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".
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Money in the bank.
