Possible buy on bitcoinBaghodlers are regularly pouring money into this pyramid scheme. Good for them.
The negative thing on this is the last move by crypto were not very spectacular, but still even if just a few baghodlers get excited and fomo as it goes up, there is a bit of exploiting to be done here.
These breaks are often followed by consolidation:
A 15% move up with a 5% SL is 3R already.
There has been some semi strong buying of magic beans recently as baghodlers were forgetting about it, and it is time for them to get hyped again as they notice the price going up.
As it has been going up faster and faster in the past 6 weeks, after consolidating dropping and consolidating obviously some of the random technical indicators these guys use will fire buy signals, MAS that were crossed the opposite way will cross, and so on, I do not even need to put those ridiculous indicators on to know.
Yes alot of gamblers do buy following indicators.
Another thing is the UK regulator recently banned crypto CFDS "this will save 'investors' hundreds of millions". Obviously the gamblers will move away from their CFD provider that trade against them (don't hedge) and put clients against each other. Gamblers that are all buyers like 95% long will move their money out of european brokers and buy magic beans on coinbase & kraken. So... price go up.
