Bull on weak legs.
I spent half a day tracking order books and sentiment in the market. Whilst I do enjoy the bull ride as it benefits all my crypto core investments, we are seing againmore of the same old, same old... Pump & Dump.
Too many bots placing changing buy orders at critical injunctions. Just enough to push the price over the psychological edge. Like adding just enough oil to keep the fire going... Three volume spices at coordinated times... Not sure if this is enough to keep us going up. We havent seen the market capitulation this time yet.
On the other hand, seems to be enough to pierce through the resistance like hot knive through butter. Dont get me wrong, bots and automated oreders are perfectly fine as they serve a valid purpose. The are run by real people and whilst they are faster then us humans, in the end of the day, the bots only accentuate the price action.
So far this bull has got weak legs.
What I would like to see for a convincing bull:
1) Strong price action at 11,200 *especially move over leg nr. 1*
2) Strong price action at 11,500 and
3) Strong price action at 12,300
Hope that we are seing a real bull coming soon.
Too many bots placing changing buy orders at critical injunctions. Just enough to push the price over the psychological edge. Like adding just enough oil to keep the fire going... Three volume spices at coordinated times... Not sure if this is enough to keep us going up. We havent seen the market capitulation this time yet.
On the other hand, seems to be enough to pierce through the resistance like hot knive through butter. Dont get me wrong, bots and automated oreders are perfectly fine as they serve a valid purpose. The are run by real people and whilst they are faster then us humans, in the end of the day, the bots only accentuate the price action.
So far this bull has got weak legs.
What I would like to see for a convincing bull:
1) Strong price action at 11,200 *especially move over leg nr. 1*
2) Strong price action at 11,500 and
3) Strong price action at 12,300
Hope that we are seing a real bull coming soon.
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