Lots of panic in the altcoin market,this simple chart might help
Lots of panic in the altcoin market, because some clown is trying to crack down on crypto. But if you zoom out and look at price, nothing has changed, we are in the bottom region and accumulation zone.
It is normal to have sharp decline and fake outs in the accumulation zone, because "they" don't want retail to be there when the market goes up, read "wyckoff accumulation" for details.
Hope this simple chart could help.
It is normal to have sharp decline and fake outs in the accumulation zone, because "they" don't want retail to be there when the market goes up, read "wyckoff accumulation" for details.
Hope this simple chart could help.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.