Quote from: richjohn on August 04, 2018, 05:25:16 PM

I don't call such markets, unhealthy.

The way BTC is maintaining its support near $6k, this shows that the market is strong at these points and there is organic volume and hodlers to support such price range. We have volume. To grow, we definitely need more volume and investors and market is still figuring that out. There is nothing wrong in market having a slower growth.

Yeah this is true. It's been behaving organically, especially if you compare it to highly manipulated assets like oil, gold or the swiss franc. Now those are manipulated!

Bitcoin tends to respect support and resistance levels more than other assets do. And it follows fibonnanci patterns quite accurately. This is what traders call a "virgin" market, meaning unspoiled by algos and institutional funds. Which is why I think futures and ETFs are bad ideas. Keep their dirty hands out of here.