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Possible zones of accumulation for BTCUSD - possible long

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Upon further inspection of BTCUSD I realised that it has a tendency to wick out on the 4 hour time-frame and when it does it settles to consolidate above the zone before dropping into the zone to move higher or consolidates in the zone; now one must use their sense of judgement to determine if the wick was a stop hunt/washout long or buying pressure. A washout long is when price dumps hard for various reasons and pushes up intensely as traders and algos cover or enter long positions. A long would be optimum with further indications of buyers regaining their strength to push the pair higher.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.