Bitcoin has turned more and more dangerous lately. It has been wicking out of levels more than is to be expected, if respecting them notably at all. Money Man theorizes that this is because BTC is on balance being traded differently to how it used to be, and this is probably because the typical trader by weight has changed. There is trading happening that goes along the lines (as Musk did) of buying large amounts with a bot programmed to trade not to market conditions but to set algo. The momentum now compared to 2017 is amped up. BTC keeps creeping higher on low volume and then wicks down into notable volume, as if we would have corrected large many times as we need to, and it simply gets bought up even before it could come down to expected lower prices. Why buy these dips so aggressively when you could have it at better prices? Urgency to an extent where writing a story with the chart to manipulate others into selling goes out the window. Also corresponds with the type of trader who cannot afford being pointed at as a manipulator.
Conclusion: There are no guarantees in trading and less once the game gets played in different ways. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere that you would like to know about.
Conclusion: There are no guarantees in trading and less once the game gets played in different ways. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere that you would like to know about.
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