This is basic stuff, but I'm not ready to give away the deep matrix knowledge yet.
This is just some of my thought process that goes into my bitcoin trades. I figured I would stop posting troll charts, and try to get serious.
Comments
Noobincrypt
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When you say on your chart, "prices seeks liquidity", basically some ppl want to sell at higher prices but its not working?
also can you explain "...to move the market when retail becomes exhausted"
BallerTrader
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price seeks liquidity: basically when price moves in a vertical, inefficient manner that is illiquid. It's caused cuz sellers cannot find buyers or vice versa. This ineficient movement is not going to stop until price reaches a level where there are enough buyers and sellers that are willing to come into the market and exchange with one another. Hence, price is always seeking those price levels where there is significant interest from both buyers and sellers. Since without buyers price will just move down and without sellers price will move up. Price is always reaching for that level in price that is liquid where both buyers and seller exist.
to move the market when retail becomes exhausted: basically... say retail traders like you and me are all buying, once we have bought... we cant do anything else to influence the price. if people like you and me run out... then theres no more buyers in the market.... then price will move down and we will turn to sellers and then price will just dump hard.
BitboBTC
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When do you think we're going to test that 290 line?
BallerTrader
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assuming that 340 holds as resistance.... then.... some time mid next week
also can you explain "...to move the market when retail becomes exhausted"