Well...this is a change, although I don't know what to think here.
We have a curious formation in BITCOIN, just when it seemed that the asset was going to collapse with the breaking of the neck of a typical chart formation, the Head&Shoulders pattern.
14 green candles in a row, with similar dimensions and volumes, seem to be programmed on purpose but, in any case, it is not usually seen very often.
The truth is that they do not suggest anything to me, the hourly volatility seems to have disappeared and this is not the best for a trader either since we lose the sensitivity that Price Action gives you and, therefore, an idea of the strength with which the market is going...
Rather, it seems to me a rather "weak" formation that appears to want to attract some clueless person to sink him into misery later...I would not suggest anyone buy strong here, but I could be wrong.
All in all, at the daytrading level, BITCOIN doesn't seem to be the best asset right now.
We'll see how this all turns out...
I haven't seen a pattern like this before. It seems like every big player suddenly vanished from the market for a couple of hours, and the big player left had a schedule to follow to load up every hour, paying a certain amount.
Yeah, those buys seem very structured.
It's weird to see so many small green candles, but I guess the volume just isn't there. It could easily swing big once those players get involved so I guess we are just watching for now.
I think it might be someone cashing out at 100k and then doing buyback now
Bitcoin is getting stronger again, green light on
Congratulations @toofasteddie! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 4400 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP