In a market maker's mind
Updated
Let's try to understand how market makers think and how this COULD play out.
This obviously could retrace before, but I believe this play is the price action that would actually give a better advantage to market makers creating as much long liquidity on the way down (volume is still low atm) when everybody is expecting 6k to break and being able to short again when people think (again) that bottom is in
This obviously could retrace before, but I believe this play is the price action that would actually give a better advantage to market makers creating as much long liquidity on the way down (volume is still low atm) when everybody is expecting 6k to break and being able to short again when people think (again) that bottom is in
Trade active
Really looks like this is playing out as anticipated
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.