Looks like we'll get a double top around $575 and then dive back down to the 400s. Below the pitchfork I'll be looking at ~$460 to buy back in. https://www.tradingview.com/x/ZbZgadDS
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.
