Post
Topic
Board Speculation
Re: What is happening?
by
wuvdoll
on 16/11/2018, 18:48:40 UTC
$3000 seems pretty logical. if the current bounce ends as a lower high and the dump continues, we should form a pretty strong bearish trend. $3k is a major support level from 2017. lots of bulls will be waiting to buy there.


True. $3k is the price from August 1st, 2017. It was when BTC was forked, for the first time.
That is actually the price that if we manage to hit right now, I will pretty much be going all in on the market and even with anything lower than that, I might even end up borrowing to buy more Grin. Just kidding with the last part though! However, there might be some temptation to want to do that. Nonetheless, what is happening right now is what I believe as a manipulated movement as honestly that was not expected at all, but of course, we all know this market is practically a whole lot speculative, so in a way, I won't be surprised to see the whales trying to make a further attempt to make the weak hands get lost.