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RE: Bitcoin is above it's 200 MA, that means an 80% win rate and 200% returns are on the horizon
Since the volume is still a bit low, much of the price is determined by trading bots. And those trading bots are programmed to use info like the 200 day MA, so this should be good indeed.
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Yep exactly, though these were the largest volume totals we have seen in some time, but compared to what we saw during the bubble of late 2017 and early 2018, you are right the volume totals were still a bit on the lower side. Either way though, something like 17 crypto algo funds have started up just in the last 6 months, many more that didn't file I am sure, so we have a lot more bots trading than ever before is my guess.
17, that is quite a lot. People are getting ready for the move upwards or seems.
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They are seeing inefficient markets, which are exploitable by machines, so they are going for it.