Forwarded from Stratton Trading News .RU
Forwarded from Stratton Trading News .RU
#MARKETINFO
Bitcoin quickly fell to the local low at 6550 then moved into lateral path and returned back to zone 6800 - 6900 as quickly. The nature of such manipulations with critical price levels are designed to provoke frightened coin holders to close positions, which in turn serves as liquidity for a large buyers and allows them to buy at a lower price. The global nature of this situation is confirmed by the fact that this "maneuver" was also repeated by all top alts.
The appearance on the chart of such actions indicates that the "smart money" has moved from waiting to an active phase.
Bitcoin quickly fell to the local low at 6550 then moved into lateral path and returned back to zone 6800 - 6900 as quickly. The nature of such manipulations with critical price levels are designed to provoke frightened coin holders to close positions, which in turn serves as liquidity for a large buyers and allows them to buy at a lower price. The global nature of this situation is confirmed by the fact that this "maneuver" was also repeated by all top alts.
The appearance on the chart of such actions indicates that the "smart money" has moved from waiting to an active phase.