A swing trader always ensures exponential buying/selling weight near atl and ath reverse to what the market seems to be doing. Most often these type of accumulations take time as they are in nature inverse to what the other 99% are doing hence often creating stretched out c-shaped cup patterns with handles.
Here is an excerpt from "The secret trading strategy from the 1930s that hedge funders don't want you to know about"
>“Those who understand it buy only when prices are low with the idea of selling when they are high; and they operate only in
the stocks or commodities which they can move best so they may secure the highest possible rate of turnover of inventories.”
Source: Wyckoff (1937)
It takes a while for a pro to accumulate a position in advance of a big move – buying too many shares at once would cause the
price to rise too quickly"
Volume is low --> lack of buying pressure/falling selling pressure driving market down which is a good thing for hedgers and cup formation traders
Always have an exit strategy in mind. Crypto is a volatile asset so don't invest what you're not comfortable loosing.
Here is an excerpt from "The secret trading strategy from the 1930s that hedge funders don't want you to know about"
>“Those who understand it buy only when prices are low with the idea of selling when they are high; and they operate only in
the stocks or commodities which they can move best so they may secure the highest possible rate of turnover of inventories.”
Source: Wyckoff (1937)
It takes a while for a pro to accumulate a position in advance of a big move – buying too many shares at once would cause the
price to rise too quickly"
Volume is low --> lack of buying pressure/falling selling pressure driving market down which is a good thing for hedgers and cup formation traders
Always have an exit strategy in mind. Crypto is a volatile asset so don't invest what you're not comfortable loosing.