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Stop relying in Wyckoffs method

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by COINS NEWS 217 Views

Guys these new TA on Wyckoff is completely stupid. Yes Distribution occured, and it looked alike in 64K but now that everyone is watching this method, which is based on manipualtion to scare you, will probably lead to an alternative reaction occuring.

Currently everyone thinks we are in a accumulation pattern, and 29K was spring. However this is incorrect, firstly the chart of wyckoff is a reference and anyone can make any chart match at a certain time frame. The spring said, is associated with a huge sign of strength with large large Volume. This is clearly not noticeable on the Daily, hourly or weekly chart. We see volume going down, suggesting the recent pump is ingenuine. If anything this could be a redistribution and we could see lower lows, but anything could happen really.

TLDR: TA sucks in a bear market and btc does whatever the fuck it wants, in this sideways path buy support sell resistance, or buy the support and add to hodl portfio.

Dont use leverage, trade reponsibly and dont get too excited too quickly. Be reponsibily optimisitc because the run will probably continue near the end of the year with a relief rally, but for now we can buy.

Edit: clarification on last paragraph

submitted by /u/Mannit578
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