Just a few moments ago, there was a change in the patterns of what the overall robots are doing. They use a lot of different indicators to switch into different modes, but for lack of a better term, we could say that the robots have a "sentiment" and we could use this term to describe something similar to what we might say the overall "sentiment" of human market traders share, but when we use this term when regarding the autonomous software programs that are running out there trading on behalf of entities like individual programmers and conglomerate mega-corporations, we can say "sentiment" and mean the overall prevailing "mode" that the largest and most influential trading bots have all generally shifted to.
So, if for the past couple of months, the bots have generally all recognized that the markets are on a downward trend, and now in the last week or so these same bots (of which some are aware of other bots; some are not) have become aware of the massive fluctuations caused by the Dogecoin and Shiba Inu run through the gauntlet that we've all just witnessed, which has caused a cascading effect among the trading bots, and which has now caused many of the human operators to take their bots offline due to unforeseen over-estimations and untimely purchases and sells.
Oops. Don't lose heart, though, if you're one of these people. You can sure understand the good news of what I'm about to say, regroup, and join us all for the ride to the Moon.
At each of the preceding "Moonshots" that have happened since Bitcoin has existed, there were profound dips in value of Bitcoin, and as other altcoins became intrinsically tied together with Bitcoin as they grew, they all for the most part shared these dips in value when they happened, just before inflating with sudden interest and then later the presumptuous and foolish cash that gets fed through the fear of missing out, just at the top of the value peak.
Based on everything that I've seen happen before, and what I'm seeing right now happen in the markets, I am basically 99% convinced, as convinced as I can be right now, that we are in the exact preceding 'dip' in value of cryptocurrencies, which will come just before the next Moonshot begins.
In other words, I believe, and I have written about this in several other ways in previous posts, that we are imminently about to experience the next great rise in value in Bitcoin and consequently the rise in value and great fluctuations in value of all the coins that are traded regularly with great capital invested.
Everyone has various different strategies for being successful in trading.
In today's day and age, in the world we are in, in these markets in which we have the time and resources to trade in, it is worth knowing as much about how they work as we possibly can understand and be satisfied knowing.
If you happen to understand computers and programming and robotics and algorithms and mathematics, and you can conceptualize that there are numerous autonomous machines out there on the internet programmed to maximize profits as efficiently as possible, using exorbitantly-funded accounts to develop and operate with, and if you happen to have the time and ability to sit and watch moving charts for hours on end, you can learn the patterns of the trading bots as they come and go, and you can even learn to recognize the patterns that emerge when bots spin up and stop operating, and other bots activities become more pronounced. You can even learn to recognize bots and patterns that you've seen before, when they re-emerge during a later session.
These bots are designed by people who are hungry for more money. They can therefore be defined by a few bottom lines, and then understood from there up.
The more you can think like a programmer or a person who is employing a programmer who builds one of these bots, the more you can recognize their patterns and somewhat guess their influence on the markets in real-time trading. This is fun to do when it works, watching the markets fluctuate to predictable and rapidly-changing patterns, capitalizing on the moment-by-moment gains that are made available by trading within the same value range two, three, four, sometimes ten or more times in a single hour, and making profit with each trade. It is fun at time, and flabbergasting at times.
It's not that one robot controls the prices of the markets, but the influence of all the robots together, plus all the people trading at the same time, is something that is volatile yet in portions predictable. Some people seem to be unable to pronounce the future of where their own two feet will land, while others are good at predicting the weather. I happen to be good at walking, weather prediction, and trading cryptocurrencies, and although I learn lessons and make mistakes, each experience goes towards my overall understanding of how it all works, and I'm glad to be able to have the freedom and flexibility to make trades and gain profit from them.
This is all in the backdrop of knowing that at any moment, your cryptocurrency may become unavailable, for one reason or another.
Just today, yesterday, the FTX exchange stopped operating, and has apparently only been intermittently functioning, and it's closely related to a public conversation between FTX and Binance executives, where Binance was going to purchase FTX, but then backed out of the deal on the day they were to acquire FTX, and now FTX is tanking. Just a little while ago, Justin Sun of Tron said he is working on a solution, so it is possible that FTX is going to be funded again, but right now, their holdings are down to less than 30% of what they were 48 hours ago, and people began cashing out more and more rapidly, and they had to shut down withdrawals. They also put a notice on ftx.com discouraging people from depositing anything, and alerting people that withdrawals are currently disabled. FTX is where I primarily trade, and I got my crypto out safely before losing it to any disabled withdrawals.
I am very glad that I'm not here telling you that I just lost access to all of my crypto!
