Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them.
Who'd want to sell at this stage without buying back in? I mean, with all the good plans/news regarding BTC for the next year?
Tons of people who we're told for months we would go up like crazy and that didn't happen.
People always try to think upside mostly that is why, they don't think market means both side and any side it will move.