Patterns and Liquidity Rules them All 
2025-01-28
Category: None

Truth is price action can get quite messy sometime. What I find the most reliable is to follow the pattern on higher time frame. Look at how many it respected the support and resistance of the channels or now the triangle. Yes it can bust and it happens it does a fake but how much sucess you could have by simply go short at resistance and go long at support with a forgiven stop loss. 

I believe it's quite a battle right now, the Bear vs the Bull in a mostly unbalanced area. Both of them or fighting for their exit liquidity. From my Liquidation pool app, the supply zone above 110k is bigger but I feel we might visit around 85k before a going up again. Feels like a Bear Trap when we look at USDT Chart Buyers are in control. 