Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Some analysis...
The dip is in. But it is quite interesting.
It is very low volume in general.
A bit higher volume on Coinbase (makes sense, and also screw Brian Armstrong the bastard).
But in the end this is a non event... literally. The reason we are dumping is because a lot of fishes expected the "omega candle".
The news today is net good. And the market is going down. This is how the smart people make money, while people like me just watch.
The dip is in. But it is quite interesting.
It is very low volume in general.
A bit higher volume on Coinbase (makes sense, and also screw Brian Armstrong the bastard).
But in the end this is a non event... literally. The reason we are dumping is because a lot of fishes expected the "omega candle".
The news today is net good. And the market is going down. This is how the smart people make money, while people like me just watch.
Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.
As long as those weak kind of "investors" are participating to a good extent, this will continue.
One can use this kind of insight, to set buy orders on a dip, which wouldn't be guranteed to always get triggered, but most time it should.
You may be feeling bad while only watching, but then you can also never be one of the losing hands in this market.
I understand that you don't like the fact that smart money is winning, but what can you do about it?
If you can't do anything about it, why bothering?
I miss to find the gain(s)
