Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
windjc
on 17/04/2014, 09:54:32 UTC
Huobi at 496...  stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.

How was it falling?

And how is panic selling because of yet another China anouncement a natural correction?

The problem is the rally was not a "natural" correction. It was another oversold situation just like 710. Everyone was so sure we were going to the moon.