Anyone notice Wyckoff 's market cycle playing out in BTC right now. Richard's work was amazing and is always used when I'm looking for medium term trades and to see where we are in the market. Check out his work (Richard Wyckoff Theory of Accumulation and Distribution).
Accumulation - Smart money (Market makers) buying BTC
Markup - Dumb money (retail/average Joe) buying up
Distribution - Smart money (Market Makers) selling to dumb money as they are FOMO'ing
Markdown - Smart money sell the last off their coins/shares and as price drops dumb money starts selling (FUD)
Explained in its simplest form, hope this helps.
Accumulation - Smart money (Market makers) buying BTC
Markup - Dumb money (retail/average Joe) buying up
Distribution - Smart money (Market Makers) selling to dumb money as they are FOMO'ing
Markdown - Smart money sell the last off their coins/shares and as price drops dumb money starts selling (FUD)
Explained in its simplest form, hope this helps.