Why would you buy all that BTC just to sell it at a small profit range? You've just spent millions buying up to 12k only to take a few percent?
Reasons for 'consolidation' (time to calculate whether they have enough liquidity to complete the macro trade) over the next few hours:
- These are Brits and Yanks and they are having a nap before they reboot the computer.
- Give the asian markets some time to sweat, set stops then drop to take them before jumping up.
- Allowing the news to freak out investors to get more sell orders in for another small dip.
- Creating enough relief / belief that when we get moving again those who sold will buy back in over 12k thinking "it is all gravy and we will moon at 50k."
shit, I've become a conspiracy theorist! I need to get out more.
Either way - there is 12 hours to play out yet. I might join the others and go get some sleep (alone) :)
Reasons for 'consolidation' (time to calculate whether they have enough liquidity to complete the macro trade) over the next few hours:
- These are Brits and Yanks and they are having a nap before they reboot the computer.
- Give the asian markets some time to sweat, set stops then drop to take them before jumping up.
- Allowing the news to freak out investors to get more sell orders in for another small dip.
- Creating enough relief / belief that when we get moving again those who sold will buy back in over 12k thinking "it is all gravy and we will moon at 50k."
shit, I've become a conspiracy theorist! I need to get out more.
Either way - there is 12 hours to play out yet. I might join the others and go get some sleep (alone) :)
Note
Shit thought. So if this is one big stop hunt then will this is going to playing out across all traditional currency markets?I'm starting to question whether people did land on the moon ...?!
Joking aside, the highs and lows may shift but hypothesis is still the same - We're being manipulated and this forecast maps out the outcomes.
Newbie so likely to be wrong!
Note
Through my limited understanding of Stop Hunts the new dip this may throw the idea out of the window - this releases those trapped at the previous dip...I still don't understand why the fall from the high if it is not to create liquidity for the rise.
Long:
- people are currently seating big time and cruising along a precipice will only create sellers .. all the buyers have gone
- this allows the MM to hoover up all the sells it wants at bargain prices.
- BTC starting to show why it is the boss with segwit and lightning
- No real news events besides the trillion dollar dude
Short:
- FED rate rise - driving fluctuation in all currency markets - (but that is way off - 22nd March)
- Crypto is dead
- I'm a shit trader and should stick to media.
Short is the logical answer! ;)
Note
"currently 'sweating'" not seating!Note
Note: that the sell volume beyond the 10k mark is minute!!
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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.