Anyone who was watching today so a heck of a price swing out of BTC. Price pushed through 9,000 only to give it back minutes later to begin a near-term sell off.
Shaking Weak Hands?
Many people have theories about candles like these, they press through a commonly watched level to trigger buy or sell orders only to whip right back in the expected direction.
Look at the hourly chart I have posted here. That first big volume big body red candle is a clear indication of that. Anyone who was short BTC using the most recent high as their stop got owned
BTC’s Big Volume Candles Control the Action
May 31, 2019
Published by timm
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