$BTC Educational Chart
Swing Failure Pattern (SFP)
TL;DR:
There's liquidity (pending orders) above/below deep swing points. Price will often trade through that swing point and come back. Pros get their liquidity & traders get trapped.
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Source: https://t.co/LhaqqrulVT
To be considered a valid H&S pattern, prices must close 2%-3% above right shoulder high (or at above right shoulder high close on closing price chart - UTC time). Getting really close, but no banana yet. $BTC $btcusd
Things that pumped coins along the history:
- An airdrop.
- A Fork.
- McAfee
- Smart contracts.
- Masternodes.
- ProofOfStake.
- Community takeover.
- X11
- Wolong
- ASIC resistance.
- Added to a popular exchange.
- Syncing wallet.
- New logo.
- Pizza.
OKEX top #1 $BTCUSD contract holder has increased their position by 153,593 contracts
OKEX top #2 $BTCUSD contract holder has increased their position by 146,822 contracts
OKEX top #3 $BTCUSD contract holder has increased their position by 59,397 contracts