Bitcoin price has erupted to more than $55,000, clearing any downtrend resistance and potentially signaling that the bull run is back on.
Wyckoff himself was fascinated specifically in the underlying mechanics that caused trends to form or change.
Wyckoff believed in the idea of a “composite operator” or a singular mind that controls the ebb and flow of the market.
After crypto took a huge plunge in May, it was then up to the “composite operator” to decide if the asset would be re-distributed, or re-accumulated.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.
NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.