Bitcoin 3 Market Phases
In my experience in the markets, all price action follows 3 main market phases as below:
1) Consolidation: price ranges between two levels and consolidates between that area.
2) Expansion: Price action breaks out of the consolidation with high volatility making rapid impulsive and corrective waves.
3) Trend: The price action finally follows and market has a fixed sentiment where the trend takes place and the main direction of the financial instrument price goes.
1) Consolidation: price ranges between two levels and consolidates between that area.
2) Expansion: Price action breaks out of the consolidation with high volatility making rapid impulsive and corrective waves.
3) Trend: The price action finally follows and market has a fixed sentiment where the trend takes place and the main direction of the financial instrument price goes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.