my last Bitcoin Wyckoff Accumulation chart (Schematic #1):
Note
This is my update for atom (secondary perspective)Its following Wyckoff plan to perfection currently, this is another bullish perspective im looking at Head & Shoulders Failure
Note
Example:
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