Wyckoff introduces us to the factors of how a ‘wild’ or volatile market thus winds down to an equilibrium (or balance) level between buyers and sellers, and in this time, many traders get bored (look at how Volume is declining).
However, once the balance is disrupted, one side of the market gets squeezed as the other jumps in, creating a breakout or range expansion move.
This type of logic then gives rise to breakout trading strategies – markets in clear equilibrium tend to eject in an impulse move OUT of that stable condition.
I mean BTC has to stay above the equilibrium, otherwise, it will go to $6300 and maybe more.
So what do you think? Will it break out the downtrend channel or break down the triangle?
However, once the balance is disrupted, one side of the market gets squeezed as the other jumps in, creating a breakout or range expansion move.
This type of logic then gives rise to breakout trading strategies – markets in clear equilibrium tend to eject in an impulse move OUT of that stable condition.
I mean BTC has to stay above the equilibrium, otherwise, it will go to $6300 and maybe more.
So what do you think? Will it break out the downtrend channel or break down the triangle?
Comment:
Comment:
4H RSI support line was broken. Now the balance is going to be disrupted.
Trade closed: target reached:
Hit $5900. Target is closed. I will share a new one. Thanks for the support!
