$BTC Stop Loss triggered before a pump? Why this keeps happening
Lately more and more people are getting stopped out, right before the larger volume spikes. If you don't believe that go look through twitter over the last month, seems like everyone in the market has tweeted out that they had been stopped out at lease once, many right at these bounces.
It seems people aren't quite grasping whats going on with the markets right now and writing it off with the ole "thats crypto" and moving on.
But I have a much better explanation.
These pushes below support lines bring huge buy volume, causing a quick turn around. So what is happening is a push below the stop losses, triggering sells, and allowing increased liquidity so more buys can occur at these levels.
Your probably getting played if you sold into these.
It seems people aren't quite grasping whats going on with the markets right now and writing it off with the ole "thats crypto" and moving on.
But I have a much better explanation.
These pushes below support lines bring huge buy volume, causing a quick turn around. So what is happening is a push below the stop losses, triggering sells, and allowing increased liquidity so more buys can occur at these levels.
Your probably getting played if you sold into these.
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