Re: Analysis never ends

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

makes sense. more so since this zone $ 265 - $275 is significant resistance.

If i was a whale looking to pull in more bulls, that is a nice zone to haul in a herd of them, before shooting down, surprise, surprise

And watch them drop to $230. But at what cost? And risk? P&D is getting expensive in Bitcoinland.

Uh, wut?
Price movement isn't constantly synonymous with either a pump or a dump. This is a market playing itself out, every move up or down isn't orchestrated by a band of deep pockets artificially raising or dropping the price.

I'm sorry if I read him wrong, but I thought that was what he meant.

yes, i that is what i meant, as a dig at people who attribute 'whales' for market cycles.