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The Art of Crypto breaks down how to spot fake breakouts by watching what happens after price sweeps a key level. If it shoots up with multiple closes above the level, that's manipulation. If it stalls or drops instead, the breakout is real.
The Art of Crypto breaks down how to spot fake breakouts by watching what happens after price sweeps a key level. If it shoots up with multiple closes above the level, that's manipulation. If it stalls or drops instead, the breakout is real.
Asia is accumulation, and London, we have seen that the manipulation has already happened. And one of the biggest confirmations that you can use to confirm if London was indeed manipulation or if London is kind of like a breakout is the behavior of price after it sweeps some key level. For example, this is a couple of relative equal lows that we marked out just now. After sweeping this level, we immediately got a strong push towards the upside with a lot of candle closures above all of these levels, which now turns this entire block right here into a bullish order block. Now, If this was not manipulation, then you would've seen the opposite happen where you would just kind of like continue to chop around or potentially show some indication that you want to continue going to the downside. Now that would be an example of an Asia accumulation, London breakout, and a New York continuation.
