#bitcoin how to spot bull/bear exhaustion and manipulation Y/N
Bitcoin / Dollar BITFINEX:BTCUSD
I’ve boxed up all the voatilities of all the consecutive lows ending with round numbers with purple boders and white background. I’ve joined up all the consecutive highs with round numbers using yellow lines. Hope there are no errors.
First thing you’ll notice is that the market isn’t so manipulated anymore hence fewer consecutive round number days – just my theory.
Next you’ll notice that many of these blocks have usefull breakouts, and many signal market exhaustion at extreem highs or lows. Will it continue?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.