Hello, everyone!
Today I have the very interesting idea how I understand the market maker plan to maximize liquidity collection on BTC.
Let's take a look at the
BTCUSDT
chart 12h time frame. We have already seen the strong bearish divergence on almost all time frames and as you know I have been sitting in short trade from the top. But today I closed short because there are too many bears occured. Therefore I understood that market can prepare the trap for us.
First of all let's notice trendline support. It's a good place to open long, isn't it? Many traders is going to do it, but I consider market maker will not allow them😁.
I think the price can show just the local lower low before the new pump. The trend on local time frame has been already broken (see my previous post). I opened long trade if price hit my SL will re-enter. I expect the pump to the trendline resistance and even a little bit higher. Look at the equal highs at $25200. This is magnet zone now to collect this liquidity.
I want you to notice that in this case price is gonna form the double bearish divergnece with Awesome oscillator. It is the super strong reversal sign. When the Bitcoin price will reach the support again, a lot of retailers are going to enter long, but market maker liquidate them all with huge crash.
Well these are my thoughts, like👍 this article if it deserves.
Today I have the very interesting idea how I understand the market maker plan to maximize liquidity collection on BTC.
Let's take a look at the
BTCUSDT
chart 12h time frame. We have already seen the strong bearish divergence on almost all time frames and as you know I have been sitting in short trade from the top. But today I closed short because there are too many bears occured. Therefore I understood that market can prepare the trap for us. First of all let's notice trendline support. It's a good place to open long, isn't it? Many traders is going to do it, but I consider market maker will not allow them😁.
I think the price can show just the local lower low before the new pump. The trend on local time frame has been already broken (see my previous post). I opened long trade if price hit my SL will re-enter. I expect the pump to the trendline resistance and even a little bit higher. Look at the equal highs at $25200. This is magnet zone now to collect this liquidity.
I want you to notice that in this case price is gonna form the double bearish divergnece with Awesome oscillator. It is the super strong reversal sign. When the Bitcoin price will reach the support again, a lot of retailers are going to enter long, but market maker liquidate them all with huge crash.
Well these are my thoughts, like👍 this article if it deserves.
Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
