BTC Daily Update - SL hunt of bulls is coming

2022년 8월 17일

Welcome everyone!

Today we saw bullish action in the morning, after which huge drop happened.
By doing this move marketmaker achieved 2 things:
1. Formed top trendline. It will act as resistance for the near future. By the way, if you look carefully, end of the formation will be exactly at Initial Jobless Claims data release👀
2. Came dangerously close to the support. It would be logical for marketmaker to stop-loss hunt bulls, since he doesn't need to spend a lot of resources to reach them

Either we see stop-loss hunt today or better tomorrow, when news will be released.

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself