This is probably nothing...
I'm sure this isn't going on right now...
(Source: https://twitter.com/TheCryptoLark/status/1402052266408898561/photo/1)
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
What do you think?!
(Source: https://twitter.com/TheCryptoLark/status/1402052266408898561/photo/1)
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
What do you think?!
Oh! That’s a black hole! LoL
We need some rocket soon!
I don't know. The supposed "wyckoff distribution" that almost everyone seems to be referencing now, which took place mostly within the $50K to $60K range, took months to develop. What we see here, after the $29K local bottom is about 2 weeks worth of price action.
I'm not so sure that an accumulation would happen over such a short period considering how long they (the "big boys") drew out the distribution, but, I guess, changing around the variables is part of the game.
We should know soon enough.
Yea I mean it works on any timeframe, but yes you must be consistent with timeframes when comparing different periods.