There is far too much correlation between crypto and legacy. What's worse is the algorithmic manipulation that I cannot ignore. Obviously, both bears and bulls should be quite pissed off but seriously it even shows similarities to the DJI on the 1hr. Just a simple observation NFA.
BASICALLY WHEN U USE HIGH LEVERAGE U WILL GET REKT BY A SCAM WICK,,WATCH OUT FOR THESE FRAUDULANT WICKS PERPETRATED BY THE LIKES OF BYBIT OR BITMEX MOSTLY BY ALL LEVERAGE TRADING EXCHANGES THAT USE THESE TO LIQUIDATE U OUT OF YOUR TRADE POSITION, SO LESSON IS NOT TOO USE HIGH LEVERAGE AND RULE OF THUMB 10X OR OVER! JUST A SMALL TUTORIAL
this is a clear manipulation by binance - CZ (binanc e CEO) to liquidate people this wick only happened in binanc e futures i feel bad for the people who didn’t have stop loss and lost money due to this scam wick.
This week is nothing but reverse bart patterns and scam wicks!
I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase.
Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes.
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