I noticed traders are able to manipulate chart patterns with super low volume. Just need some whales to come in like last week, and blast off.
Yeah, I go back and forth about this. It's kind of a chicken & egg question. Do whales write obvious patterns to signal to smaller traders what their intentions are? Good question!
Another good question is - are whales all on the same team or do they try to fake each other out?
ask, is it more profitable for whales to screw with the small guys in a group or alone. Nothing else matters 4 them. All the naive hoopla about freedom from banks etc is for small guys
I think for the large swings this is true but for the day to day trading the medium sized whales do a lot of fighting and OTC shenanigans. It's definitely tradeable if you're cautious.
What happened to 0.382 0.5 0.618 0.786 0.886 1.618 1.27 1.618 as I understand it, if those are not there, you have no pattern / harmonics
$575 is .886 of the top and completes a bearish bat.
