The Wyckoff Wave Still Near Overbought, So We Look For More Downside.
The Wyckoff Wave finished the week slightly lower, on an increase in volume. We have been looking for lower, and still in that camp. The…
Tag: Bitcoin
Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days…
Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week’s inflows, accounting for almost all of the $117 million coming in. Digital asset investment products saw a total of $117 million…
The Wyckoff Wave Overbought, Short Term We Look For Sideways/Lower.
The Wyckoff Wave finished the week higher, on average volume. We were looking for lower last week and we continued slightly higher. We still think…
Bitcoin’s Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the…
The Wyckoff Wave Neutral, So Let’s Look For Further Pullback.
The Wyckoff Wave finished the week lower as called for on average volume. We was looking for a short term pullback which we got. With…
The Wyckoff Wave Overbought, Let’s Look For Pullback.
The Wyckoff Wave finished the week higher once again as called for on average volume. We was looking for a little higher this week, and…
The Wyckoff Wave Going To Overbought.
The Wyckoff Wave finished the week solidly higher, on more normal volume. BA, GE, and T lead the advance for the Wave. We was looking…
First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K
ALSO: CoinDesk’s Sam Reynolds explains why crypto exchange token prices continue to respond to news events and not what the SEC and other regulators might…