Trade-Journal

✨Unlock Market Mastery: How Wyckoff Theory Made Me a fortune!

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BYBIT:BTCUSDT   BTCUSDT SPOT

The Wyckoff Model is a trading approach based on several key principles:

1. Law of Supply and Demand: Prices move based on the balance between supply (sellers) and demand (buyers).
2. Law of Cause and Effect: The market goes through phases of accumulation (building up) and distribution (selling off), leading to subsequent mark-up (price increase) and mark-down (price decrease) phases.
3. Law of Effort and Result: The relationship between the effort (volume) put into the market and the resulting price movement.
4. Accumulation and Distribution: Recognizing patterns where large players accumulate or distribute assets.
5. Analysis of Price, Volume, and Time: Understanding market movements by analyzing these three factors together.

While the Wyckoff Model provides valuable insights, it's important to note that it rarely appears perfect and is often overlooked by many traders. However, experienced traders can spot its patterns across various markets. Higher volume and liquidity markets tend to offer better opportunities.

In my years of trading Bitcoin, I've refined the Wyckoff Model into what I call the Trinity Model, which has been instrumental in many of my successful trades. Follow and boost for more insights! 📈✨🚀

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