Bitcoin: How NOT to get REKT ??
Many Mondays in the cryptocurrency market start with a drop, but this is all a fake-out to quickly capture liquidity from below and start a bullish rally. Bitcoin is repeating the exact same pattern, starting the week with a red candle but soon to be followed by growth.
The fake-out:
The fake-out is a bearish pattern that is characterized by a sharp decline in price, followed by a quick reversal and rally. This pattern is often used by large market participants to trap retail traders and acquire liquidity at lower prices.
The liquidity grab:
The liquidity grab is a market manipulation tactic used by large market participants to acquire liquidity at lower prices. This is done by creating a false impression of a bearish trend, which encourages retail traders to sell their tokens. Once the liquidity is acquired, the large market participants can then reverse the trend and start a rally.
The bullish pattern:
The Bitcoin chart shows a bullish pattern. The price has been respecting the ascending trendline and making higher lows. However, the price recently broke down below the trendline, which many traders interpreted as a bearish signal.
The fake-out confirmed:
However, the price quickly reversed and rallied back above 69K , confirming that the breakdown was a fake-out.
The fake-out:
The fake-out is a bearish pattern that is characterized by a sharp decline in price, followed by a quick reversal and rally. This pattern is often used by large market participants to trap retail traders and acquire liquidity at lower prices.
The liquidity grab:
The liquidity grab is a market manipulation tactic used by large market participants to acquire liquidity at lower prices. This is done by creating a false impression of a bearish trend, which encourages retail traders to sell their tokens. Once the liquidity is acquired, the large market participants can then reverse the trend and start a rally.
The bullish pattern:
The Bitcoin chart shows a bullish pattern. The price has been respecting the ascending trendline and making higher lows. However, the price recently broke down below the trendline, which many traders interpreted as a bearish signal.
The fake-out confirmed:
However, the price quickly reversed and rallied back above 69K , confirming that the breakdown was a fake-out.
✅ Get my ready-to-use Buy/Sell Crypto Systems & Alerts 👉 [ bit.ly/bs-alerts ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.