It could be a short seller protecting the wall which could lead to a short squeeze if volumes accelerates to the upside. The supply available to sell has to be close to reaching a dry spell given the amount of selling in this latest cycle.
Without a being able to look at time and sales data in one source I cannot 100% confirm, but a big seller and manipulation is basically one in the same. If one is selling a ton it influences the market.
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It could be a short seller protecting the wall which could lead to a short squeeze if volumes accelerates to the upside. The supply available to sell has to be close to reaching a dry spell given the amount of selling in this latest cycle.
Yes, unfortunately we got the opposite and the buyers lost the battle and cascading down we have gone :-(
Thanks.
Is this manipulation at 6,800 in your opinion or just a big guy with a sell order of 6,800?
Without a being able to look at time and sales data in one source I cannot 100% confirm, but a big seller and manipulation is basically one in the same. If one is selling a ton it influences the market.
Great video and spot on with your analysis.
Thanks! Yeah, sadly we rolled over after not being able to breach that 6800 area.
Yeah, I had that level Mark in a post I did on Bitcoin about a week ago stating there were sell orders there. Great minds think a like:)