Potential Wyckoff "spring"

26 de abr. de 2019

ETHXBT tests the broken Downtrend channel here.
At the same time this marks "the spring", using a simplistic Wyckoff model.

IMO Wyckoff works better, when you don't overcomplicate it. Of course much that is called "Wyckoff" today, isn't.

Fun fact: You won't find him using the term "spring" in the way it's used by self-proclaimed Wyckoffians in his orginal work. It's just a shakeout. But he does talk about stocks that are "on the springboard", and ETHXBT looks like it here.