@Mohannad_Fekry, Wyckoff Accumulation is a pattern that pretty much looks exactly like the above chart. and usually is a pretty good indicator for a markup in price in days/weeks to come. So bull run got us here, then we had a distributive top, market moved down, and then it started accumulating (finding the bottom). Everyone seems to think its going up, so We shall see. the market does what it wants.
@Mohannad_Fekry, This triangle is typically what happens right before the breakout on Wyckoff Accumulation. These past few weeks have been extremely annoying to trade so be careful. Keep an eye on stock market on monday, and BTC today and tomorrow.
SAMIULLAH12345
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@jjbuttersnaps so this mean it will go up right? or not it will go down please let me know?
jjbuttersnaps
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@SAMIULLAH12345, Obviously no one knows. But if you look closely at through the past month, there are TONS of traps. This is why Its not smart to trade when price is ranging like this. Triangles themselves are almost always 50/50 chance of going up or down. I really dont think we will are done with the bull run, just based on everything ive studied. Will it go up right now? i cant say. will it continue up in the long run? i personally think yes. The better question is how much longer will it go sideways?
SAMIULLAH12345
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so how long will it take to go up becx alpha was down for a 1 month and it. showed the good signal too by crossing red line towards up so she'll I sell it or kot
SAMIULLAH12345
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@jjbuttersnaps so how long will it take do u know yo go up