jonnyaw

Let's take a look at how traders saw a big move coming.

Long
jonnyaw Updated   
BITSTAMP:BTCUSD   Bitcoin
This is a brief analysis looking at volume-price action with a few indicators to help us see how this big move happened. And more-so how traders can use this in hindsight to be able to spot future moves. One of the greatest assets professional traders have is experience. Experience gained from reading, analyzing, and actively trading markets. Then the analysis begins to become intuitive, having known that you recognize the movements and patterns before. And when wrong, you learn from those mistakes to better tune your analysis in the future.
Comment:
Wow, so far following the trend and support beautifully. The quick pump to 9k was unexpected but it dumped and bought back over the 8200 support nicely.

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.