Crypto News

  • Thread starter Thread starter nycfan
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Focker said:
something feels different about this sell off. like a collective realization that the BTC story is over.
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Still plenty of room to find out someone is manipulating a dump so they can grab a ton at some set price, maybe gently on the way down at first. There was clearly some sort of crypto manipulation scheme going on via social media bots posting identical cryptic message about something big coming, blah blah blah don’t say I don’t warn you scare tactics.
 
Curious as what is causing the price to drop so quickly. Price manipulation, retail investors selling, Institutional investors selling, all of the above..?
 
Willy said:
Curious as what is causing the price to drop so quickly. Price manipulation, retail investors selling, Institutional investors selling, all of the above..?
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It lost $3000 and then gained $3000 in like 30 minutes. I don’t know what’s going on but I assume computers are involved.
 
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The RSI hasn't been so oversold since March 2020. We know what happened after that low.

This decline is still a 3 wave move as of now. Hard as it is to believe, that means things are still okay from a bullish POV. It could go down to $55k from a fib standpoint before reversing but it's already stretched to the downside.

I'd be very, very surprised if we don't get a significant bounce before $55k. Whether that leads to new all-time highs or just a significant bounce before going to a new cycle low, who knows.
 
Willy said:
Curious as what is causing the price to drop so quickly. Price manipulation, retail investors selling, Institutional investors selling, all of the above..?
Click to expand...
Apparently Binance has major solvency issues. The whole industry is levered up the wazoo.
 
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