Range-bound price action is getting squeezed ever tighter. It looks to me that sometime in the next 1-3 days BTC will move.
Which way? Well, the dominant trend is upwards, in a bull market, so it would make sense to move up.
However, Market Makers know this, and they may wish to drive prices down first, either briefly on a Liquidation Hunt, or for an extended period to shake out weak hands.
One way or the other, be vigilant and watch the lower time frames to get the best idea of direction and strength of moves.
This Channel is for sharing what I learn as I learn it - if you're learning as well, join in and share your thoughts in the comments below.
Not Financial Advice, for I am merely a noob.
Phoenix Ascending and Bad Ass Bollinger Bands by @WyckoffMode - learn about these indicators at www.tradingview.com/u/WyckoffMode/
Which way? Well, the dominant trend is upwards, in a bull market, so it would make sense to move up.
However, Market Makers know this, and they may wish to drive prices down first, either briefly on a Liquidation Hunt, or for an extended period to shake out weak hands.
One way or the other, be vigilant and watch the lower time frames to get the best idea of direction and strength of moves.
This Channel is for sharing what I learn as I learn it - if you're learning as well, join in and share your thoughts in the comments below.
Not Financial Advice, for I am merely a noob.
Phoenix Ascending and Bad Ass Bollinger Bands by @WyckoffMode - learn about these indicators at www.tradingview.com/u/WyckoffMode/
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#TradersReality
"In a realm of uncertainty opinions are irrelevant."
- @Tradersreality
#TradersReality
"In a realm of uncertainty opinions are irrelevant."
- @Tradersreality
