Altcoin_Ninjas

is there a pattern behind the larger BTC pump waves?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Looking at the 1 day candle here in BTC USDT on binance we are observing a potential large movement incoming.

Do you recall our prior discussion about the "types" of trading sentiment active during periods of time and how the whales often work on slower time intervals than the common traders? If not check out our brief discussion of the types.

Well, we are wondering if we can test this theory by making a prediction about what happens over the next 3 days for BTC as there appears to be some conditions aligning for a good test.

In this case we are looking for the daily chart to find some key points here regard BTC . Specifically we are talking about 4~5 day periods of upward movement at specific angles followed by pumps.

However we need to clear this next daily candle on the green...
Or do we?

Judging the action of crypto by the candle is difficult as this market is irrational and often based purely on speculation and psychological forces rather actual market forces..
Or is it?

One could alternatively consider that if they held a significant stake in crypto economy at large that they would want to use their asset to help "market make" rather than just having it sit idly and do nothing... This is in essence standard procedure in normal markets, though regulated.

I do believe that people often underestimate the power that larger wallet holding groups have and that they miss the role they play in moving the market. Crypto is highly manipulated in this regard. You could imagine that we are dealing with a market where everyone who is a big stake holder has the opportunity for insider trading in a purely speculative fomo based market. Yet there is also foreseeable future real value that could blow up so immensely that it keeps people in the game searching for profits.

For this particular charting what we are looking at is a break down of chart elements consisting of,


Upward movement over a period of 4 days
angle of trend above 49
timing in close proximity with phase matched to prior moves up.
easy susceptibility of traders to fomo at this time due to recent BCC rush.


So we make a theory, to try to understand what is going on with BTC .
Rather than predicting the price we are focusing on what mechanisms are controlling BTC price movement because there is certainty that it is not purely the mass traders but that there are deeper controls and manipulations.

We expect another big move soon.

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