Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ParabellumLite
on 13/09/2017, 11:26:21 UTC
I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.