bigger price drops supported by lower volume means accumulation?
spyxo2x
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@kryptoman6, much higher buying volume than selling volume, but price difference is the same. Means more BTC was bought, but no difference in price. I think that's called accumulation
kryptoman6
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@spyxo2x, i would think of it like this.same price differrence but more bullish volume was needed for a spike like that so id say bulls are not that strong as bears?
spyxo2x
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@kryptoman6, True, but what if it's one whale? As a result he has more BTC than he started with before the green candle - but at the same price. So now he can accumulate again when everyone is bearish - resulting in high buying volume but "low" price spike. Or do I understand something wrong here?
@spyxo2x, Tbh i think the most whales bought behind the curtain week ago so it wont change the actual price, theyre just gon manipulate the price and wait till fear dissapears and real people start buying again so they can start selling
spyxo2x
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@kryptoman6, Yeah, but they won't be selling at these prices..
@kryptoman6, maybe even higher as in2014 with big bull trap
spyxo2x
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@kryptoman6, Yeah, the 9000s zone would set a lot of bullish alarms off.. Perhaps they will fake a bull trap - make it seem like it's going down and then when people start panic selling, they'll push the price up to 12k faster than most can react.
They know that people are aware of the manipulations, so they can play with it.