Just visualise…you can of course turn to a chart once you read this. But this will help you train your minds eye to be familiar with patterns.
Notice the W formation on the 1hour time frame for bitcoin.
Price shows a big green Vector to the upside.
The retrace pulls price back and contains the zone…
Another pump happens.
What is happening and what do we always need to see when price for the first time breaks above the 50 ema on the 1hour?
What is near by? The red vectors…..
You see these red vectors are the only vectors that bitcoin can come back up to….these are the imbalances of the market maker manipulating traders to go short. So he can get his longs.
Will price return to the vectors?
Tell me what you see?