Bitcoin moved from $6,350 to $6,100, bounced to $6,540 and then settled back at around $6,350...all in under an hour. While price remained within our known range, clearly market makers are trying to shake things up. Be careful...this could get interesting.
If the goal was to scare retail out of their short positions...it didn’t work. Shorts remain stacked at near all time highs.
In today’s video analysis I discuss market psychology, what may be happening behind the scenes, traps to avoid and MUCH more. I hope you find it helpful.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.
BIAS:
Short Term: Neutral
Longterm: Very Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
If you found this post informative, please:
Open an Account on Binance here:
https://www.binance.com/?ref=16878853
Support the Crypto Ecosystem with Brave Browser:
https://brave.com/wor485
Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
Published on:
by Workin2005
