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Bitcoin often dips below the Asian session low during London hours to trap traders, then reverses higher. This pattern happens almost daily and confirms bullish momentum when you see higher highs and lows on the 5-minute chart.
Bitcoin often dips below the Asian session low during London hours to trap traders, then reverses higher. This pattern happens almost daily and confirms bullish momentum when you see higher highs and lows on the 5-minute chart.
We have just gotten a manipulation underneath the Asia lows, which is exactly what we want to see. Just to explain what I mean here, Asia tends to be the session of accumulation. On a day where you have a bullish daily bias, every time the London session sweeps below the Asia low and proceeds to form some sort of a change in state of delivery, you would anticipate that this would be manipulation. Basically, a false move to, you know, go below sell-side liquidity to trick everyone into thinking that, yep, the price is going to continue going down. For you reverse and head in the direction of the daily bias. This is a textbook setup known as an accumulation manipulation distribution type of setup, and this is exactly what's playing out right now. So as you watch this video, all you want to see is for this manipulation to actually continue on. As long as you can see that price is making higher highs and higher lows on the 5-minute chart towards the upside, it basically confirms that in terms of the 5-minute order flow, you're already bullish.
