$ETHUSD eyes 1000
Straightforward price action here.
Higher lows building against 1,000 key psychological level = pressure mounting toward a breakout.
100EMA still acting as decent entry
Heading into weekend, volatility may be low- may see further corrective order flow
-If you're trying to "day trade" via an exchange like GDAX, my recommendation is to lookup videos on youtube of 'Jigsaw trader' and read-up on No BS DayTrading's material.
-There's a large amount of spoofing done to manipulate crowds into leaning bullish/bearish throughout periods of pending volatility. It's not how big a "sell wall" looks, it's what actually trades at that price compared against what was shown (resulting in what was "pulled"). Someone w/ deep pockets can show a sell limit for 100 units of whatever you're trading @ price X, only to be hitting the ask @ price Y and pulling those via algo as price increases trapping newer folks who thought the "market looked heavy".
Higher lows building against 1,000 key psychological level = pressure mounting toward a breakout.
100EMA still acting as decent entry
Heading into weekend, volatility may be low- may see further corrective order flow
-If you're trying to "day trade" via an exchange like GDAX, my recommendation is to lookup videos on youtube of 'Jigsaw trader' and read-up on No BS DayTrading's material.
-There's a large amount of spoofing done to manipulate crowds into leaning bullish/bearish throughout periods of pending volatility. It's not how big a "sell wall" looks, it's what actually trades at that price compared against what was shown (resulting in what was "pulled"). Someone w/ deep pockets can show a sell limit for 100 units of whatever you're trading @ price X, only to be hitting the ask @ price Y and pulling those via algo as price increases trapping newer folks who thought the "market looked heavy".
Catatan
Money in the bank.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.