I entered a very nice short position yesterday evening, at around 7pm.š
The reasons:
1. The market traded inside a range during the weekend, and it engineered liquidity.Ā
2. At 6pm EST, the CME opened and spiked above taking out all the liquidity.
Now the stage was set for a run down, targeting the liquidity below.
And if you can notice, BTC was unable to come the blue line after that spike.
This is one of the techniques I use to do my analysis...Ā
I close the position at around 3am EST š
Because the goal in trading is to make Money...
