Firstly mention the manipulation over the double top, where profesional waited until they found the liquidity region acting like a bearish trap, they positioned themselves on the blue region, the rest are stop losses working for them. Then, using the fib extension since 0.31125 until 0.32250 we can see how precise the movement ends on the 61.8 where profesional closed positions. After that, the price come to retest the trend line that the public think is the proper one (broken then creating the ilusion of going short) but from my point of view is not, is the other one as it is the same region as the previous liquidity region (green region $0.32 - $0.321) , where profesional are taking positions avoiding the break of the trend line. Lastly, when the downside trendline from descending maximums will break, the public will open longs when profesional were previously positioned on the fake ''break retest and come low'' taking the public counterpart in order to bring prices up and making in this way a nice profit.
Disclaimer: It is just a personal training, it is not an investment advice.
Commentaire
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I Know i am improving when my trade anticipating the market manipulation has been absolutely perfect
Commentaire
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Exactly to the tee, huge precision, moreover, I have detected during last few weeks the negative correlation between XRP and BTC, so, I would like to anticipate another price market manipulation on the BTC, where currently we are on a position of a double top with an engulfing candlestick confirmation, which easily creates the ilusion of going short, but the professionals from my point of view will bring the price upwards.
Commentaire
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Another thing I did not notice until now, draw the same fib extension as I mentioned on the original article from 0.31125 until 0.32250 and then see what happens with the -61.8
Great Chart. Check out what i just found on XRPBTC.
I2MPCapital
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@traderview2, hello mate, I do not use this chart as an indicator to react to market behaviour, im sorry i can not give you my opinion respect to it. Thank you anyways for your effort by doing your analysis and sharing it here.