The BULLS and BEARS are fighting for control like crazy! You ask who will WIN this epic gamel? The answer is SO OBVIOUS!!!
The whales.
Thank You if You followed me from Chart 1 to Chart 2. Here I wanted to show You the somewhat larger picture after the last 400 USD pump. Here I had to use a 15 min timeframe, because it would be overcrowded with candlestick on 5 min.
But still I think the message is quite obvious (the numbers are approximate).
B*tchcoin is played around with. Harshly. People try to use classic trading analysis techniques for this job. Do You think it's something that can be analyzed based on logic and psychology? Just look at the chart and use common sense. Because trading analysis is psychology, practically. Analyses about how the investors think. Here, the investors thinking is beaten and efffffed by sudden pumps and dumps by large percentages of price in a matter of minutes. This makes small investors confused. That's why people are trying to fit their ideas on the unnatural charts, and that's why these ideas say everything from 1000k bearish to 100000k bullish.
This is called confusion, and the thing most involved in this kind of market at the moment is RISK. Please check out my recent post about risk if You are interested. You never know when the whales will do a dump of 2000, or more.
Or, do we have some kind of help to contemplate the future of the price? We might have. There were whales before, they did not appear from the depths of oblivion now.
Please follow me to Chart 3, and I will explain to You what I mean.
UPDATE: Since I began making this chart, a big red canle happened :) wtf? Seems like my idea has something to do with reality after all...
Regardless of this, please read my Chart 1 as well. My charts are not really about technicals, rather psychology and thoughts about the market, so you might find some useful info in it, since they are not so strongly related to recent events.
The whales.
Thank You if You followed me from Chart 1 to Chart 2. Here I wanted to show You the somewhat larger picture after the last 400 USD pump. Here I had to use a 15 min timeframe, because it would be overcrowded with candlestick on 5 min.
But still I think the message is quite obvious (the numbers are approximate).
B*tchcoin is played around with. Harshly. People try to use classic trading analysis techniques for this job. Do You think it's something that can be analyzed based on logic and psychology? Just look at the chart and use common sense. Because trading analysis is psychology, practically. Analyses about how the investors think. Here, the investors thinking is beaten and efffffed by sudden pumps and dumps by large percentages of price in a matter of minutes. This makes small investors confused. That's why people are trying to fit their ideas on the unnatural charts, and that's why these ideas say everything from 1000k bearish to 100000k bullish.
This is called confusion, and the thing most involved in this kind of market at the moment is RISK. Please check out my recent post about risk if You are interested. You never know when the whales will do a dump of 2000, or more.
Or, do we have some kind of help to contemplate the future of the price? We might have. There were whales before, they did not appear from the depths of oblivion now.
Please follow me to Chart 3, and I will explain to You what I mean.
UPDATE: Since I began making this chart, a big red canle happened :) wtf? Seems like my idea has something to do with reality after all...
Regardless of this, please read my Chart 1 as well. My charts are not really about technicals, rather psychology and thoughts about the market, so you might find some useful info in it, since they are not so strongly related to recent events.