This analysis is based on the composite man theory of Wyckoff. In the following idea, I explained the principles of this analysis.
This analysis shows: The number of buyers compared to sellers (despite the constant volume of transactions) is increasing. This means that salespeople are getting stronger (composite men are on the sales side)
If continued, this could lead to lower prices, indicating that we are probably in a redistribution area.
This analysis shows: The number of buyers compared to sellers (despite the constant volume of transactions) is increasing. This means that salespeople are getting stronger (composite men are on the sales side)
If continued, this could lead to lower prices, indicating that we are probably in a redistribution area.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.