EDUCASH247

Bitcoin about to break out!

BITSTAMP:BTCUSD   Bitcoin
This compression model is common within price action. Supply and demand is getting closer together. As a result, price moves in a certain direction. As a trader, you should have no preference which way the price moves. However, you can, of course, take advantage of this. Here, two things are important to get into position. Namely, the beginning of the movement and the end of the movement. Price action is formed at the beginning of this pattern. You get important information here. The price finds a resistance and a support and on this you can start trading based on price action (support and resistance). This ensures that you get into position early, so you no longer have to worry about whether you will get into position. Because you are already in position before the price breaks out.

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