This is my alternative idea after watching months of how
BTCUSD
has been moving.
I am seeing a lot of bot action. One of those bots is especially powerful, able to to move market up and down around 1500 points, but not more. That is the reason why we suddenly, without any good reason stop pumping or stop dumping. Such sideways action is very profitable for bots and I am not so surprised why we are seeing it now. Analysing bot movements and following "bot trend line" could give us perfect entry and exit points as well.
Nevertheless, trend is slowly moving up as there is still strong demand around trend line. I believe it will be respected until next parabolic run in the future. Without catalyst (like serious FUD), it is hard to see
BTCUSD
around 6.5k anymore. Sell volume already dropped a lot as most retail investors sold when we moved from 19k down to 6k and from 11.5k down to 6.5k.
This idea is invalidated if we drop below the trend line or if we have parabolic run over 13k.
BTCUSD
has been moving. I am seeing a lot of bot action. One of those bots is especially powerful, able to to move market up and down around 1500 points, but not more. That is the reason why we suddenly, without any good reason stop pumping or stop dumping. Such sideways action is very profitable for bots and I am not so surprised why we are seeing it now. Analysing bot movements and following "bot trend line" could give us perfect entry and exit points as well.
Nevertheless, trend is slowly moving up as there is still strong demand around trend line. I believe it will be respected until next parabolic run in the future. Without catalyst (like serious FUD), it is hard to see
BTCUSD
around 6.5k anymore. Sell volume already dropped a lot as most retail investors sold when we moved from 19k down to 6k and from 11.5k down to 6.5k. This idea is invalidated if we drop below the trend line or if we have parabolic run over 13k.
