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Issue 22 – Wyckoff Schematics Explained

June 22, 2021


Everywhere I look on Twitter, I see comments about Bitcoin going to $20,000.

As I’ve mentioned in previous issues, Bitcoin has never retested its previous cycle high ($20,000) after closing a month above it.

That doesn’t mean it can’t happen, but it would be a first.

However, there’s another reason some think BTC may not drop to $20,000. It may even suggest Tuesday’s low is the bottom.

We’ll discuss what that other reason is in today’s issue and how to confirm or negate its validity in the coming days.

Let’s get it!

Richard Wyckoff’s Schematics

Richard Wyckoff was an early 20th-century technical analyst and widely considered one of the greatest who has ever lived.

I can easily put Wyckoff in the same company as Dow, Gann, and Elliott, to name a few.

He’s most famous for his work on accumulation and distribution schematics, which we’ll study today.

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Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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