The crypto market is heavily manipulated by automatic algorithm computer traders, which causes to pump with injecting significant amounts of money, and wait until people FOMO, which I did as well. After that, bots tend to DUMP everything and so do people.
You can notice the price surge in the chart. They tend to go up and back down in a matter of minutes.
Elliott waves? RSI? MACD? FIB? etc...
Do they really work when we can't predict when bots and whales are pumping and dumping?
Guys, just look at volumes. SIMPLE. It's a psychological & computer algorithm game.
When price dumped, they buy it back in. The cycle returns to the mean. So, why bother day trading? Are you brave enough to play with the whales and bots together and make profit? Be careful out there with day trading.
You can notice the price surge in the chart. They tend to go up and back down in a matter of minutes.
Elliott waves? RSI? MACD? FIB? etc...
Do they really work when we can't predict when bots and whales are pumping and dumping?
Guys, just look at volumes. SIMPLE. It's a psychological & computer algorithm game.
When price dumped, they buy it back in. The cycle returns to the mean. So, why bother day trading? Are you brave enough to play with the whales and bots together and make profit? Be careful out there with day trading.