Good Morning all…
The two images above….Study them…
You may or may not recall, yesterdays stream, we considered that Bitcoin may be building their longs….WE said that before they make an attempt to the up side…WE may see a move back lower…
Why? Because there is a pool of liquidity that they can attack…
Now as a short term day trader, how could we capitalise on this move?
Well we consider the following: If price is trailing below the 50 Ema, WE know that momentum is to the downside…
Now by looking left we can establish the market makers sentiment. The green vector candle is a pool of liquidity…Our goal as traders is to determine the likeliness of price coming in that direction…We pay to play…
The factors that lead me to believe price would come to this zone:
Price below the 50 EMA
The green vector candle was not completely recovered…
The emas were flat and then price started to pull away from the mean (50 ema)
They built more positions below the 35k mark, look at the vector candles that appear as price comes towards the 35k mark?
The list goes on guys….
Doing this practise will speed up your learning…Power of projection implies your understanding of what the market makers are trying to do…
Don’t worry, I will get you guys there.
See you tonight Guys
Tino
