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Wyckoff

Bitcoin - Stage 1

Bitcoin is at a pivotal point once more as it moves back into Stage 1 on a weekly basis, (which is what we use to determine the major Stages), following a failed attempts to breakdown into Stage 4, which reversed into a Spring / Last Point of Support (LPS)...
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$PTON – Potential for a Stage 2 Breakout Attempt

$PTON continues to look interesting in Stage 1, following a failed Stage 4 breakdown attempt in early May, which turned into a heavy volume Selling Climax and reversed into a Wyckoff Spring. Since then its rallied back to the top of the trading range with a minor sign of strength and has been tightening up around the top of the range above the 50 day MA...
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