Post
Topic
Board Trading Discussion
Re: A crazy day! Who can explain?
by
Herbert2020
on 17/12/2017, 07:39:44 UTC
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?

if you ever had time, go check the bitcoin charts. on there you can visibly see that a rise like this which is only a 10% rise is the most common thing in bitcoin world. it has always been like this:
-  price goes up fast and big sometimes 10% per day some times more
- then it reaches the end of the rally where price is a lot higher than when it started at
- it stops and has a little drop, maybe a tiny rise afterwards
- then the  correction starts, where price comes down about 10% and sometimes if the rally was big it can drop more like 30% tops
- and then a tiny recovery where price gains back a portion of what it lost
- consolidation where price becomes nearly stable. this can take a day or two or up to a month with bitcoin
- then rise again and the same thing repeats.