HUOBI:BTCCNY   Bitcoin / Chinese Yuan
178 5 3
I'm not expert trader at this stuff. But one thing I keep seeing repeating is every upswing always gets capped. Whales only want to take price so high before dumping again. We had plenty of times when we could of went much higher but cause whales put 1000+ ask walls up we dont.

"But one thing I keep seeing repeating is every upswing always gets capped. Whales only want to take price so high before dumping again."

But but butt
snapshot

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+2 Reply
Maddie HerSerenity
Woaa this is looking interesting!!
Did you ever tried trading on a pattern like this?
Reply
No this is just something tiny that I noticed when looking for signs to close my short, though.. I still stick to my usual strategy (which predicts sidewards/slow down for the next couple days, no new highs for sure).
Will buy if it breaks above of course.
Reply
Maddie HerSerenity
Okidokie thanks! :)
Reply
I fully agree with you. There is a majority of short-term traders in the market now who always take profit very quick and don't care if Bitcoin crashes because of their action.
Reply
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