@jomojm@ZssBecker Once we break $42k we are going to have an influx of buying and recovery momentum that will bring money in. They can't break the market or move it drastically and they need that money coming because they are using other people's money and have to make a profit on it.
@jomojm@ZssBecker@jomojm If the short-term trading value of Bitcoin is volatility to the upside and crypto traders risk more to attain it, the market has to deliver or we would just take our money back to the stock market and buy Apple or Palantir.
@jomojm@ZssBecker This brings this chat full circle, the liquidity is in zones on the way up to recover the red candles on the left by building longs from the lowest prices. The daily cycle is complete when they arrive back up to at least $63544 bucks. Some will call it a whack off pattern.
@jomojm@ZssBecker He's awesome and the only one other than Mr. Becker riding on his keen insight into technology that I find is worth paying attention to. I hope he starts to pay attention the TR streams too. Thanks for the chat! @jomojm
@jomojm@ZssBecker Mr. Musk legitimized, then delegitimized instiutional adoption rather quickly allowing the crash to become an opportunity point for the market makers to exploit. Which is why I have no doubt we are going back up. The pools of liquidity are up there to be acquired, that's for sure
@jomojm@ZssBecker I think the key is this market is unregulated currently. Take Cathy Wood's assessment, if every institution treated BTC like programmable gold it would force a stabilization and force the price up through institutional adoption.
@jomojm@ZssBecker Also check out the Trader's Reality youtube, he's literally the only guy on youtube who teaches this stuff and the irony is the technical analysis 99% of the cryptospace teaches is what they use to trap us, the fibonaci retracements, support and resistance levels, etc
@jomojm@ZssBecker If price is dropping, they are actually buying longs at the lowest price, if it's rising, they are planning to go short at the highest possible price. It's counterintuitive and takes a minute to wrap your head around but you can trade this behavior on the smaller time frames.
@jomojm@ZssBecker There's an indicator you can use called Trader's Reality MT4 style for trading view that I use and it maps out the high volume "vector" candles which essentially show a footprint for their intentions.
@jomojm@ZssBecker The stops are visible, when you put a stop order in the markets on most exchanges itΒ΄s visible in the Orderbook. They use high-frequency algorithms to sort it and execute adaptive behavior based on what's there.
@jomojm@ZssBecker Their trade affects the price because they have really deep pockets and launch millions at a time. They use the news to move price so it seems like it's the natural ebb and flow of the market. It sounds like a conspiracy but once you see it, you can't unsee it, then you trade it.
@jomojm@ZssBecker Notice the large candles close together that are sending price down fast and then immediately back up. This is not natural at all. These are algorithms meant to blow out positions held by retail traders to force an automated chain reaction of selling behavior.
@ZssBecker MKR has been pumping which is a good sign alts can trade well away from the pairings independent of Bitcoin. If they favor higher prices it's not because there isn't money flowing in it's because there are pools of liquidity on the way up to $42k and there are. Get ready.