Judging by the pattern, one reach enough person trades his funds (at least a certain amount of them) to and forth to make some negligible profit. It is not so negligible if multiplied by the volume, however, and most of the work is done by bots anyway. This person is currently profiting from bid pressure and can indeed lose significantly if the price goes down >10%. (This is provided he going short and uses most of his funds and not just a portion). Same person, in my view, using a pretty clear visual stimulus makes bid side less abrasive than ask side just to control the indicator ‘waves’ and make a favourable (for him) impression.
Higher volatility would mean better profits but bigger risk, obviously, so the current price is somewhat constrained (at a minor loss sometimes) to keep it that way. As much as I want to think that it is a ‘free’ market, unfortunately it is too small and not diversified enough to be such. Furthermore, taking into account ‘experience’ and divergence of traders it would likely remain such unless the price raises 20x+ and all unprofessional investors are relieved of their bitcoins.
In any case I believe that the downward movement is currently aided by the significant mass of the mining community selling off their proceeds as soon as possible. Therefore the upward movement we see now is a clear bullish indicator
But this is riddled with errors..
The bitcent trades are for bots, from bots, for bots to get price without relying on the market tickers which go down constantly..
And as a miner, I dont sell my coins as soon as possible, most miners are like me or hoarding
Food for thought