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RE: Trading Steem with the Wyckoff Method.

Learning about Steem Token trading using the Wyckoff Method is an interesting experience. This post highlights Three basic Laws the Law of Supply and Demand the Law of Cause and Effect and The Law of Effort and Result.

  1. Law of Supply And Demand: When demand is high and supply is low the price goes up. In Steem token Trading if buying is High and selling is low the price can go up and if selling is High the price can go down.
  1. Law of Cause and Effect: When big players buy Steem tokens the price increases and when they sell the price can fall. Looking at the historical price chart of Steem we find that when the price stays in a certain range, it can be a buy signal and the price goes up later.
  1. Law of Effort and Result: When the price moves up with low Volume it indicates that the Trend is weak and about to reverse. If the volume is high and the price remains unchanged, it may indicate a major breakout.

This post presents a practical analysis of these three rules and how they can be applied to Steem token trading.

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