The most successful asset of the last 15 years is once again annihilating the doubters. In the last hour, a total of $687.22 ...

Not all Wyckoff accumulation setups lead to massive price rallies as far as the crypto market is concerned.

The Wyckoff market cycle reflects Wyckoff’s theory of what drives a stock’s price movement. The four phases of the market cycle are accumulation, markup, distribution, and markdown.

The Wyckoff accumulation pattern in Gold Futures (GC) as shown in the 4-hour chart suggests a short-term up trend to at least test the previous high near 2080.

In order to complete a Wyckoff accumulation pattern, Bitcoin is to commit above the resistance level and to break above 47000.

Bitcoin is developing a clear Wyckoff accumulation pattern. Click here to discover what this means for the price of the most popular cryptocurrency.

Comparing the Bitcoin recent price action and the events presented in the Wyckoff accumulation schematic, it appears the cryptocurrency is grappling with its last point of support of Phase C.

The Wyckoff market cycle reflects Wyckoff’s theory of what drives a stock’s price movement. The four phases of the market cycle are accumulation, markup, distribution, and markdown.