Are those movements (see arrows) only random or are they the consequence of the trading of hedgefunds?
A lot of reasons can be found: algorithms, stop-loss, sentiment of traders with weak hands (cyclical traders)
Interestingly it hasn´t been only the up - and down movement of BTC but also the traded volume. This is the reason why I think that big hedgefunds are at least to a big part responsible for this phenomenon.
If this is the case alle technical analysis should be taken very careful; cause the hedgefundmanagers know more than us the function. They can take in mind the reaction of the market, give a little impulse and wait.
So they can make profit in both directions.
This isn´t illegal but we - the smaller traders - should never forget that " big brother " (hedgefunds) is watching you.
A lot of reasons can be found: algorithms, stop-loss, sentiment of traders with weak hands (cyclical traders)
Interestingly it hasn´t been only the up - and down movement of BTC but also the traded volume. This is the reason why I think that big hedgefunds are at least to a big part responsible for this phenomenon.
If this is the case alle technical analysis should be taken very careful; cause the hedgefundmanagers know more than us the function. They can take in mind the reaction of the market, give a little impulse and wait.
So they can make profit in both directions.
This isn´t illegal but we - the smaller traders - should never forget that " big brother " (hedgefunds) is watching you.
Trade active
Trade active
adjusted waves
Trade active
Note
BTC is in wave 5 - but with higer volatility!Confirmation by a chart pattern: cup with handle
RSI positive. MACD neutral.
New stop: below 8.800$ (short term traders)
Trade active
Note
Caution: wave 5 could end at the swing trend line (10.050$) we´re entering the profit-take zone! (for short term traders)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.