EXCAVO
Education

Phase of trend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Three phases of the trend.

The main trend has three phases. Usually, three phases can be distinguished within the development of the main trend. The first phase, or the accumulation phase, emerges when the most far-sighted and informed investors begin to buy, since all the unfavorable economic information has already been taken into consideration by the market.

The second phase occurs when those who use technical methods for following trends join the game. Prices are already rapidly increasing, and economic information is becoming more and more optimistic. The tendency enters its third or final phase, when the general public comes into action, and the rush begins in the market, fueled by the media.

The newspapers write about the "the finest hour of the bulls," economic forecasts are filled with optimism, the number of speculation increases. And those informed investors who “have been accumulating” during the exit of the bear market, when no one wanted to buy, begin to “distribute”, that is, to sell, when everyone, on the contrary, is trying to buy.


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It's also known as the scam cycle
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I'll just let you walk only the flower road!!

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Wanna see some real NOOB- charts??


Look down.
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Cheers!
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you know, all that I have to say, it is fantastic and it is nice to see you again ... have good & profit trading.
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this is how i see it

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Hi EXCAVO , I make this post about how the market and Bitcoin action, thank you for your chart bro, very appreciate !

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