May 13th BTC Marketview Stophunt

BINANCE:BTCUSDT   Bitcoin / TetherUS
Stophunt trade idea.

Today i want to share with you my first official view of the market. Like shown we have a bullish triangle pattern which is in my opinion fake!! The blue lines you are seeing at the lows are the possible stops of long traders which is my traget if the setup plays out. The orange lines are big limit orders generated from tensorcharts to see where volume enters the market. At first the market will take out the big limit orders and the stoplosses of short traders to fill the short orders of the big players. Then we will see a move down to take out every longstop of retailtraders. The big players will use the stoporders of the retailtraders to take profit.

How you enter the market depends on you. What you can do is to place limit sell orders like the big players. You can also wait until the limit orders got triggered and enter with a market order.

If you like my tradingidea leave a like :D.

Kind Regards



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