Updated
Strange High Buying Volume
I have set up a bot which notifies me when large purchases are made at once (1s-5m range). The recent Fantom low has attracted a lot of unusual "buying" activities. As seen on the chart, we can visualize multiple green volumes that are high above the average in the green rectangle.
I strongly believe that the price of Fantom has been affected by Bitcoin's dominance. Thus, Bitcoin has recently shown a bearish behavior. Could this mean that people are buying Fantom again?
From my analysis it's hard to find a predictable trend, however, the recent large buy could mean that big investors are rebuying entries at around 0.015.
- Can this mean large investors are seeing potential increase in the short term?
- Do these investors have knowledge about the future of Fantom that we do not?
This is very interesting and I strongly support keeping an eye on Fantom.
I strongly believe that the price of Fantom has been affected by Bitcoin's dominance. Thus, Bitcoin has recently shown a bearish behavior. Could this mean that people are buying Fantom again?
From my analysis it's hard to find a predictable trend, however, the recent large buy could mean that big investors are rebuying entries at around 0.015.
- Can this mean large investors are seeing potential increase in the short term?
- Do these investors have knowledge about the future of Fantom that we do not?
This is very interesting and I strongly support keeping an eye on Fantom.
Note
I wish this had attracted more people buy at this price. Now these people could potentially have made around 20-30x their investment in 5 months. Thanks to the suspicion I had I am now a 21 yd millionaire.
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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.
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.