I have to agree with a correction incoming, but I am looking at these 200+ buywalls poping at BTC/USD pairs.
Morbid33
⋅
@AdamSnajdr, I've seen and recorded .30 cents buy orders. The lowest I saw was .07 cents. BTC really weak. It seems they are trying hard to build confidence in the market.
AdamSnajdr
⋅
@Morbid33, So pepole with $ are trying to push the price? You think they are planing shorting? Or is has somethung to do with opening the future markets soon?
Morbid33
⋅
@AdamSnajdr, It seems the market wants to correct and is artificially propped up. The future market will be settled only in cash and the price of BTC should not affect the price of the futures or vice versa, but it will take market share away from the cryptos. Now there is a shorting instrument coming into play soon we'll see. The more they intervene in the market the worse they'll make the correction. Sitting on cash and waiting for the markets to decide.
@AdamSnajdr, @Morbid33 imo, $12,000 is more likely the next peak before another meaningful pull back. The dip to $5,500 last week was such a trick, obvious manipulation to shake sellers. Now time to continue the mark up. 100% double from those November lows feels about right level to end the year. Merry Christmas.
JackyCharts
⋅
If/when BTC pulls back, I think it's time for ETH, NEO, LTC, OMG to catch a lift as BTC funds seek safe haven. Watch Bittrex volumes for direction. There is no BTC-USD pair there. BTC has to go into alt-coins. Good luck.
Morbid33
⋅
@JackyCharts. the masses are always wrong. those who fail to learn history are doomed to repeat it.