It's all about accumulation and distribution. Does the correct price level look like accumulation? I do not think so.
Look for accumulation patterns off of old order black/demand zones. See where the high stopping volume areas are and evaluate/analyse from there. Patience is extremely important in crypto. if you are lookiing to hold long term and get in at a good price. You also need to know when you are in a trapped position and must weigh your options and possibly accept loses to come back to trade another day... But what you do with your capital is YOUR responsibility. Careful of who you listen to on social media. Their enthusiasm should not be what you make financial decisions with.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
Look for accumulation patterns off of old order black/demand zones. See where the high stopping volume areas are and evaluate/analyse from there. Patience is extremely important in crypto. if you are lookiing to hold long term and get in at a good price. You also need to know when you are in a trapped position and must weigh your options and possibly accept loses to come back to trade another day... But what you do with your capital is YOUR responsibility. Careful of who you listen to on social media. Their enthusiasm should not be what you make financial decisions with.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
Comment:
