If you wonder why people are selling FLT at 600–700 level, you need to understand the herd psychology. Most of the sell pressure is fake (I admit I used several hundred thousands to push into my own low buy orders + dumped into my walls several times). If people are stupid enough to panic, I see no reason for me not to profit from their stupidity

Just for fun, I used my twitter (~1900 followers) to expose every step during the last complete FLT cycle (900 -> 2500 -> 600 -> 2800), clearly showing the accumulation, mark-ups and the distribution phase. I even said when I sold and rebought during the exponential rise. Nevertheless, it didn't have any effect and hardly anyone believed/learned from it.


If you have brains, you would notice at least a few factors:

– FLT maintains over 100btc daily volume for weeks, the market isn't dead or dying by a long shot (just in case you haven't noticed lol   )
– Oversized sellwalls at key price levels (far from the trading price, just in case)
– Small and distributed buy orders that reappear each time after being sold into
– Spam sells (10/100 coins) to hide the whole orderbook from the MintPal / CrypTrader page