Bitcoin forecast 26 Sept 2017 - Breakout ou fake out?
As many of you already know that BTCUSD 0.67% has broken out of it's short term trendline . Generally this is an amazing signal for reversal, however, I am not convinced yet.
False breakouts are one of the oldest tricks in the books. Market Makers use these to trick small fish into creating impulse positions, driving the price up or down and the volume up. The Market Makers, aka Whales, use this volume to their advantage, eventually driving the price in the opposite direction.
TradingView: oh92
Thanks for sharing. Good Job! Followed. Pls follow me...
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