Explain to me how and why this happens

It's fucking liquidations on bitmex I don't know why you guys dont fucking understand this. Everyone 25x+ to try to get their losses back

that's some heavy hindsight trading though, it's not going to be as easy in practice, but it is definitely a way to trade the breakouts we're getting

Renko bb

I was thinking bitmex and the retarded gambling trades on there. Wrong?

thats not organic price discovery. reeks to high heavens that its manipulated up and down like a fiddle

easy. morons on exchanges overcome by greed and desperation open leveraged shorts. exchange trading bots up the price with fake trades, when the faggots get liquidated the bots stop and normal price discovery returns.

>trying to trade a market where whales play ping pong with the price

sounds like a good idea user

I gotta say, crypto folks don't truly appreciate how easy this market is to trade (in certain cases).

In forex, commodities, and indicies we don't often get such easy breakouts to trade. In those markets, breakouts are often ruined. People often blame larger institutions and HFT for that occurring.

Crypto is still relatively young. The breakouts tend to be cleaner. People should make the most of it while it lasts.

low volume algo trading

This. I started in forex, it's far easier to swing trade crypto in a choppy market like this. I reccomend any newfags to learn to read a forex chart before you look at crypto

how do you read the breakouts? also any resource recommendations?

High leverage dominos

You guys give funny memes so i’ll give you this one:

Barts are accumulating by whales and large enteties. They happen only in accumulating phases. Usually a bart market is when you shouls buy without worrying about the few perent up or down after because its all an accumulation phase.

Usually signals a bottom range has reached. Go look at historic bart markets, all accumulation phases.

Attached: 95A32E52-F5BD-466F-9CCA-69F6D0029074.jpg (920x1380, 80K)

It's essentially drawing lines on a chart, which are then used as trigger points for a decision to be made. It's often criticized (along with technical analysis, in general) because it's viewed as over simplistic.

In terms of the best resource I can give you: youtube.com/user/tradingwithrayner

imo, he's the best youtuber for learning how to trade trends/support/resistance, as well using multiple time frames into trading decisions

video which focuses specifically on breakouts: youtube.com/watch?v=_BBjCdVfRvU&feature=youtu.be

>The market isn't sadly determined yet by supply and demand

absolutely retarded

>mainly by speculation and emotions.

again, retarded.

also:

>not knowing that price manipulation is behind the barting

clueless as well as retarded.

it's an excellent idea predictable volatility is the best kind of opportunity.

I'll also chuck in this video which deals in how support/resistance levels are sometimes manipulated in forex: youtube.com/watch?v=TzKQwttv9IA&feature=youtu.be

anyone with enough buying power can buy up into the market and then sell down for profits.

if you buy:
> 100 at 1
> 50 at 2
and
> 25 at 3
then you can sell:
>25 at 1
>50 at 2
and
>100 at 3
all for marginal profit

>muh manipulation
The sooner you come to terms with the problem which is just yourself making a bad trade the sooner you'll be better at trading.

As for the OP. we're making barts because we've reached an area of indecision where we pump and dump between meme lines. And because we're dealing with massive ranges these end up being very pronounced.

Thanks! I'll have to give this a try and do some papertrading of the Barts.

Just the way the whales are programming their algos. The whole "bart" phenomena is just noobs who don't know what the fuck is going on

I'll also give you an example of a thought process you can use right now:

btc is in an uptrend on the 4 hr time frame right now

Attached: download.png (1270x629, 36K)

Therefore: I have a bias towards NOT going for breakouts of Support, but for waiting for a breakout of Resistance, on the 5min time frame.

Attached: download (1).png (1270x580, 36K)

My bias is also towards the long side, due to btc currently trending above the 200 sma, on the 30min time frame, which I use as a filter

Attached: download (2).png (1270x629, 46K)

Margin trading