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EtherMinerLSO
2020년 6월 3일 오후 4시 58분

Bart Simpson meme on 4H btc 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

설명

BITMEX:XBTUSD just being iconic and printing a Bart Simpson pattern on the 4H timeframe.

To a large extend these moves are due to a lack of liquidity in the market as big bag holder aka whales are a domination force in terms of short term price action. With their large amounts of coins which they market buy or sell these moves are essential in understanding the current state of the market cycle: If price shows weakness and starts breaking support to the downside there most certainly should be a bearish bias associated. If on the other hand any form of weakness gets bought up (like we see here) it is a valid assumption to derive ones bullish bias from this conclusion.

Sorry for my retarded drawing .. couldn't find the "insert image" function in tradingview.

Cheers!
코멘트
deliciouspodo
Good drawing though
Altlantis
I agree with you the buy up from the dip is bullish.
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