it also shows desperate phase, they bringing the big guns out now because nothing else working
says volumes
Yep.
Also, the whales have to keep up the pressure to dump and short. Because they know that once the technicals turn upward for good, the thousands of trading bots take over and the start of a new bull run gets solidified. Then other long investors and traders start coming back in. They lose a bit of control over the float and the direction of the market at that point.
the pressure has been building for a while, but them whales got plenty of ammo
fear could intensify, multiple exchanges, legislation, that kind of shit
it lends to the strategy we have to employ of trading up and down, hodl to keep any profit driven momentum now or in the future
otherwise this pressure, if not there, i feel would see some serious new prices
eagerly awaiting the IG report (very soon, tomorrow) to see if there is any market awareness of the federal reserve manipulation under the Obama administration