Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Cosmos ($ATOM) to make a forecast for approximate future events.
Link to the raw image: https://www.tradingview.com/x/r8asKWOI
Cosmos $ATOM is currently in Phase D of a Wyckoff Accumulation Schematic #1. Note the volume spike near where I placed the SC and Spring. In Wyckoff Analysis these typically must align even if the overall form isn’t perfect. The only slight anomaly is that the ST dips sharply below the SC breaking the ICE (not labeled). There are Advanced Schematics that you can find online that accommodate many of these anomalous formations.
Phase D is where demand greatly overcomes supply leading the rallies on higher (or noticeably increasing) volume. When an L
We współpracy z: https://www.newsbtc.com/cosmos-atom/cosmos-atom-wyckoff-analysis-may-2022-dec-2023/
