![]() The break of this level would act as a CONFIRMATION of a potential spring setup A spring would offer a very low risk opportunity on the intraday. TRADING PLAN: the $9300 is the level where we saw some supply coming in. We always want to find the best LOW RISK opportunities. What we do now? We identify the significant price levels on the chart and plan our trading strategy. Bitcoin is still lagging behind the Small Caps, but In our analysis, we have cautiosly decided to stay flat in the weekend. But at the of Thursday’s session, the crypto markets have recovered. When Crypto underperform the S&P, we want to be cautios: it could be a sign that institutions are in risk-off mode. On that day, the Crypto Market has underperformed the S&P. Spring setupĭuring Thrursday’s class, we have quickly analyzed Bitcoin and the major crypto indexes. Ahuge rally reaches the previous significant supply zone, and the price starts to consolidate on the top of the capitulation bar. ![]() Look at this simple analog on both charts: at point buyers silently step in on the big capitulation bar. Both Bitcoin currently shows signs of absorption and the overall bias is still bullish. ![]() Our market outlook follows the principles of Supply and Demand and Market Participants Analysis as they are taught and practiced in the WTC/WTPC/WMD classes.īitcoin is still consolidating in the 8-10K range. The WYCKOFF CRYPTO REPORT provides regular updates on the most popular digital assets based on the Wyckoff Methodology.
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