Guess the storm has passed. I must admit I did not expect such a speedy recovery.
A price breaking upward through ~$2460 or so with RISING buy volume/pressure would signal a trend reversal. We would need to break the pattern of lower highs and lower lows into the next month.
Otherwise, we are still firmly in a downtrend. Because gravity. Also, overall crypto market cap still decreasing.
Still relevant... hasn't broken $2460 to the upside. Buying volume has tapered off. Also notice that perfect 'V' on Stamp. The whale(s) that drove the price down to 1830, drove it right back up to where it was before. Overall sentiment has not changed.
I feel very much abused by these whale(s). What direction do you think the market will go? I was starting to feel that BIP 91 was a sure thing but not so sure any more. Thoughts ?
A price breaking upward through ~$2460 or so with RISING buy volume/pressure would signal a trend reversal. We would need to break the pattern of lower highs and lower lows into the next month.
Otherwise, we are still firmly in a downtrend. Because gravity. Also, overall crypto market cap still decreasing.
Still relevant... hasn't broken $2460 to the upside. Buying volume has tapered off. Also notice that perfect 'V' on Stamp. The whale(s) that drove the price down to 1830, drove it right back up to where it was before. Overall sentiment has not changed.
I feel very much abused by these whale(s). What direction do you think the market will go? I was starting to feel that BIP 91 was a sure thing but not so sure any more. Thoughts ?
My opinion is down. Macro-bots appear to already be trading a downtrend since the 2980 top. Possibility of getting SegWit is mostly priced in, maybe a short term rise (second of a double top), but it'll be a bull trap and won't last.
Thanks for sharing your opinion. This was a bad time to do margin trading with such uncertainty. Lesson learnt
and pump goes on...
So I'll have to wait untill things settle down a bit
/ Im glad that I kept my rule of trading "no BTC shorting" ...
If I shorted, I'd be close to margin call by now
Tell me about it. Broke my rule as well to try to profit on the seqwit2x uncertainty in the market. Mother BTC was very disappointed and spanked the hell out of me.
Lesson learnt