Post
Topic
Board Trading Discussion
Re: What is going on in the market?
by
Pumperdumper
on 11/05/2018, 16:04:22 UTC
Morning or afternoon guys!

Market is slightly picking up.

Eth went from 680 to 689 in 5 minutes.

Should be interesting to keep an eye on. Might be a green week next week.

Also - did not know this, but Goldman Sachs is getting more involved in crypto - check out the graph they show. This would explain why people who wanted to sell did so this week.

https://qz.com/1274437/bitcoin-prices-arent-reacting-to-wall-streets-plans-to-enter-the-market/


Also - another thing to note is that the market cap has gone from 413bn yesterday to 389bn today with a difference of about 14 hours in between the price changes. Seeing an increase of activity on Binance on both sell and buy sides and this can be seen by volume going up from 22ml to 31ml today. Lot's of selling occurred and now we're seeing a bit more buying.


EDIT:

OH SHIT EVERYONE!!!!

Check out any of the USDT marketplace graphs on Binance (or anywhere else for that matter)

And switch to the 1 day ticker. Hopefully this image upload works - if you look at the end of the 1 day tickers, you see the negatives are starting to expand - anyone else thinking this is a bull trap???

https://preview.ibb.co/fEm1Jy/SNAG_0008.jpg