Bitcoin Market Recap #3: 10/27/2017

I trade Bitcoin, Ether, and other cryptocurrencies professionally and run and manage a community of Bitcoin traders on Discord. Additionally, I broadcast a semi-regular Bitcoin trading stream on where I break-down the Bitcoin market and explain my analysis of the state of Bitcoin. I am also a regular contributor to Bitcoin Magazine where I write Bitcoin market analysis.

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Wyckoff Distribution Phases

This is a clip taken from Bitcoin Market Recap #2 streamed on 10/20/2017.

Richard Wyckoff was a market analyst in the early 1900s who studied the macro phases of accumulation and distribution.  Specifically, Wyckoff studied institutional investor trends and how they were able to move the market — the so-called “market makers”.  This video covers a very introductory level to Wyckoff Distribution patterns and displays applications I have noticed within the Bitcoin markets.


Technical Tip Tuesday #2: MACD Divergence

MACD stands for Moving Average Convergence Divergence.  The MACD is a special type of indicator known as an “oscillator” and is used to measure the bullish or bearish momentum during trending markets.  The MACD consists of a histogram (the red and green bars) and a moving average & signal line.  When used in combination, the histogram and moving average/signal line can reveal a lot of information regarding the strength of weakness of a move in a given direction.  The goal of this video is to provide an introductory level of understanding that will allow the viewer to spot divergence (weakening strength in a given direction) over both macro and micro trends.