Jay_shree
Education

Trader/Investors must understand this process.......!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Kindly comment with "Yes" for agree and "No" for disagree with this post:

Before the break-out, I've informed that "Breakout will give truck of Money...!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea)

Let's talk step by step was happened here.
The Width of congestion area was equal to height of the price surged.

From my personal experience and the survey/observation I'm talking about this is almost the same area as price congestion in size of width and height after the price break. Let's try to explain in another words:

  • Horizontal width of congestion size = Vertical price move after break-out. (Generally, i noted that price moved away so far after breakout whenever congestion area is much longer.)

--> Let's talk little more deeper about CONGESTION area:
In the congestion area, accumulation or distribution process process. We will talk about accumulation only because, this was happened here.

Accumulation: smart money, money makers, huge fund-management, landlord of global investors whatever you called them they grab/connecting instrument(stocks, currency,etc) from retail investors in very slow motion because, they can smell insider upcoming news. After the completing this accumulation, news clear and price start to go away from the breakout area.

later i will try to explain you more deeper about it practically. Yes, obviously we can smell the process accumulation/distribution .

Comments

So how do you get the precise measurements because for some time now I have been practicing this type of setup

What tool did u use to measure the lenth and convert to hight ?
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wonderfull work I like it
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Thank u
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Good job mate!
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Yes.. Good point..
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Jay_shree CryptoNur
@CryptoNur, thanks
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how u get over 1000 followers i want to know
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@dex4466, Quality of work.
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