I thought that these buy-ins looking manipulative but the more I think about it, the more it looks like inexperienced panic buyers rushing to get fiat into Bitcoin!?
Bit of wishful thinking. Those massive walls moving around are panicked buyers too, right?
Ok it could be manipulators.
But if it is manipulators, they are buying fucking damn expensive coins. Damn expensive!
Is that what manipulators do in a market plagued by uncertainty and doubt?
Nobody knows for sure. But that has been an extraordinary break out. I first bought-in at $588 just after I had my short squeezed.....but because I was buying the manipulators line, I dropped my entire BTC as soon as I seen the humongous buy wall disappear. I sold at $604, two seconds before the price smashed down to $580 (a very important support) and held above it. I went away, came back, saw that the margin call on my latest stop loss had been triggered, and panic bought at $618.
