What are the key indicators to look for when identifying Wyckoff accumulation in the crypto market?

1 answers

• May 04, 2022 · 3 years ago
  Identifying Wyckoff accumulation in the crypto market requires a careful analysis of various indicators. One key indicator to consider is the volume profile. During accumulation, you may notice a decrease in volume followed by a sudden increase when the price starts to rise. This can indicate the presence of institutional investors or smart money entering the market. Another indicator is the price action itself. Look for a series of higher lows and higher highs, as this can suggest an accumulation phase. Additionally, keep an eye on the overall market trend and sentiment, as a bullish market can provide a favorable environment for accumulation. Remember, Wyckoff accumulation is not a guaranteed strategy, and it's important to conduct thorough research and analysis before making any investment decisions.
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