BITCOIN AND UNDERSTANDING THE PRICE MOVEMENT

BITCOIN AND UNDERSTANDING THE PRICE MOVEMENT

Happy new year everyone 

We’ve been following the Bitcoin for a while now and had a few interesting convos with some friends who were long.Asked them this simple question, If everyone is Buying then who is Selling?

For a buyer to win a seller has to lose and vice versa. So who is actually selling on the Bitcoin crypto? Simply told them that this is a trap waiting to catch new/fresh buyers that don’t want to miss out on the bullish run ie FOMO

Now, look at the bitcoin today, dropped heavy and reacted straight at the flipzone, why did it hesitate/bounce back from there?Simply because there were pending orders waiting there and the Market is heavily attracted like a magnet to where orders are hidden. This should be a no brainer if you have a good enough understanding of how price moves etc

This move can easily create fear and people might start selling off but you need to watch carefully the further reaction to this former untested level.
This is a V shaped (vertical) move that shows strength of the fresh Sellers. Always be careful with v-shaped moves as many of them tend to be continuation.

The Market has a way of playing with the emotions of traders and this is a typical example.

I’m not saying it might not continue higher but you need to understand that price needs a launching pad to continue in that same direction.

Do you want to understand better? Ask questions and we can look at it together

Image may contain: text that says 'BTCUSD,H1 30256,000 30426.000 9373 0041.000 Did e ee this cominą? How can you ee & no here take action? What's next how? GAP 33732,490 vertical move fast drop was expected flipzone area 32644.810 GAP 30469.450 29361.770 28294,090 02:05 27173.450 good place to reload longs now s2 Bayer 18:05 24De 26085.770 Can 28Dec drop some morel 24996.090 Dee 23910.410 14:05 22822.730 BITCOIN 21735.050'
January 4, 2021

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