Whales are adding to long position
Simple technical analysis.
As I have explained in my last video regarding Bitcoin, if an institution wants to place a big order, it will have liquidity problems. In order to avoid this, or things like slippage, they will add gradually to their position.
How can you spot this? Is very simple.
Because they will always buy at the best market price, they will place limit orders.
Every time their limit orders are filled, the price will react aggressively, because usually their limit order will consume most of the market orders on the other side.
Entry - At Market Price
Stop Loss - Under the last candle spike
TP - A little under 24900.
Don't Stumble Trading. Trade Safe!
As I have explained in my last video regarding Bitcoin, if an institution wants to place a big order, it will have liquidity problems. In order to avoid this, or things like slippage, they will add gradually to their position.
How can you spot this? Is very simple.
Because they will always buy at the best market price, they will place limit orders.
Every time their limit orders are filled, the price will react aggressively, because usually their limit order will consume most of the market orders on the other side.
Entry - At Market Price
Stop Loss - Under the last candle spike
TP - A little under 24900.
Don't Stumble Trading. Trade Safe!
Dagangan aktif:
The price came to a support level, for the 3rd time now. That support level is nothing more than massive buy limit orders, frame where the price rejected aggressively 3 times now. That means that one or more big buy orders where filled, an this is why BTC will move aggressively to the upside now.
Komen:
Komen:
Komen:
If the Daily candle is going to close bullish, than old on to your buy trades
Komen:
If price breaks again above 23.500k, we might see a rally to 27l
