Post
Topic
Board Bitcoin Discussion
Re: Why the dump? (Dec 03, 2021)
by
ivankoh
on 04/12/2021, 17:54:07 UTC
K...just woke up from hibernation. Can someone sum up the reason for this dump?
I have scoured trying to find a few good reasons but it is clear that given the level of abuse currently available, price actions that represent such a wide breakout can be like a bull run.  However, I think it's more of a FUD pump, based on a fast race in Friday and a structural behavior in a different time zone.
The degree of a deeper bottom correction that makes the weekend candle close at which price step will really represent the market reaction and the stop structure for the rally.  I hope it can sustain at 46k6 Lol