Glassnode Discusses 4 Phases Of Bitcoin Accumulation & Distribution During Pa...
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report. Bitcoin Accumulation Trend Score Shows Market Has Been Selling Recently As per this week’s edition of the weekly Glassnode report, the market has observed four distinct phases in the last twelve months. The relevant indicator […]
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Glassnode’s new Bitcoin indicator, the “accumulation trend score,” shows the market has leaned towards distribution recently. Bitcoin Accumulation Trend Score Has Shown Values Of 0.2 To 0.5 Recently As per the latest weekly report from Glassnode, the latest addition to the on-chain market intelligence company’s indicators suggests the trend has been that of distribution in […]
Bitcoin's recent push from under $30,000 to over $34,500 asserts hopes of a big price recovery ahead. A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model's bullish outlook on the cryptocurrency.Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating financial market trends based on the relationship between assets' supply and demand. The method has two schematics: Accumulation and Distribution. In an Accumulation setup, an asset signals bottoming out....
Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently. Bitcoin Holders Show Strong Accumulation For First Time In Months As per the latest weekly report from Glassnode, the BTC accumulation trend score has shown a value of more than 0.9 in the past couple of weeks. The “accumulation […]
On-chain data shows the largest of the Bitcoin whales have returned to distribution, a sign that could be bearish for the asset’s price. Bitcoin Investors With More Than 10,000 BTC Are Selling Again As explained by analyst James V. Straten in a new post on X, the BTC whales, who had earlier been in a phase of accumulation, have switched their behavior to that of distribution now. The relevant indicator here is the “Trend Accumulation Score” from Glassnode, which keeps track of whether Bitcoin investors have been buying or selling during the past month. This metric finds....
In this episode of NewsBTC’s daily technical analysis videos, we compare Bitcoin price action with Wyckoff accumulation schematics, price cycles and more. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 8, 2022 This video provides a detailed look at Bitcoin market cycles using Wyckoff theory and other cyclical tools. Is The Composite Man Behind Bitcoin Mark Down? Wyckoff theory is based on the idea that retail traders are regularly outsmarted by large operators he referred to as the Composite Man. It is also known for its phases of accumulation and....