BTC short term (re)-accumulation

12 เม.ย. 2023

An uptrend inside of a channel, succeeded with a breakout of that said channel is a great way to shake both ways (longs & shorts), in order to grab liquidity;

1- Uptrend to bring in new longs.

2- Liquidity grab on the upside to bring in late longs & shake shorts out

3- Knife that'll shake out every longs that were comfortably in profits form the uptrend.
Brings liquidity and attracts short that'll get blown out later

4- Fear is present,new shorts are piling in but price doesn't seem to make significant new lows.
This is a nice point to enter into the markets, but it is relatively more risky than entering after a confirmed breakout

5- Breakout over range highs, consolidation possible.
This is the safest entry, after confirmed retest/consolidation

6- Full send, max bidding, whatever you want to call it

This is an usual way for markets to mark (re)-accumulation.

Note: theses are 15min candles and makes it harder to read the market in shorter time period. However, it fits my personnal bias for bigger timeframes.