What are the indicators to identify the Wyckoff distribution schematic 2 in the cryptocurrency market?

1 answers

• Dec 25, 2021 · 3 years ago
  When it comes to identifying the Wyckoff distribution schematic 2 in the cryptocurrency market, it's important to analyze multiple indicators. One such indicator is the Wyckoff Accumulation Distribution (WAD) indicator, which combines volume and price action to identify potential distribution patterns. Another useful indicator is the Bollinger Bands, which can help identify periods of consolidation and potential distribution. Additionally, keeping an eye on the overall market sentiment and news can provide valuable insights into the potential distribution phase. Remember, it's always important to conduct thorough analysis and consider multiple indicators before making any trading decisions.
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