WHEN is more important than price action - drop coming soon.
Time is also an important factor many over look - many bullish posts are noting potential hourly double bottoms and the like, why is that trash technicals?
Price only moves in two forms, 1)expansion and 2)ranges EVERYTHING ELSE IS MANIPULATION. either it has broken a trend or it is STILL in the trend.
Now TIME - we have as you can note roughly 1 hour before a new 12H/1D/2D/3D CANDLES, these moments are How MM manipulate the market.
Pushing price slightly up to look like BTC has the potential to shoot upwards, technicals somewhat pointing upward BUT and this is the big factor,
when the new candles emerge now MM has a clean slate to move the price in a legitimate manor downward all the whilst trapping in longs that brought into hope - price is in the range and the trend remains.
Knowing WHEN you are is just as important as where/what is going on.
Stay focused and don't buy into the markets forms of manipulation/emotional trading.
Price only moves in two forms, 1)expansion and 2)ranges EVERYTHING ELSE IS MANIPULATION. either it has broken a trend or it is STILL in the trend.
Now TIME - we have as you can note roughly 1 hour before a new 12H/1D/2D/3D CANDLES, these moments are How MM manipulate the market.
Pushing price slightly up to look like BTC has the potential to shoot upwards, technicals somewhat pointing upward BUT and this is the big factor,
when the new candles emerge now MM has a clean slate to move the price in a legitimate manor downward all the whilst trapping in longs that brought into hope - price is in the range and the trend remains.
Knowing WHEN you are is just as important as where/what is going on.
Stay focused and don't buy into the markets forms of manipulation/emotional trading.
Comment:
Price movement is going as expected, slight upward within the range... few more hours and the direction will be decided.
In the event price does push up SL is placed 21800, action above that line would be cause for invalidation of the downward trend on the immediate TF's.
Still far from there looking bearish, just noting.
In the event price does push up SL is placed 21800, action above that line would be cause for invalidation of the downward trend on the immediate TF's.
Still far from there looking bearish, just noting.
12H/1D/2D/3D