Hey guys, I noticed a particular play on bitcoin which got me thinking into the idea that at the current price point, they may be looking to reverse from this zone.
Please – Proceed with caution.
The goal of this trade is to exploit the idea that the stopping volume candles are going to play out and bring price back up as the idea of the stopping volume candle is to give us the idea that the market maker is preventing price from going to far down (allowing the retail trader to get more shorts open) so that he can then reverse price and start returning price back up to realise a return on his trades he was building (longs) on the move down.
I am using this as an example to show you when you are presented with an opportunity….All you can do is act…Generate feedback, assess and move on to the next one.
Lets see how this rolls out.
Mad love
T
