As I have explained in my last video regarding Bitcoin, if an institution wants to place a big order, it will have liquidity problems. In order to avoid this, or things like slippage, they will add gradually to their position.
How can you spot this? Is very simple. Because they will always buy at the best market price, they will place limit orders. Every time their limit orders are filled, the price will react aggressively, because usually their limit order will consume most of the market orders on the other side.
Entry - At Market Price Stop Loss - Under the last candle spike TP - A little under 24900.
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The price came to a support level, for the 3rd time now. That support level is nothing more than massive buy limit orders, frame where the price rejected aggressively 3 times now. That means that one or more big buy orders where filled, an this is why BTC will move aggressively to the upside now.
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If the Daily candle is going to close bullish, than old on to your buy trades
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If price breaks again above 23.500k, we might see a rally to 27l
Could also be that a bunch of short traders had limit orders set to release their trade and take profit at that level which reads as a buy since they must buy back the collateral they borrowed at the top of the trade (BTC) and pay it back
sha13
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it is good idea but set limit sell under 21000 and buy to step in this price and 21500 then go to 25000