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These markets are terrifyingly manipulated
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Poast new message in this thread
Date: April 21st, 2018 10:01 AM Author: bateful university
I've been following BTC's price action over the past 6 weeks to time my entry into a couple of juicy alts.
It was basically tanking until some entity or entities propped it up in the $6k range. Then those same entities strategically pushed it up over various prices in order to "break" certain resistance levels that are important to technical traders (i.e., make everyone think that a bull market had returned).
You can see on this image from yesterday's surge that one or a couple of entities just start ripping through the order book to push the price above a certain target. Each green circle is a 20 BTC or more buy.
http://i.imgur.com/r2G6xjd.png
It could either be some holders with long positions, or even an exchange(s) hoping to get more volume back.
I don't hold any BTC, but LOL at people "investing" or trying to trade it when it is completely at the whims of a few market makers.
(http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7",#35887603)
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Date: April 22nd, 2018 3:47 AM Author: Appetizing Hall
koreans are a stronger force than any whale
koreans go batshit = market moon (especially shitcoins)
koreans panic = market tanks (especially shitcoins)
(http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7",#35892802) |
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