this is because of the current buy sentiment the crowd has :Reason we are at a strong support level hence expecting to take long positions with added confirmation of a discount price as compared to the previous BTC price at the beginning of the year.. the more people induced into buying BTC at the current price level the more liquidity that's available for the professional traders who have enough capital to move the markets. remember us the retail trades are in constant competition with the professionals and obviously the professionals always win so its up to us to try emulate the way they think and operate to have a better advantage at winning in the markets.. soo more retail buys of BTC at the current level = to more liquidity for the professionals to benefit from hence making more profit.. its only after forced liquidation of the buy positions at the current price level when i will be looking at taking long positions at around the 20k_18K price zone .. remember trading is a zerosum game ✌🏽✌🏽
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.