Yesterday BTC price fluctuation was so high that many dervatives traders got liquidated and spot traders also scared of upcoming worst bottom prediction.
But at the level of 18K, BTC price rebounded and then increased very fast getting thorugh 19K and then 19.5K.
As of 2:40 A.M. EST Oct 14 2022, BTC price is around 19.8K.
Yesterday, in the middle of the bear market rally that made all general investors scared, there was an large scale long position in Binance right after crude oil inventory.
We can see the peak value on Taker Buy Sell Ratio.
With many raw data and value added(trying to add value, but still not sure the real value) data, some immature analysts try to analyze the reason of price changes and predict future price movements.
But I think many of them do not know the core point.
Data in this fast chaging market should have real value if the data reflects the effective time range that could be valid.
If we try to do short term trading, the data expiration time should be very narrow.
Do not stare at the liars. It is highly required to listen to valuable advices and then find OUT own way to make your game.
Hi! I just curated your content!
If you like, please take a moment to vote for my witness. 🗳️ https://blurtwallet.com/~witnesses?highlight=outofthematrix