{"id":430420,"date":"2020-07-12T14:56:00","date_gmt":"2020-07-12T14:56:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=430420"},"modified":"2024-06-11T14:05:04","modified_gmt":"2024-06-11T14:05:04","slug":"bitcoin-btcusd-darth-maul-sunday","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-btcusd-darth-maul-sunday\/","title":{"rendered":"Bitcoin BTCUSD Darth Maul Makes Sunday Morning Anything But Easy"},"content":{"rendered":"
In traditional markets, weekends pause for a moment of peace. Not Bitcoin<\/a> and the rest of crypto, however.<\/p>\n Weekends are often when the most alarming moves occur, due to relatively low liquidity and trading volume. That\u2019s why it shouldn\u2019t be a surprise that Bitcoin pulled a \u201cDarth Maul\u201d this morning and stopped out traders on both sides of the fence.<\/p>\n <\/p>\n Just moments ago, during the early hours of Sunday, July 12, Bitcoin price BTCUSD in five minutes spiked nearly $100. The move just five minutes later was countered by an over $150 drop.<\/p>\n The resulting candle is affectionately called a “Darth Maul” by the crypto community, in reference to the Star War villain<\/a>\u2019s unique, double-ended lightsaber.<\/p>\n This type of move is just a form of a stop run to both sides with an especially cool and culturally relevant name.<\/p>\n It is designed to trigger the stop losses of traders on both sides of the fence and usually precedes a large breakout.<\/p>\n Related Reading | Bitcoin Volatility Reaches Low Set Ahead Of April 2019 Rally, Will History Repeat?<\/a><\/strong><\/em><\/p>\n BTCUSD has been trading sideways for several weeks in a row now, and volatility is at historic lows<\/a>.<\/p>\n Traders are getting into position, but thanks to moves like these, they aren\u2019t staying in them long.<\/p>\n While traders and investors are out tending to personal lives, their homes, or running errands, it leaves behind a low liquidity and low volume environment in the crypto market.<\/p>\n It allows for Bitcoin price to move more sharply with less capital. This type of environment is a whale\u2019s ideal opportunity to shake the market out of position before making a move.<\/p>\n <\/p>\n It results in moves like Darth Mauls, Bart Simpsons, and other movements designed to surprise traders and shake up price action.<\/p>\n Darth Mauls as we saw today<\/a>, run a stop with a sharp move up or down, followed by a move in the opposite direction, leaving behind the lightsaber like candle.<\/p>\nBTCUSD Darth Maul 5M | Source: TradingView<\/a><\/pre>\n
Sunday Morning Bitcoin Stop Run Wrecks Weekend Traders<\/h2>\n
BTCUSD Darth Maul 1H | Source: TradingView<\/a><\/pre>\n
Darth Maul, Bart Simpson, And More: What Are These Wild and Wacky Price Movements?<\/h2>\n