Hello sorry can a seasoned trader explain me please what is the meaning of ''painting the chart'' ?
Every market is manipulated by the guys with big cash, so please don't say ''bitcoin is manipulated''
every market is manipulated
Well in the chart of bitcoin we went from almost 14k to 11k t 15minutes chart like if someone cashed out and market sold lot of bitcoin just ''to scare'' the buyers
I don't have the chart but it's a long red candle probably market sold
Is this the mmeaning of ''printing the chart''? Is it a move of the whales to trick the retailers? How could I distinguish between a sell of out of general fear from market partecipans, from the ''painting the chart'' ? Is there anything I could look at (volume, indicators, order book) in order to distinguish between a general sell off from the painting the chart?
Every market is manipulated by the guys with big cash, so please don't say ''bitcoin is manipulated''
every market is manipulated
Well in the chart of bitcoin we went from almost 14k to 11k t 15minutes chart like if someone cashed out and market sold lot of bitcoin just ''to scare'' the buyers
I don't have the chart but it's a long red candle probably market sold
Is this the mmeaning of ''printing the chart''? Is it a move of the whales to trick the retailers? How could I distinguish between a sell of out of general fear from market partecipans, from the ''painting the chart'' ? Is there anything I could look at (volume, indicators, order book) in order to distinguish between a general sell off from the painting the chart?