XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer
Crypto analyst Charting Guy (@ChartingGuy), posting to X on April 20, has mapped the daily XRP/US Dollar chart on Bitstamp onto a textbook Wyckoff re‑accumulation schematic and argues that the pattern is now far enough advanced to imply a summer markup toward— and potentially beyond— the $3.70 region. “Wyckoff Pattern Ignites XRP Bull Case The chart spans the five‑month base that began with preliminary supply (PSY) in late November. A vertical surge carried price into a $2.68 Buying Climax (BC) in early December, immediately followed by an Automatic Reaction (AR) that washed back to....
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Analysts warns that the Wyckoff Spring phase may still be in the future as mounting pressures could lead to another low in Bitcoin. The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be followed by a climb higher. BTC/USDT price vs. Wyckoff Accumulation model. Source: TwitterWhile the bulls make the case for the continuation of the bull market trend seen earlier in 2021, others are warning....
A trader forecasts that conditions are converging to a new Wyckoff level, bringing new strength among altcoins, which suffered disproportionately as Bitcoin momentarily fell below $30,000. Wyckoff Level Is Critical For Bulls On July 6, Bitcoin (BTC) was heading towards a critical Wyckoff level, as BTC price movement piqued traders’ interest in an altcoin rally. […]
Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at the time of writing. This decline has wiped out $80 billion from ETH’s market cap. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts Despite this sharp pullback, crypto analysts are....
Contrarian Bitcoin analysts pinpoint three reasons why they are still bullish on BTC price for the short and long-term. Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the Bitcoin chart as an omen for another potential drop in the price but analysts with a more contrarian point of view look at this chart pattern as a signal that it is time to buy the dip. The ultimate thread on #BTC deathcross and cycle data analysis 1)....
Bitcoin price has erupted to more than $55,000, clearing any downtrend resistance and potentially signaling that the bull run is back on. The move might have taken bears by surprise, however, the blueprint for what happened was created around 90 years ago. Here is a history lesson on Richard Wyckoff, Wyckoff theory, and how the market wizard born in the 1800s was able to predict the price action of a digital asset that didn’t debut until the 2000s. Everything You Need To Know About Rickard Wyckoff And His Theory Richard Wyckoff was known, according to Wikipedia, as an American stock....