WATCH the strong support area, price action is testing the support and resistance line. Oscillator divergence looks positive for bullish signal. Make sure to wait and confirm before you jump in.
Meanwhile in the news - It came as a news flash, that announcement by CoinBase that they will support ETC in the coming months. The news triggered a capital rush into a cryptocurrency that was there from the very beginning and still soldiering on as they build their legacy Ethereum coin burn blockchain adhering to the spirit of decentralization. ETC is now in the top 20 with a $1.45 billion market cap and with the new found attention, it might soon find itself shoulder to shoulder with Buterin’s Ethereum and Bitcoin Cash.
I'm interested how the bullish movement that happens in the BART shaped Chart structure is very obviously influenced by either a big holder of coins or perhaps a exchange or network of exchanges. Recently we found that there was a report put out about potential price manipulation of Bitcoin via the printing of tether as I'm sure many of you are aware… However I think it's safe to assume that such practices or similar ones are still occurring on a more undercover level.
Rather than be afraid of this or run away from the market I look at it as a type of Novel market-making. Yeah with this in mind I think it is important to understand how these recurring extreme vertical bull moments Are not simply injected periodically in a predictable way but actually have an asymmetric phase.
The non pumped, Organic times of Bitcoin seem to indicate an uptrend however the frequent sudden sell offs in large volumes keep that uptrend repressed because the velocity of the is so strong That it shakes out many holders..
Theses step shaped motions up and down are highly indicative of an accumulation.
Rather than be afraid of this or run away from the market I look at it as a type of Novel market-making. Yeah with this in mind I think it is important to understand how these recurring extreme vertical bull moments Are not simply injected periodically in a predictable way but actually have an asymmetric phase.
The non pumped, Organic times of Bitcoin seem to indicate an uptrend however the frequent sudden sell offs in large volumes keep that uptrend repressed because the velocity of the is so strong That it shakes out many holders..
Theses step shaped motions up and down are highly indicative of an accumulation.