Quote from: Oasisman on June 03, 2020, 09:25:09 AM

Quote from: slaman29 on June 03, 2020, 08:05:47 AM

Quote from: michellee on June 02, 2020, 08:58:37 AM

~snip~

And I guess that stable position is impossible to keep. It looked like it would break out (well actually it did break out) and then suddenly got the dump, on some exchanges even to 9200. Looks like we are really going to have to fight tooth and nail to break and keep above 10000!

That's almost automatic when there's a sudden rise of Bitcoin, there's always a pull back that follows through. Maybe because a lot of hodlers are selling at the short increase, or It may caused by the short traders.
Specially when you have a big bag of Bitcoin, pumps like that is huge enough to give you good profit, thus buy back when the price drops a certain percentage again.

When the rising is too sudden a lot of people will take the chance to make some profit, so no wonder the price wiol fall back especially we havent seen btc able to rise this high, and this situation could create a misleading news, for now people not too focus on bitcoin, they are more interested in alt coin which being claimed that could generate hundres percent of profit in short time

Indrawan77

Posts

Merits