This is wyckoff accumulation method , its used for big time market manipulators who want to BUY or SELL LARGE AMOUNT OF STOCKS.
If you asked your self "In the beginning of the phase B , Why would the market manipulator SELL?"
Here is the answer: So he could arrange the price to range in a low price (35k) over a long time (in this case its almost 10 days) so they could buy most of what they need in that range. (MOST OF IT! they are not done yet)
This method relies on making amateur traders and people new to the market lose their money as their LOGICAL trades get stopped out and making people panic.
What do you think??
If you asked your self "In the beginning of the phase B , Why would the market manipulator SELL?"
Here is the answer: So he could arrange the price to range in a low price (35k) over a long time (in this case its almost 10 days) so they could buy most of what they need in that range. (MOST OF IT! they are not done yet)
This method relies on making amateur traders and people new to the market lose their money as their LOGICAL trades get stopped out and making people panic.
What do you think??