Hello Guys, that's an ultimate Analysis based on Wyckoff method.
Is a new crypto bull run coming?
For those who don't know about Wyckoff: He applied a unique charting technique to estimate the potential effects of a cause. So, he created methods of defining trading targets based on the periods of accumulation and distribution. This allowed him to estimate the probable extension of a market trend after breaking out of a consolidation zone or trading range.
I'm gonna explain briefly these different stages:
PHASE A
(PS) The Preliminary Support indicates that some buyers are showing up, but still not enough to stop the downward move.
In this post, I not recommend buying or selling for anyone, this is just a analysis depend on Wyckoff method.
The Selling Climax (SC) is formed by an intense selling activity as investors capitulate. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
PHASE B is the consolidation stage, in which the Composite Man accumulates the highest number of assets.
PHASE C - Where we are now!
The Spring, often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings.
The last two phases:
PHASE D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E).
PHACE E
The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
Tap a LIKE if you think is a useful idea and comment below!
In this post, I not recommend buying or selling, that's my consideration based on Wyckoff method. So do your own research and follow your trading plan with a properly Money Management.
Thank you for reading.
Is a new crypto bull run coming?
For those who don't know about Wyckoff: He applied a unique charting technique to estimate the potential effects of a cause. So, he created methods of defining trading targets based on the periods of accumulation and distribution. This allowed him to estimate the probable extension of a market trend after breaking out of a consolidation zone or trading range.
I'm gonna explain briefly these different stages:
PHASE A
(PS) The Preliminary Support indicates that some buyers are showing up, but still not enough to stop the downward move.
In this post, I not recommend buying or selling for anyone, this is just a analysis depend on Wyckoff method.
The Selling Climax (SC) is formed by an intense selling activity as investors capitulate. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
PHASE B is the consolidation stage, in which the Composite Man accumulates the highest number of assets.
PHASE C - Where we are now!
The Spring, often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings.
The last two phases:
PHASE D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E).
PHACE E
The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
Tap a LIKE if you think is a useful idea and comment below!
In this post, I not recommend buying or selling, that's my consideration based on Wyckoff method. So do your own research and follow your trading plan with a properly Money Management.
Thank you for reading.
