Example of Judging the Market Action

Example of Judging the Market Action

Example of Judging the #Bitmex #XBTUSD ( #BTC ) #Crypto Market Action using the Price and Buying/Selling Volume

We Have 3 downwaves A-B-C. All downwaves were finished around 8475.

1) Study the Profile of Each wave – They have “b” Shape.
2) Study the Selling Volume – We have a lot of Spikes in red Delta and Red Clusters around 8475.

So, we got signs of hidden strength around 8475. It seems that Professionals Accumulated the falling flow of coins using Buy-Limits.

Study the wave D. Here where Strength turned Real. We have breakout above the resistance line.

So, Bulls are producing big efforts to push market up from 8475 level. If they fail, this level will act as resistance.

OK, this all great. But how you can trade this situation?

Turning delta from red to green (circled blue) around SFDB line – is a rational setup to join the bullish campaign.

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