A Speculation about the community manipution on BCN price
I'm learning trading once 2 months and it's exchange tools. In recent days i'm trying to operate with small amounts of BCN to USD, and vice-versa, and I made some graphical analysis. So, i'm not speaking as a professional, before, as amauter trader that made some small profits (starting from 1000 BCN to 0.14 USD plus 4000 BCN).
In trollboxes, widgets of communication between traders managed by large exchanges, a lot has been spoken of a "pump" - that through the studies I understand, initially, as an exponential growth of the sale price, followed by a big "bump" (as the name suggests, an exponential fall in the purchase price) - of the BCN in october 16. At the same time, many traders are skeptical, based on the understanding that the news of the "pump" is, in essence, a viral speculation that creates a chain of purchases, increasing the price as a function of the time in which the news spreads, and the initial link that spread the news profits through high sale and low purchase.
After conducting a graphical analysis with the tradingview platform, through MACD, and analysis of input and output periods, over a period of approximately two days, divided into 15-minute windows, I made speculation about the price incresing manipulation, with time and peak price that may works as 'Trigger' to that pump (or bump?). In addition, I could also speculate future trends in the periods of falling and rising prices, so that a confluence in the sinusoidal phases indicates the possibility of pretty high future pumps .
In trollboxes, widgets of communication between traders managed by large exchanges, a lot has been spoken of a "pump" - that through the studies I understand, initially, as an exponential growth of the sale price, followed by a big "bump" (as the name suggests, an exponential fall in the purchase price) - of the BCN in october 16. At the same time, many traders are skeptical, based on the understanding that the news of the "pump" is, in essence, a viral speculation that creates a chain of purchases, increasing the price as a function of the time in which the news spreads, and the initial link that spread the news profits through high sale and low purchase.
After conducting a graphical analysis with the tradingview platform, through MACD, and analysis of input and output periods, over a period of approximately two days, divided into 15-minute windows, I made speculation about the price incresing manipulation, with time and peak price that may works as 'Trigger' to that pump (or bump?). In addition, I could also speculate future trends in the periods of falling and rising prices, so that a confluence in the sinusoidal phases indicates the possibility of pretty high future pumps .
Trade closed: target reached:
So the target reach :)