Let's take a look at those strange market moves....
Since I have started trading cryptos, this sort of view I have seen few times, but I can tell this is very very rare occasion when the whole BTC supply being wiped out.... and the price has a massive gap, falling in a free fall. Ofc this is Bittrex charts I am watching, to see full view we need to look at the other exchanges too....
This morning looked very different from the last 72 hrs, when looking into CoinMarketCap... The BTC and most of the crypto prices were in the green zone. So looked like some bounce back will be visible today. But as we see it now, maybe that was just a "bull trap" and some people bought "the dip", and got cought into this slaughter. Following Tone Vays analysis, and his predictions that this Bear market will last, because some indicators still being stronger on sale side, I believe more and more in some conspiracy theory: the market is manipulated. Who does that? Why do that? And many more questions can arise... but the answer is clear why they or he/she is doing it: profits!
If someone would say: all this market manipulation conspiracy is absolutte nonsense... I will ask for some factual proof that it is possible that the whole BTC supply would be gone just in matter of seconds, and the buyers are just not there. When this happens in real life, for example Dow Jones or any other exchange in the world, the regulators are ringing the alarm bells (remember the flash crash? Someone went to jail for causing that....).
Looking into hourly chart, once again looks like price found "the floor". Some people already buying the Bitcoin. But let's take a look at two days chart.
Now you see what I mean. That straight after some price "short consolidation" follows another dump.
