looks like it just finised ABC correction. Next stop 12k5
DrJLT
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@Jolgan, all I know (I think I know) is that long-term bitcoin will hit 100k probably this year.
and I know w. 100% certainty that blockchain + crypto will stay & be widely adopted.
I hope the drop has finished.
Jolgan
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@DrJLT, don't loose track of LTC, looks stronger than BTC
DrJLT
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@Jolgan, most coins are stronger than btc now, probably because it's btc that gets attacked by some "whale" groups (banks?) I have an ltc position that's been in the red for some days.
Jolgan
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@DrJLT, I think the attack on BTC is from within. I hope crypto will survive even if BTC fails
DrJLT
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@Jolgan, & I have a btc position that's also in the red :D (both margin positions).
at least two of the dumps last week had no warning. the first one happened when everything was going well. some oscillators showed slight overbought, but normally that means consolidation, not crash. that was a manipulated dump.
then, when it just started to recover, 1min by 1 order dumped 1k on bitfinex --- obviously it's abnormal. no sane person would sell 2400btc at once & crash the market (& this is on btfx; on some other exchanges he would've sold at 0). obviously the goal is to crash the market.
we don't know what their ultimate goal is:
1. to buy alt coin at lower price?
2. to buy bitcoin at lower price?
3. to kill bitcoin?
4. to kill crypto?
Jolgan
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@DrJLT, that big BTC sell off, I suspect might have something to do with some known trader's Bitfinex account being hacked about the same time