Bitcoin whales doing their thing again, extra update
Just look at the same move they pulled of once again. Fooling most of the people again, giving all the signs of divergence and whatever more. This is pure manipulation, or whatever label you want to give it. As mentioned in a previous btc analysis, they are probably putting pressure on all the shorts that protected themselves since the Bitfinex issues from a week ago. If you have the money to do it, it's so easy in this market. Alts are still crap, so this seems to be July 2018 all over again. Meaning, Bitcoin can simply continue to rally coming week (or not), but alts will very likely stay far far behind or maybe even dump. This is also very likely a confirmation, that this rally is just temporarily, as suggested in my bitcoin analysis. Because there is no support from the rest of the market, very likely just manipulation of the shorts/longs to push the price higher. So this rally is carried by a few people and not by the whole market. As long as we stay above 5600ish, very likely to see this continue coming week.
This is just to show you that at certain times, markets follow a standard protocol/algo's.
My current Bitcoin analysis:
This is just to show you that at certain times, markets follow a standard protocol/algo's.
My current Bitcoin analysis:
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