I have a question. This is TRX chart from HitBTC. More than 90% of TRX volume is done on Binance. Now TRX had reached maximum of 1800 Satoshi, or a bit less on binance the very point of time when it was peaking on HitBTC at around 2900sats. Yes, it was crazy.
The reason was simple. No one could buy cheap on Binance and sell high on HitBTC, due to technical issues with deposits at HitBTC.
So yes, the were no sellers. And that was the slingshot @haejin told about. That was it, sellers were not able to arrive, so the market went bullish as hell.
But... Once they arrived, we can see that they sold too heavy and pushed price from 1400 levels to 900 levels, boosting the correction.
Now, @haejin prediction seems to ignore that fact. This boost won't happen again, deposit problems are fixed. So, is such a big wave 1 still possible? From 900 Satoshi to 2900?