THE WEEKLY LOW, MID AND HIGH ARE THE REAL INDICATORS IN THE CRYPTO MARKET AND HERE'S WHY

If you haven't analyzed the crypto market using its weekly low, mid and high. Then, we highly recommend for you to check these factors that will help you with your trades!

Every weekly low, mid and high tells us different scenarios in the crypto market. One scenario exists for a market structure that's in its markup phase where most of the weekly candlesticks will close on top of the previous bullish candlestick. This indicates a rally that's happening from higher lows to higher highs and vice versa with a market structure that's in its decline phase. As for the weekly closing for the candlesticks that are at the very depths or at the lowest possible price in a year of a token. Concerning the weekly close for the candlesticks that show a token at its lowest point or at its lowest point in a year. They're probably just moving a little bit differently than normal while remaining in the same location.

For that token, this denotes an accumulation phase, while for those remaining at the apex where the distribution phase takes place, the opposite is true. We refer to the weekly candlesticks that are still indecisive as such since this is where the majority of buyers and sellers would interact more frequently before to a breakout or collapse. Remember that weekly candlesticks in a ranging market typically show a full or partial retracement or are above the previous weekly candlestick. because a lot of people are still waiting for confirmation of the market's outcome. For day traders, it would be ideal to trade within three to five weekly candlesticks in their range market. When a confirmation comes along, swing traders typically wait for a while. Different weekly candlesticks may form a swinging structure since they will enter a trade for each market swing movement. Although there are still more of these weekly candlestick formations, we advise you to keep making more observations and fewer reactions so that you can make profitable trades.

These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.

Stay wise, trade cautiously.

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