"What is PO3? How do you use it?"
Well, I'm sharing my understanding on it according to my experience.
Listen, PO3 stands for Power Of Three, where the three main phase are referred to as AMD.
That is, it consists of three phases: Accumulation, Manipulation, and Distribution.
- Accumulation
The Accumulation phase will likely consist of 3 Tops/Resistance and 3 Supports. That means three Tops signify three resistance rejection bases, similarly, three Supports indicate three support levels.
If the market is going higher, it will break out of the previous three resistances and ascend.
If it's moving down, the entire support group will break down and decline.
-Manipulation
The manipulation phase trades within the falling or rising market. This phase, usually lasting three months, or two months.
This phase is a false move, where smart money influences retail traders into thinking price is breaking down
They then engineer liquidity by taking stops before expanding in the opposing direction.
Moreover, it's during this manipulation phase that many traders exit the market. When the market shakes out, numerous small traders and retailers leave the market after losing everything due to stop-loss and retail series liquidation.
At that time, big marketers will open their positions or buy the coins and make substantial profits.
- Distribution
Finally, the distribution phase is the Officially Bullrun phase. But, in shorter time frame it can alse be side ways. I don't think I need to elaborate on that... it will take the trend either bull or bear. Everyone Distribution their bags 💰
At the moment I am writing this $BTC is forming PO3 with sideways on 1h trime frame.
