Bitcoin / Tether USDShort
The 5 phases of Distribution by market professionals
Updated
The 5 phases of each are explained and shown why it is so important to understand and be able to read the market structure and where to start buying the dip have a plan rather then DCA till you pocket is empty.
No one can analysis precise market bottom.
Phase A:
Sign of weakness but demand is dominant, increase volume wider spreads. (no reward to effort)
Phase B:
Secondary testing of highs, Movement in trading range, support area more prominent.
Phase C:
Upthrust more signs of weakness.
Phase D:
LH and LL, More evidence of probable direction of the market, Main support broken, Last point of supply good place to short.
Phase E:
Folding of the downtrend, any rely will be weak and AFTER THAT YOU KNOW THE DRILL.
What I see this would playout till first week or near second week of December then we'll see how it goes.
Range to Range as always.
No one can analysis precise market bottom.
Phase A:
Sign of weakness but demand is dominant, increase volume wider spreads. (no reward to effort)
Phase B:
Secondary testing of highs, Movement in trading range, support area more prominent.
Phase C:
Upthrust more signs of weakness.
Phase D:
LH and LL, More evidence of probable direction of the market, Main support broken, Last point of supply good place to short.
Phase E:
Folding of the downtrend, any rely will be weak and AFTER THAT YOU KNOW THE DRILL.
What I see this would playout till first week or near second week of December then we'll see how it goes.
Range to Range as always.
Trade active
How beautifully this played out, 2 weeks more to see how accumulations will go on!Trade active
In my opinion:US10Y, DXY, Inflation numbers and Interest rate!
We are in multi months bear market.
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