Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Uhm. So, some people bought the whole 2400 CNY wall and minutes later the price is 2397 CNY. Hmm...
I thought price will shoot sharply either up or down after that wall disappears. But nothing happened yet. Strange.
I thought price will shoot sharply either up or down after that wall disappears. But nothing happened yet. Strange.
Yup... somebody bought from themselves in an effort to trick the market. It happens from time to time. Points like that are particularly dangerous because people change directions a time or two on a trade. I, personally, need to learn to sit out at points like that. At least I'm starting to recognize what that pattern looks like. Progress!
Progress.. yeah right!!! Who really knows what price is going to do when there are big whale manipulators that can change the direction of the price at any minute.
However, it does seem logical that BTC prices are NOT going to experience any major exponential growth until after the auction on December 4... however, even that big event is NOT any guarantee in how exactly it will affect BTC prices.
Surely, I do NOT claim to know anything about day trading.. but it does seem that we are soon going to be transitioning from a bear market to a bull market.
That sir, is a very contradictory sentence. Lol.
Sir: I do NOT understand what is contradictory about the bolded statement, unless you are assuming facts into the statement that are NOT currently present.
A person can bet on trends without engaging in day trading. I consider day trading to be attempting to predict the short term direction of the market and to invest according to the prediction. I generally just buy and hold and attempt to buy at low points and continue to hold; however, if my portfolio were in the black (rather than the red), then maybe my mindset would be somewhat different. Nonetheless, I have a lot of difficulty imaging bitcoin going below $275 again.. and it seems to me that it is more likely to go up (especially after the December 4 auction); however, I really have no clue about how many coins that BTC bearwhale manipulators have left or how much they may be willing to dump, even at a loss in order to attempt to continue to manipulate prices downward... but I certainly have NOT plans to sell at this point and likely no plans to sell anywhere below $600... unless for sure I know that there is gonna be a temporary downturn and I can buy back in at a lower price.