[taps the mic] is this thing on?

The Wyckoff Accumulation Phase.

the "booga booga", the "are you scared yet?", the "hello Sydney, do you like scary movies?" phase.

This is a deliberate strategy where large investors, often referred to as “whales,” accumulate assets from inexperienced traders who panic and sell, believing the market is crashing beyond recovery. Later, these assets are sold by the whales at much higher prices, resulting in substantial profits for them.

Here’s how it works:
1. Initial Crash and Recovery: The market experiences a sharp drop, followed by a quick bounce back.

2. Deeper Crash: Afterward, a deeper plunge occurs, shaking trader confidence even further.

3. Steady Decline: The price gradually dips to a low point, forming what’s often referred to as a "triple bottom."

At this stage, many traders who were optimistic about massive gains just weeks ago lose confidence entirely. They sell off their holdings at these low prices, fearing further losses. However, this is exactly when the market begins its recovery, often surging back stronger than before.

This pattern is a psychological tactic used to test and break traders' confidence. So, the key is patience. Don’t let fear drive your decisions, and don’t miss out on potential earnings by selling too early.

don't be scared. buy the dip.

#MarketPullback #Fed25bpRateCut #MarketCorrectionBuyOrHODL? $SOL #HODL #MarketPullback

Disclaimer: my opinion does not constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.