@rektcapital it is so difficult to differentiate when it is being constructed Wyckoff distribution vs accumulation than even at https://t.co/o28q99C9ZP the failure rate of their students in more than 90 study cases is nearly 50%, just you can get the clue to differentiate until it resolves..
Crypto currencies, even those with limited number, all of them have also inflation, how can it be? Because there is no limit in the number of crypto tokens, and as many of them compete as store one value and digital money, they have their own inflation
@donalt 30-43k was energy consumptio fud
20k-30k is stock market inflation (interest rate FUD)
5k-20k is Tether caos…..
by 2022…. stock market buble burst...
the winter is coming...
@thecryptomonk Just PA and volume action. Lower low the 25th may + lower high with low volume . Try to close as close as possible to that LH. (Easy to say now though ;)
As trading volume in crypto is so distributed, so polarized between spot and leveraged exchanges and with high number of OTC TXs, can we really rely on classical volume based TA analysis (VSA, wyckoff) guess only TA is really lot less reliable in crypto due to volume constrains
@donalt The answer will depend on how much time de trade last. Initially B would make double the profit than A, but there is always a trade time length after which due to leverage fees the winner will no longer be trader B.
@DaanCrypto I guess we can’t get volume before fear diminishes to average levels then we can start to see opportunity at current prices and then bull momentum
@DaanCrypto I really like your approach but I am concerned about 2 points. 1) there is no buyer volume at all, 2) The timeframe is too short for it to be a base to move the price to 60k sustainably. I guess we need much more time here