Bitcoin`s price action is moving in a range for a while. We know that those sideways periods are typically Accumulations or Distributions. At this point, I don`t have solid opinion on the direction of the next move so I am waiting for clues.
In this Idea I want to warn about something that many traders fall into. It is the TRAP that Market Makers do to trigger more liquidity and fill their large size positions. They push the price above or below the Support or Resistance levels of the range zone and by this many traders are triggered to enter a breakout trades that provide the liquidity for countertrading from the Market Makers.
This is very simple trick but if You are not aware of it You might get triggered to jump into trade too.
I hope this will be helpful for some of You.
In this Idea I want to warn about something that many traders fall into. It is the TRAP that Market Makers do to trigger more liquidity and fill their large size positions. They push the price above or below the Support or Resistance levels of the range zone and by this many traders are triggered to enter a breakout trades that provide the liquidity for countertrading from the Market Makers.
This is very simple trick but if You are not aware of it You might get triggered to jump into trade too.
I hope this will be helpful for some of You.