alanmasters

Dash Bounces After Stop-Hunt (Fake Breakdown)

Long
BINANCE:DASHBTC   Dash / Bitcoin
We have a "v-shaped" bottom for DASHBTC which is the area highly in light blue... This is a manufactured move by bots/miners/market makers with the sole purpose of activating stops, kicking people off their hands before moving into higher prices.

Or, you could also say that the market is looking for liquidity... Which sounds better in my opinion.

Anyway, the strong bounce now taking place is the clear signal that the bottom is in...

DASHBTC is set to move higher.

Namaste.
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Comments

"This is a manufactured move by bots/miners/market makers with the sole purpose of activating stops, kicking people off their hands before moving into higher prices."
Aren't these the same bots that drove the price up from 10k to over 40k? They are just reversing the process. How low will it go? They already dropped the price of BTC by 10k. If all they wanted to do was trigger stops, a 5k move would have been more than sufficient. The price is currently at 34k and how low will they push it down? 29k? 24k? 20k? What happens if Trump enacts the insurgency act and the stock market tanks or is shut down? He'll be going after social media companies. It will bring BTC down with it. Maybe the rats are leaving the sinking ship?
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