luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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February 02, 2018, 01:02:53 PM |
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Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.
because of short closing, it escalates quickly |
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Dakustaking76
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February 02, 2018, 01:02:59 PM |
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Green dildo everywhere  |
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Rsiyz
Jr. Member
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Activity: 138
Merit: 6
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February 02, 2018, 01:04:36 PM |
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PoolMinor
Legendary
Offline
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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February 02, 2018, 01:04:45 PM |
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bitserve
Legendary
Offline
Activity: 2072
Merit: 1772
Self made HODLER ✓
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February 02, 2018, 01:05:27 PM |
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It has bounced EXACTLY at the weekly average.
The last time that line was touched was on August 1 2016. During the Bitfinex theft. Fucking Bitfinex as usual.
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Rsiyz
Jr. Member
Offline
Activity: 138
Merit: 6
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February 02, 2018, 01:06:25 PM |
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It has bounced EXACTLY at the weekly average.
14:00 ..   |
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somac.
Legendary
Offline
Activity: 2231
Merit: 1524
Never selling
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February 02, 2018, 01:07:04 PM |
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It has bounced EXACTLY at the weekly average.
Let's just fucking hope it continues to bounce |
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White sugar
Legendary
Offline
Activity: 1232
Merit: 1005
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February 02, 2018, 01:08:42 PM |
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Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.
because it is bitcoin, since early days things were like this |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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February 02, 2018, 01:09:27 PM |
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Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.
because of short closing, it escalates quickly Also most of the sellers are really bulls who want to increase their coin stash and as soon as they smell a reversal, FOMO kicks in. |
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hexxodev_temp
Jr. Member
Offline
Activity: 111
Merit: 3
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February 02, 2018, 01:09:41 PM |
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some one is building a bear trap..
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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February 02, 2018, 01:10:06 PM |
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nice to see btc can still bounce
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kurious
Legendary
Offline
Activity: 2618
Merit: 1749
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February 02, 2018, 01:10:11 PM |
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Well, volume's up for sure.
Is this the dump to finish them all?
Nice greenie so far Yep, - be nice to find that WAS the bottom, no one will be happier than me. But let's see! |
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Phil_S
Legendary
Offline
Activity: 2177
Merit: 1823
We choose to go to the moon
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February 02, 2018, 01:10:41 PM |
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Briefly going under 8000 doesn't count! Told ya! |
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RealMachasm
Member
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Activity: 187
Merit: 25
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February 02, 2018, 01:11:07 PM |
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Too early for rocket gifs?
I’ll get my coat.
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Enjel
Member
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Activity: 70
Merit: 21
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February 02, 2018, 01:11:33 PM |
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This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.
They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.
I can't imagine a bunch of people doing this of their own accord all at once.
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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February 02, 2018, 01:12:35 PM |
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$1000 bounce in ~20 minutes. Nothing to see here.
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Dakustaking76
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February 02, 2018, 01:13:13 PM |
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This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.
They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.
I can't imagine a bunch of people doing this of their own accord all at once.
Level over 999999999999999999999999999 manipulation. Ofcourse |
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somac.
Legendary
Offline
Activity: 2231
Merit: 1524
Never selling
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February 02, 2018, 01:13:37 PM |
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This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.
They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.
I can't imagine a bunch of people doing this of their own accord all at once.
The power of short covering |
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MelMan2002
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February 02, 2018, 01:14:40 PM |
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Ready your "It's over 9000" gifs?
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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February 02, 2018, 01:15:28 PM |
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This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.
They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.
I can't imagine a bunch of people doing this of their own accord all at once.
Those cascading sells you were seeing? Those were a lot of leveraged shorts - borrowed coins. Those borrowed coins need to be returned, meaning there will be buying to equal the selling. They can be caught and forced to buy just as the leveraged longs can be caught and forced to sell, leading to these crazy swings and bounces. Of course it is played to the max by anyone with the balls and bank. |
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