as u can see we moved to higher channel yesterday , breakout line was around 47500 . we visited that area one more time today that means we closed our unfinished business there and we are heading to reach higher highs .
so what happens when price reach a critical point like end of a wedge pattern ?
one side of the market should push with more power , they have to clear everything in that price level in order to push the price to break the line !
what do i mean by clearing everything ? buying and selling to everyone in that price level ( providing Liquidity )
even tho the direction of main orders is UP ! they have to enter short positions in order to remove weak hands from the tables ! in other word , they have to provide liquidity to both side of table ! it means they will be in loss until they close those short positions . when is best time to close it ? after reaching where they entered ! at the point of break out !!
i hope u understand this concept . this was my first post in here , sry for my bad english .
Thanks for your wonderful trading view , please can teach more about crypto trading
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yes sure , thats the plan .
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