After a while of posting general thoughts on crypto, here I am again with insight beyond TA.
Considering crypto is relatively small, messing with TA indicators while volume is weak isn't a hard task for a millionaire. When crypto reaches these kind of volume "deadspots", the same amount of dollars has more power. I marked on the chart how at the vertical line Bitcoin was actually posed to move sideways or even bump up to 7800.
My favorite indicators are shown on the chart. All of them showed that the move was pretty much over. However, on the next tick, instead of organically continuing their move towards a neutral/bullish setup, they radically shift back into a bearish setup. For no reason except the market maker's will.
I guess that this kind of stuff will happen anyway. The reason I want to put this out there is because I think crypto should naturally be back at a bullish cycle, but every day this kind of move takes place, hammering down the sentiment. If you ever wondered why you could make TA on LONGS and SHORTS it's probably because those charts are almost the price chart.
As for why market makers keep the bear cycle going beyond it's natural span, it's anyones guess. In the end it probably comes down to humans being an insatiable well of greed; especially those dead inside.
Considering crypto is relatively small, messing with TA indicators while volume is weak isn't a hard task for a millionaire. When crypto reaches these kind of volume "deadspots", the same amount of dollars has more power. I marked on the chart how at the vertical line Bitcoin was actually posed to move sideways or even bump up to 7800.
My favorite indicators are shown on the chart. All of them showed that the move was pretty much over. However, on the next tick, instead of organically continuing their move towards a neutral/bullish setup, they radically shift back into a bearish setup. For no reason except the market maker's will.
I guess that this kind of stuff will happen anyway. The reason I want to put this out there is because I think crypto should naturally be back at a bullish cycle, but every day this kind of move takes place, hammering down the sentiment. If you ever wondered why you could make TA on LONGS and SHORTS it's probably because those charts are almost the price chart.
As for why market makers keep the bear cycle going beyond it's natural span, it's anyones guess. In the end it probably comes down to humans being an insatiable well of greed; especially those dead inside.
Komen:
Look, 6930 and counting. Share and let others know that we are at the mercy of the makers. If you wish to be part of the "opposition", don't trade.
Still annoys me makers will just read this and laugh.
Still annoys me makers will just read this and laugh.
Komen:
It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.
Personally I'd recommend not trading a broken market as of now unless you want to fuel the aforementioned insatiable well by gambling.