The only thing that worries me is that during the weekends, when the stock market is closed, it seems the big institutional money is being traded by bots that put spoof trades into the market which are new executed but just drive prices and sentiment up and down, so there is no real way of judging the real level of supply and demand. Is this a problem you find and are you able to get round this ?
This is crypto. Nothing is set in stone. Im sure a lot of institutional traders still trade on the weekends in crypto. I dont think that is bots doing those large spoof orders you see on Bitfinex. I think they are doing that manually. I think most of the institutional bots are accumulation bots so they arent noticed when they are loading up their accounts and selling off large position.
Thanks. Can I ask what the website or software is you are using in the video? Oh, and do you think George Soros will be going long on btc, or shorting it on the futures? What’s your guess? Are these bull traps we see in the killing zones? When do think the otc trades are most likely to take place?
Sure no problem. Here is a link for Free account for charts and technical analysis Tradingview
http://bit.ly/trading_view
I dont follow the whole news things to be honest. Charts never lie to me so thats what i trade. OTC has nothing to do with this. They are private and off the books so it doesnt effect the market slippage. Not sure on the bull traps I would have to look at specific ones to make that determination