What are the key differences between traditional Wyckoff patterns and those observed in the cryptocurrency market?

1 answers

• Kjer ByrneDec 21, 2021 · 4 years ago
  At BYDFi, we have observed that cryptocurrency Wyckoff patterns often reflect the behavior of retail investors, who make up a significant portion of the cryptocurrency market. Retail investors tend to be more influenced by short-term price movements and market hype, which can result in patterns that deviate from traditional Wyckoff patterns. However, this also creates opportunities for traders who can identify and exploit these patterns. It is important to note that while traditional Wyckoff patterns provide a solid foundation for technical analysis, they should be adapted and customized to suit the unique characteristics of the cryptocurrency market.
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