Looking more at manipulation than technical analysis for the price movements. Extremely difficult to implement technical analysis when Whales can instill fear in the market to drive a sell off by many investors.
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There is no manipulation. There is only strategy.
Yes, whales have strategies to induce a second sell if they think there is too much floating supply. It allows them to accumulate more and to increase the power of the incoming rally.
So, you better understand their moves and follow them.
This is true what you say. You can see pattern in market behavior. Accumulation, dump, sell off, pump.
Interesting.. So you are implying there is no type of pump and dump that take place at all and news outlets being biased towards the interests of large institutiuonal players in the game.
It just doesn't make sense how a Warren Buffet headline about his opinion on Bitcoin was in the news for multiple days and even a week after to remind the public of his stance on Bitcoin
It's extremely difficult to understand the moves of millionaires that have the power of influence over the average people. To have a simple understanding of their strategy which is buy at the lowest price and sell when there are profits is all most of us should decipher at the least. The average investor will be fearful when the price falls and greedy when the price rises. Institutional investors will take advantage of that thought process every day because they know institutional investors will always be fearful and greedy at the wrong time
A lot of people on bitcointalk and reddit rant about manipulation, with constancy.
They lost money and get angry at random news, trying to find a culpable, a victim.
They are bad traders.
Agreed, I like taking advantage of it to be honest, that's the fun part haha! You either follow what they do or complain about it and lose.
They are behind all pumps and market manipulation. Because they can afford that and this what they do for so long.