PAYBTC - Trading range identified!
Hi traders, As you can see the trading ranges have been identified and all we need is a breakout from the current trading range. For those who do not know do about the trading ranges here you go:
Analyses of Trading Ranges
One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. In both accumulation and distribution TRs, the Composite Man is actively buying and selling, the distinction being that in accumulation, the shares purchased outnumber those sold, while in distribution the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR.
Let me know if you have any specific coin that you would like me to analysis, as I'm a bit out of ideas! Thanks for the support - much appreciated! - Abdulla
Analyses of Trading Ranges
One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR. In both accumulation and distribution TRs, the Composite Man is actively buying and selling, the distinction being that in accumulation, the shares purchased outnumber those sold, while in distribution the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR.
Let me know if you have any specific coin that you would like me to analysis, as I'm a bit out of ideas! Thanks for the support - much appreciated! - Abdulla
