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/biz/ - Business & Finance

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12716003 No.12716003 [Reply] [Original]

MAJOR dumping volume out of nowhere!!!

>> No.12716015
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12716015

GNGNNGGHNNNGNMNGNNNNGBNNGHGNNGNNGNHHNNHGNNN

>> No.12716018

>>12716003
It's been about this price all day. Fake breakout but we have found the bottom and will rocket up tomorrow I think.

>> No.12716027
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12716027

>>12716003

>> No.12716028
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12716028

have you learned nothing

>> No.12716042

>>12716003

kek I sold link when I saw eth volume rising, bought at 120.5, sold at 125, and gonna sit in BNB until it pumps again

you haven't learned the rotation yet?

>> No.12716139
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12716139

>>12716003
This whole fucking market is fake.
First the BTC, LTC and later all Alts breakout on Friday to conveniently FOMO-in all the wagecucks and on Sunday evening the dump. Probably it will be just some giant bart simpson formation.

Anyway. The whole market reeks of manipulation by the big whales. Not sure if this breakout will stay or not, but all these moves just don't feel organic to me. Might as well be some trading offices just playing with the market or this Novogratz guy trying to force a pump. This whole move likely can be pulled off with a few hundred million USD probably even less.

>> No.12716215
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12716215

>>12716139
Imho the move on Friday was geared towards luring in new money or money that was on the sidelines into the market. If price action tries to go lower (increased funds needed to sustain jacked up prices) then they will just dump their position back into the market by Tuesday or Wednesday, dropping it back to the old price level and if they were unable to draw in enough new money they will likely lose a few percents of their funds. On the other hand, if they succeed in creating FOMO and even trigger margin calls by those who shorted then they will have enough self-sustaining momentum to the upside to slowly scale out of their fat long position or managing it in some way that they occur a fat profit.

>> No.12716415

>>12716042

market is so fucking predictable right now. Rode bnb from 9.08 and sold 80% at 9.25. Ltc dipped, time to go back and sit there until tomorrow. GL boys

>> No.12716470

>>12716215

either way it's good. burning people shorting btc and pulling money out of bullshit scam coins its overall healthy