Quick Lessons about Cryptocurrencies and Bitcoin
We share an example of how a large transaction can bring a significant increase in prices of about 14% within a few hours. You can also take a look at many other examples shared on the site. Certainly multiple big transactions which occur in a small amount of time may influence the price more than a single one.
Below you can see how large transactions have a significant impact on the price direction. Different purple circles mark the groups of large transactions that you can filter using “Advanced Chart”. This is another powerful tool that will guide you clearly about all the dynamics of markets and prices if you use it properly together with new analysis tools. This will help you make the right decision about the price direction.
Following a clear example of how supports in technical analysis are very important to make a choice about the price direction.