Are Market-Moving #bitcoin Traders Evil, or Just Dumb?
▻https://hackernoon.com/are-market-moving-bitcoin-traders-evil-or-just-dumb-850f3dfa6186?source=
Over the past week, we have seen a couple of cases where the only way to explain the price movement in Bitcoin is if traders are dumb, evil or a combination of both. Before delving into the specifics, it is important to understand that the only way such things will cease occurring is if traders get smarter and start using tools (such as provided by CoinRoutes) that incorporate data from all relevant markets.The two examples that will be described in this note were the price drop of over $400 this past Sunday morning and a price divergence which happened yesterday morning (Thursday), where markets went in opposite directions simultaneously.Example # 1: Bitcoin plunges $400 on a Sunday morning…The technicals — BTC had a sharp, $200 coordinated rally on Saturday after grinding higher most of (...)
#bitcoin-trader #cryptocurrency-investment #bitcoin-dumb #cryptocurrency