Think about it, big investor ready to put in billions, you slowly buy, buy, buy, a little bit but their definition, then dump it all at once, just enough to get it below support and freak everyone out. Then dump, then you buy in big time and pump. Any evidence of this? Any evidence of who started the sale to cause this?
Another thought, this looks to me a lot like Nasdaq in 2008:
http://news.bbc.co.uk/2/hi/business/8558257.stmIt's just that because the internet has sped everything up, we've had ten years worth of growth compressed into one year. Amazing how similar people are behaving in this situation.
Anyway, I'm bullish.. thoughts?
Rather than a lot of people seeing the bright picture now, there are basically shitting in their pants out of fear. Institutions with the way I am looking at it, are basically preparing for the Bakkt launch to use it as a catalyst for a rally, and with the way things are going right now, considering the fact that Bakkt launch has been postponed till December, I won't be surprised to see the market dwindle sideways after hitting a huge bottom before then. But of course, we all know institutions will never be picking a market that is high, they will want to drive it as much as they can until they are satisfied for a huge entry, and most of it all, all these is done via the back door.