As you can see, Bitcoin has been in a downtrend and beautifully tapped the trendline four times. At this point in time it should be clear to you, if you know what you are doing, that BTC was about to go down. Why let people sell off of that trendline?
Once something becomes too obvious, especially in Forex/Crypto, there is reason to believe something is about to happen, and more than often the opposite of what has been going on. The herd is taught to short off of the obvious zones/areas while the reality is that once something becomes obvious, liquidity builds up and a liquidity push/stophunt is expected. Which is EXACTLY what happened here on BTC.
Just as you can see on the macro downtrend you now have 4 obvious taps on the micro uptrend against the overall trend. There is good reason to believe BTC is going down.
Wait for accumulation/consolidation, stophunt high and enter to catch the distribution.
Tip: Always trade clean charts, no indicators, EMA's or whatsoever. These things are REACTIVE and does not work, meaning they react to the charts and not vice versa. Learn price action, manipulation, accumulation, distribution etc.
Once something becomes too obvious, especially in Forex/Crypto, there is reason to believe something is about to happen, and more than often the opposite of what has been going on. The herd is taught to short off of the obvious zones/areas while the reality is that once something becomes obvious, liquidity builds up and a liquidity push/stophunt is expected. Which is EXACTLY what happened here on BTC.
Just as you can see on the macro downtrend you now have 4 obvious taps on the micro uptrend against the overall trend. There is good reason to believe BTC is going down.
Wait for accumulation/consolidation, stophunt high and enter to catch the distribution.
Tip: Always trade clean charts, no indicators, EMA's or whatsoever. These things are REACTIVE and does not work, meaning they react to the charts and not vice versa. Learn price action, manipulation, accumulation, distribution etc.
Comment:
Sorry wrong link. Here:
Comment:
Another potential entry method to catch the drop:
Also shows how the market is in nature fractal
Also shows how the market is in nature fractal
Comment:
Stophunt bubble was meant to state: "Sellers stophunted"
This is how you enter on this drop. Wait for the accumulation, then induction and stophunt to the highs of the accumulation.