The Wyckoff Wave slow grind higher continues ….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded nicely higher for the week once again.  We managed to penetrate the resistance level of the trading range we have been showing in purple.  Volume increased for the week heading into Friday’s close. The O-P continues to trade basically sideways but did join the rally somewhat on Thursday/Friday. The Force Index was up for the week as well but still below the highs of the last few weeks. The Technometer is …

The Wyckoff Wave slow grind higher….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded higher for the week once again.  We slowly are approaching the top of the recent trading range shown by the purple lines.  Volume decreasing on the rally. The O-P continues to trade basically sideways without supporting the rally in the Wyckoff Wave. The Force Index was up for the week. The Technometer became oversold on Wednesday’s low, and now quickly back to a neutral reading.   The intraday chart for last …

Bitcoin trying to take a stand against the bears….

Todd Butterfield Blog 0 Comments

Many of you have heard about the Wyckoff Method of Technical Analysis.  In the early 1900’s, Mr. Richard D. Wyckoff was a pioneer in reading of the tape, and including volume analysis in his chart studies.  Many of Wyckoff’s basic tenets have become de facto standards of technical analysis that we use today.  The concept of accumulation/distribution and the supremacy of price and volume in determining price movements are examples.  With that in mind, lets …

The Wyckoff Wave stuck in the middle of the recent range….

Todd Butterfield Week In Review 0 Comments

We did a recorded video for our Youtube Subscribes on Thursday, if interested in viewing click here… https://youtu.be/Fv7u_sNyrgk The Wyckoff Wave traded slightly higher for the week.  We continue to trade in the middle of the recent range with no great volatility.  Volume still trading at recent average levels. The O-P continues to trade basically sideways with no real activity. The Force Index was unchanged for the week. The Technometer was overbought Thursday when we did …