The is my first post. Instead of focusing on traditional technical analysis , I wanted to point out an interesting observation. There is plenty of TA already out there by more more experienced traders that one can view. But something very peculiar has not been addressed.
And that is that Bitcoin -5.35% is declining in a very predictable reoccurring pattern. If we look at the long term bear market decline and offset the chart by approximately 20 days, the two charts look eerily similar. To understand what I'm talking about, see this image comparison here. ibb.co/nKLR1S
Ever wonder why these patterns move together? It's probably the same algorithm. Someone has a a lot of coins and is running a trading bot to buy and sell at certain percentages. The algorithm must be buying until set percentage gain and time period are met, and it begins selling only to repurchase later. This process repeats over and over again.
I ask myself questions, who has the capability to manipulate this market so effectively? And when will they change the parameters? If the pattern continues, I drew a continuation in the idea attached.
Is this the biggest scam in history, or something else? Let me know what you think?
ibb.co/nKLR1S <----- MUST SEE
And that is that Bitcoin -5.35% is declining in a very predictable reoccurring pattern. If we look at the long term bear market decline and offset the chart by approximately 20 days, the two charts look eerily similar. To understand what I'm talking about, see this image comparison here. ibb.co/nKLR1S
Ever wonder why these patterns move together? It's probably the same algorithm. Someone has a a lot of coins and is running a trading bot to buy and sell at certain percentages. The algorithm must be buying until set percentage gain and time period are met, and it begins selling only to repurchase later. This process repeats over and over again.
I ask myself questions, who has the capability to manipulate this market so effectively? And when will they change the parameters? If the pattern continues, I drew a continuation in the idea attached.
Is this the biggest scam in history, or something else? Let me know what you think?
ibb.co/nKLR1S <----- MUST SEE