Richard Wyckoff

On Dec. 2, independent market analyst Stockmoney Lizards said Bitcoin (BTC) had entered the process of bottoming out inside its current $15,500-$18,000 price range, citing Wyckoff Accumulation. Wyckoff Accumulation is a classic technical analysis setup, named after Richard Wyckoff, a technical analysis pioneer in the first half of the twentieth century, who broke down the market cycle into four distinct phases.  But is Wyckoff a reliable pattern, particularly for trading cryptocurrency? Let’s find o. What is Wyckoff accumulation? Wyckoff accumulation is one of the four phases listed in the Wyckoff market cycle theory, with the other three being markup, distribution and markdown. In layman’s terms, each phase determines when large entities drive the direction of the ma...