Thank you for your wonderful effort... Thank you, Pluto... We loved trading in your simplified style. Good luck.
Ploto 1
--
I promised you before to explain the Wyckoff analytical school or Wyckoff Theory.
I will explain it in detail later, and I encourage everyone who strives and learns analysis to read about it well because it will literally take you to a much better level.
The key points of this theory that I will explain in detail later as shown in the image:
๐ช At the bottom of the image, we have the term Accumulation Area, which is an excellent area for buying, and here in the crypto market, there are currencies I talked about earlier that are still in the accumulation phase like $AVAX .
๐ช The next phase is called the Mark Up phase, where financial institutions and whales stop the quiet accumulation and start buying heavily, causing the market to rise due to the availability of significant liquidity. By the way, we have not yet witnessed this phase, and even in March 2024, I don't think it was a period of real upward movement.
๐ช The third phase begins with whales exiting, meaning selling, but in stages so that the other traders do not feel the significant drop that awaits them and think that it will rise again. This phase is called the Distribution Area.
๐ช The final phase is the Mark Down phase, where people discover that the market will not rise, and they start selling out of fear.
How do we identify these phases on the chart? This is what I will explain here soon, and I apologize for the length : )
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
119
0
Explore the latest crypto news
โก๏ธ Be a part of the latests discussions in crypto