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 Twitch.tv 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.
Bitcoin Magazine Articles:
For access to the Discord server, visit the Patreon link below:
If you found this information useful and would like to donate Ether, here is my wallet address:
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.