Triangle is indecision, Manipulation is increasingly smelled
Hello fellas, how are you doing today? I hope you are doing well in this choppy market. In current podcast, I will share my idea about the psychological behind the triangle pattern and what can people with thick pocket do to manipulate the market. let's go!
First of all, I want to remind you again and again that bitcoin is moving inside a huge descending triangle. and as you know when the price is coming closer and closer to the edge of the triangle that is called APEX, the volume is slowly diminishing and you will realize the price volatility will get slower and slower. The reason why the volatility is getting lower is because when the price getting close to the APEX, the upper line of the triangle usually moving align to the lower levels and the lower line of the triangle is moving align to the higher levels until those 2 lines meet in one point called the edge. When the price is moving inside the triangle, a lot of traders won't enter any position because they could easily getting killed by the opposite side. That is why the risk number will getting higher when the price is close to the APEX.
**Binance and Manipulation?**
If you've read the news about binance.US launching which will provide the trading platform for the American traders. However, this could be a big deal and a big news when the price is moving indecision especially, some estimators said that more than 30% of global crypto trading is Americans. Just imagine when there is a new platform with no historical data on each coins they've listed and they open an initial exchange listing? I really think that the price will be very choppy, especially for altcoins which most of them are already in their bottom position.
In my conclusion, Anything of Binance does, is worth paying very close attention to, even if you are a US trader or not. That's why I haven't opened any short position although My bias is bearish right now.
First of all, I want to remind you again and again that bitcoin is moving inside a huge descending triangle. and as you know when the price is coming closer and closer to the edge of the triangle that is called APEX, the volume is slowly diminishing and you will realize the price volatility will get slower and slower. The reason why the volatility is getting lower is because when the price getting close to the APEX, the upper line of the triangle usually moving align to the lower levels and the lower line of the triangle is moving align to the higher levels until those 2 lines meet in one point called the edge. When the price is moving inside the triangle, a lot of traders won't enter any position because they could easily getting killed by the opposite side. That is why the risk number will getting higher when the price is close to the APEX.
**Binance and Manipulation?**
If you've read the news about binance.US launching which will provide the trading platform for the American traders. However, this could be a big deal and a big news when the price is moving indecision especially, some estimators said that more than 30% of global crypto trading is Americans. Just imagine when there is a new platform with no historical data on each coins they've listed and they open an initial exchange listing? I really think that the price will be very choppy, especially for altcoins which most of them are already in their bottom position.
In my conclusion, Anything of Binance does, is worth paying very close attention to, even if you are a US trader or not. That's why I haven't opened any short position although My bias is bearish right now.
