It was a pump and dump. I thought that was obvious. LOL
What surprised me is they are taking it down after only a few hours. Normally it goes sides ways for a few days. THis bart head is only visible on a 5 minute chart
EuroMotif
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@BDG, Pump-n-Dump indeed!
Same thought here, very thin Bart head.
Not even trying to fool top longers into holding like they usually do ....
BDG
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@EuroMotif, indeed. I caught it last night with a long at the bottom, and this morning with a short. I missed the exact top because I slept in. I also shorted XRP because it follows BTC like a puppy dog. Today was one of my better days. It makes up for the misses. :-)
@EuroMotif, I suspect theres some way they make these wick taps the extremes very profitable have you checked the fibs aligning with the Coinbase 'anomaly flash crash' it seems they just bought what was used to get up there if you line up a few of the important taps a 1:1 buy sell ratio always appears, no exceptions..
I have a TA somewhere if you can't find what I describe, but i'm sure you will...
It's structured in a way they can afford to invert a zone /mix it up etc, but most of the time don't need to as it is very well balanced..If you think this is trader supply demand, I think not...
EuroMotif
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@kobal_TT, Agreed.
It was an exact round trip, like to the $1 !
I guess "Wyckoff distribution" on hyper speed.
Accumulate, Markup, Distribute, MarkDown, all in 2 hours , wow!
And yeah, they almost always follow fib multiples....
kobal_TT
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@EuroMotif, Ah I'm so happy you see it too..! (no need for tinfoil hat, what a relief :))
Yes it's so blatant and common it's like a general blue print for a strategy to work from key 'Anchor Zones' and think future moves could be extrapolated...
I'll link a screenshot to some recent wicks I added vertical lines to after inspecting todays move including the Coinbase 'flash crash' level, which gets multiple 'pings' here:
dropbox.com/s/dhe3b6nqg8djpfy/Screenshot 2019-12-04 23.56.30.png?dl=0 The seemingly ever perfect symmetry with past and future 1:1 buy sell zones, one for body AND one for body + wick always..(the wick zone and range seem important and integral to the overall strategy)
@kobal_TT, hehe, no tinfoil needed :)
and interesting use of fibs with the stacking concept, I will have to check that on various charts now. thanks!
kobal_TT
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@EuroMotif, Yeah , just remembered this technique I learned here on TradingView, (who ever you are , thanks..) Works well on 15min, 30 min Timeframe will dm you a link with some experimental ta and more on this.
Salvatorelucania
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It was a obvious manipulated price pump..can't believe that so many buyers fell for this one
What surprised me is they are taking it down after only a few hours. Normally it goes sides ways for a few days. THis bart head is only visible on a 5 minute chart