I have set up a bot which notifies me when large purchases are made at once (1s-5m range). The recent Fantom low has attracted a lot of unusual "buying" activities. As seen on the chart, we can visualize multiple green volumes that are high above the average in the green rectangle.
I strongly believe that the price of Fantom has been affected by Bitcoin's dominance. Thus, Bitcoin has recently shown a bearish behavior. Could this mean that people are buying Fantom again?
From my analysis it's hard to find a predictable trend, however, the recent large buy could mean that big investors are rebuying entries at around 0.015.
- Can this mean large investors are seeing potential increase in the short term?
- Do these investors have knowledge about the future of Fantom that we do not?
This is very interesting and I strongly support keeping an eye on Fantom.
I strongly believe that the price of Fantom has been affected by Bitcoin's dominance. Thus, Bitcoin has recently shown a bearish behavior. Could this mean that people are buying Fantom again?
From my analysis it's hard to find a predictable trend, however, the recent large buy could mean that big investors are rebuying entries at around 0.015.
- Can this mean large investors are seeing potential increase in the short term?
- Do these investors have knowledge about the future of Fantom that we do not?
This is very interesting and I strongly support keeping an eye on Fantom.
Comment:
I wish this had attracted more people buy at this price. Now these people could potentially have made around 20-30x their investment in 5 months. Thanks to the suspicion I had I am now a 21 yd millionaire.