What are the key indicators to look for in the Wyckoff price cycle of a digital currency?

1 answers

• KillerDiekApr 02, 2023 · 2 years ago
  In the Wyckoff price cycle of a digital currency, there are several key indicators to look for. One important indicator is the volume. During the accumulation phase, the volume tends to be low as smart money accumulates the asset. In the markup phase, the volume increases as the price rises rapidly. During the distribution phase, the volume starts to decrease as smart money starts to distribute their holdings. Finally, in the markdown phase, the volume remains low as the price drops significantly. Other indicators to consider include price patterns, such as consolidation during accumulation and distribution phases, and rapid price movements during the markup phase. By analyzing these indicators, traders can gain insights into the Wyckoff price cycle and make more informed trading decisions.
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