Bitcoin computer controlled push down Sat 19.5.17 13:00-16:00UTC
Hi
While looking at the charts I sometimes spot some funny or interesting patterns or movements and I try to share some of them.
Price manipulation is the norm in crypto and I'm still trying to understand how to react to it.
Yesterday (Sat 19.5.17) between 15:00 and 18:00 the price was pushed down from 7400 to 7200 following straight lines, possibly with the intention to trigger some long liquidations. In fact, in the relatively low volume phase there where two drops with noticeable sell volumes (both following a small bull trap). In both cases there were buying orders waiting 100 points below. After release the normal (natural) up and down resumed.
How do you trade in such situations?
Likes are very much appreciated!
While looking at the charts I sometimes spot some funny or interesting patterns or movements and I try to share some of them.
Price manipulation is the norm in crypto and I'm still trying to understand how to react to it.
Yesterday (Sat 19.5.17) between 15:00 and 18:00 the price was pushed down from 7400 to 7200 following straight lines, possibly with the intention to trigger some long liquidations. In fact, in the relatively low volume phase there where two drops with noticeable sell volumes (both following a small bull trap). In both cases there were buying orders waiting 100 points below. After release the normal (natural) up and down resumed.
How do you trade in such situations?
Likes are very much appreciated!