FAKE MARKETS Driven By Some Algorithm?There is far too much correlation between crypto and legacy. What's worse is the algorithmic manipulation that I cannot ignore. Obviously, both bears and bulls should be quite pissed off but seriously it even shows similarities to the DJI on the 1hr. Just a simple observation NFA.
Scamwicks
today we learn about scam wicks.....BASICALLY WHEN U USE HIGH LEVERAGE U WILL GET REKT BY A SCAM WICK,,WATCH OUT FOR THESE FRAUDULANT WICKS PERPETRATED BY THE LIKES OF BYBIT OR BITMEX MOSTLY BY ALL LEVERAGE TRADING EXCHANGES THAT USE THESE TO LIQUIDATE U OUT OF YOUR TRADE POSITION, SO LESSON IS NOT TOO USE HIGH LEVERAGE AND RULE OF THUMB 10X OR OVER! JUST A SMALL TUTORIAL
BTC- Accumulation modeThis week is nothing but reverse bart patterns and scam wicks!
I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase.
Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes.
In addition, volatility is slowly ticking up as well.
Other signs to pay attention to- CME open interest and volume going up + Backwardation + USDT premium going up
As we all now, low volume is a precursor to the high volatility move... As long as 8.4k is defended, I will continue my buy on the dip mode!