Quote from: iram1011 on June 24, 2018, 05:04:36 PM

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.

It's what they teach at university. You can listen to this lecture if you have the time and find the part where it says volume petering off means that the composite operators (whales) are trying to close off the supply, leading to a price rise.

Which is why I think it's just not relevant to crypto but some of my mates stand by it.