Short Term Liquidation Brakes

24 Nis 2019

Notice how short term inventory corrects on the hourly chart when it fails to make a new high after the next bar and breaks the short term trend line most likely being used by short term momentum traders. It seems as though longer term money is stepping in and purchasing bitcoin below value on each short term liquidation break. This feels to me like we have longer term money accumulating with the range and we should see higher prices in the future.