panickyChile85473

Continuous testing of liquidity on Bitcoin support

COINBASE:BTCUSD   Bitcoin
The indicated wicks are signs of continuous liquidity tests performed by market makers. In Wyckoff's theory the market maker is continuously testing liquidity in consolidation phases of the market as trending moves may only happen following the path of least resistance. How long will demand persist just above 25200?

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.