That it is being completely manipulated by a single actor. Dude is just painting the chart however he wants. Currently he is creating a parabolic formation.
I've also been seeing people trying to do TA on this coin and laughed at how everyone was wrong.
TA doesn't work in crypto. Nobody watches charts this long so they don't see that the cause of these lines is because one person wanted there to be lines.
The parabolic formation is going to trick people into using TA and say "it's parabolic!" which will be a self fulfilling propehcy.
Benjamin Russell
Research isnt done on biz
Isaac King
I watched for four hours straight and came to the same conclusion. Daytrading small volume coins is a losing proposition.
Christopher Jackson
I tried watching for 100k hours but I didn't know the coin name
Ian Long
Knobchild, which chart do you refer to?
Juan Reed
My opinion is that as crypto grows, it'll become harder to manipulate. In huge global markets, it's much harder to manipulate things, high frequency does sometimes result in inadvertent (or sometimes purposeful) dips, but it's not occur everyday.
Another belief I have is that, as a market grows, buyers and sellers look for a "language" to communicate with. I think that's why TA is helpful, in that it provides a structure for which a market carries itself. And you need to learn this language.
Crypto is still relatively young. As more money flows in, and manipulation becomes harder, the market will develop the same structure seen in global markets.
The best thing for most of you cryptofags to do is to pay attention to volume, and focus on dips /peaks and trends.
Leo Rivera
*high frequency trading
Isaiah Morris
Telling you could mess up my research.
I will reveal later today as the chart takes shape and prior to the launch.
One clue is that the coin is beginning to round out. Will trade sideways for probably 6-8 hours. I will return with the same post picture before it takes off.
Cameron Sanders
This is true for all coins when whales are moving the price. Any clues for user's with a brain to know which is said coin? The smart ones can figure it out and know they shouldn't share.
Jackson Nguyen
Heres a clue.
The range between buy and sell walls is enough to make 24 dollars if you had $500 invested into the bottom range and sold at the top.
