Hello everyone,
Today AlphaTradeZone Team wants to show you possible option how Bitcoin can trick shorters.
As we all see and know that $9.4k is strong support - our first thought is to load Long position.
But what if to scroll back and see how price acted previous time on that support?
If you see, every dump stopped at $9.4k, but after a few days of flat accumulation - price squeezed down all the longs, collected liquidity and went up.
Usually squeeze takes around 3-4% down, and buy up with increased volume, trapping breakout sellers.
THe more volume price will gain on this mive down - higher it will go.
According to 4H candlesticks, this move is likely to happen.
Also, dropping volume confirms the same.
Today AlphaTradeZone Team wants to show you possible option how Bitcoin can trick shorters.
As we all see and know that $9.4k is strong support - our first thought is to load Long position.
But what if to scroll back and see how price acted previous time on that support?
If you see, every dump stopped at $9.4k, but after a few days of flat accumulation - price squeezed down all the longs, collected liquidity and went up.
Usually squeeze takes around 3-4% down, and buy up with increased volume, trapping breakout sellers.
THe more volume price will gain on this mive down - higher it will go.
According to 4H candlesticks, this move is likely to happen.
Also, dropping volume confirms the same.
Trade closed manually:
Drop is not valid anymore.
Short closed in small profit.
Short closed in small profit.
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: www.binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
For now 10k seems in a play.