ALGO and Dow Theory Trading Strategy (CRYPTO VERSION)
Updated
- The accumulation phase is the starting point of a new trend where the smart money is buying into a stock.
- Then we start pushing up which attracts the eye of the general public aka the retail traders.
- At this stage, everyone starts to pile in before we reach a climax point.
- Uninformed investors continue to buy while at the same time smart money sells their stocks which forms the distribution phase.
Ok.look at the Algorand chart. Are we in the second part of the story?
Trade closed manually
The blue box was to be extended from that area to the 18th of August. If you look at the price history, the size of the consolidation phase was relatively larger than I expected. It was my fault.
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