A Four-Step Approach to the Market (Graphic of Mass Psychology)
Updated
You do not really understand something unless you can explain it to your grandmother (Albert Einstein)
1- Composite Man (Accumulation - Distribution (Selling price - Buying level))
The Composite Man attracts the public to buy (or sell) a coin in which he has already accumulated. Composite man may display huge volume (or ...) to drive the market up to a selling price or scare it down to a buying level
Selling price (Elon Musk 69k !):
2-Secondary Reaction
The news is probably still Bullish (Bearish)
3-Technical Traders
When Technical Traders enter the bull (Bear) market
Bear Market:
4- Public interest
When the public thinks its right, its wrong.
Point and Figure (The only way to see the forest clearly)
Target= 20400+15700 = $ 36100
1- Composite Man (Accumulation - Distribution (Selling price - Buying level))
The Composite Man attracts the public to buy (or sell) a coin in which he has already accumulated. Composite man may display huge volume (or ...) to drive the market up to a selling price or scare it down to a buying level
Selling price (Elon Musk 69k !):
2-Secondary Reaction
The news is probably still Bullish (Bearish)
3-Technical Traders
When Technical Traders enter the bull (Bear) market
Bear Market:
4- Public interest
When the public thinks its right, its wrong.
Point and Figure (The only way to see the forest clearly)
Target= 20400+15700 = $ 36100
Note
Note
Trade active
Target 1 $ 28k (it did)
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