Recent cryptocurrency crash
If you’ve been worried about the recent cryptocurrency crash, don’t panic, take a deep breath and relax. This is actually a common occurrence in the market, known as the Wyckoff accumulation phase.
To put it simply, some big players (we call them “whales”) are calculating. They are watching those new traders who panic and sell, thinking the market is done for and has no chance of recovery. As a result, the whales buy in at low prices and then sell when the price goes up, making a hefty profit.
How does this work?
Drop then rise: The market suddenly drops, and then it shoots up again.
Drop harder: Next, there’s another big drop, and traders’ hearts are in their throats.
Slowly grind the bottom: The price gradually declines until it hits what everyone calls the “triple bottom.”
At this point, those traders who were previously hoping to make big money have lost all their confidence. They sell at low prices, fearing further losses. But guess what? The market is about to turn around, and often it will rise even more sharply than before.
This tactic is a psychological game, meant to test the confidence of traders. So, patience is the most important thing. Don’t let fear take control, and don’t rush to sell and miss the chance to make big profits.
Stay alert to market dynamics, keep calm, and trust the process.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a tenfold increase is definitely possible. If you want to make big money in a bull market, like and leave a comment, and I will help you layout the entire bull market!