yesterday, I sold 80% of BC thinking there will be a dump.. didnt happen. It happened today, so i bought back the same amount and now i have 4BTC left. So profit is 4BTC from this dump. Will buy more when it hits 35k. And even more when it goes back to 30k. It got traded a lot at 50k. So people wanted some quick bucks. Thats why they dumped and the dumping should have stopped at 40k but some were panicking and lowered the price to even 35k. Now it is just a question of buyers and sellers. Unless a whale comes in and forces the price in a direction.
The price will go down to the low 40k till it hits a large amount of buy orders then it will slowly increase with a huge dump right after to 25k~. Followed by a 10% increase each hour til we get past 60k where it will stabilize like it was doing now.
Price is stable now around 49k and will be for the rest of the day. There were some people toying with the price but they are done now, look at the volume.
Someone just scruwed the wales so badly..they were lowering their 50 BTC+ sell walls to lower the price and then BUM some buy from 43k to 53 in second ..there was 150 BTC+ sell orders in that range
Yeah the battle has been fought. Now we have one huge whale lol
Yes it is a bull trap. And people falling for it haha. Im holding 29k BC and im not selling those. Have also 5BTC to buy BC but waiting for when the price hits 20-25k.
Wow price back to 43k. Huge volume trading at mintpal. 165BTC. People scared of price freefall, someones now buying up all their dumps to cause price jump.
BC over 50k now. Bought more bc when it was 45k I think it will go beyond 60k late this night! It can even retest 90k because people come back to BC and pump it.
We need almost 55 BTC to pass 40k. If you look at the volume you will see we are about to pass the barriere. 30BTC last 10minutes. Last time we hit 30BTC volume in 10 minutes was 18.30. I think someones playing with the prices the last 20minutes in order to sell at 39k and buy at 35-36k. He is trying to get the price back to 35k. Will it succeed with that much buying pressure?
Sell wall gone, i think he just cut his sell orders into halves and now is trying to get the price back to 37k. But it wont happen because there is too much buying pressure at 38k.