As you can see big players (whales) are moving the prices nearly exactly to the Fibonacci levels exposed on the graph itself.
Sometimes the market pushes a price a bit above or below the level either due to the inertia or to here and there confuse other players.
However, it is clearly seen from the graph how smart money is actually making the price reach a certain level and then change the direction.
Can you guess where does the only Fibonacci level not presented with the BTC price level comes from? (blue field)
What do you think they will do in their next move?
Sometimes the market pushes a price a bit above or below the level either due to the inertia or to here and there confuse other players.
However, it is clearly seen from the graph how smart money is actually making the price reach a certain level and then change the direction.
Can you guess where does the only Fibonacci level not presented with the BTC price level comes from? (blue field)
What do you think they will do in their next move?
Comment:
Comment:
Played out as expected in the idea above. How far down can we go now?
As you can see we stopped by the book on the 0.5 Fibbonaci level pitstop!
Comment:
Clear whale manipulation to get rid of week hand and stop looses and confuse traders is seen from this graph: