Post
Topic
Board Speculation (Altcoins)
Re: The Wykoff Method vs Common assumptions
by
iram1011
on 24/06/2018, 17:04:36 UTC
I don't know where you read about Wyckoff reasoning of lack of supply leading to breakouts or building a momentum. But what I have read about Wyckoff method is that a selling climax or spring should be accompanied by an increase in volume to show expanding participation. He used increased volume to confirm a reversal, breakout or a trend. As much as I have read, low volume means nothing as it shows lower buying/selling powers which are incapable of bringing any market trend. And in the highly manipulated market as that of cryptos, low volume means nothing at all.