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The majority of traders were bearish near 7500 expecting 6k. The market makers took advantage of these traders by pushing the price above 10k to cascade liquidations on the bears. Now that the price has broken most resistance lines, traders are now ready for a full blown bull rally. Since the majority are net long, market makers will once again own these traders...
7
Bearish Channel continues to grow Pitchfork support and resistance levels show optimal entry and exits Inside channel, wait for extremes to enter and exit. Whether long or short, just wait for the extremes Set up alerts and enjoy your day Don't worry about the market making sideways price action. Wait it out to maximize minimal risk for large potential reward....
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