Fake dump - page 3. | Bitcointalksearch.org

pooya87

legendary

Activity: 3472

Merit: 10611

stability doesn't just bring boredom to holders and the loudmouths on forums Cheesy

it mainly brings boredom to day traders who stop seeing their buy and sell orders filled every day so they start getting anxious about the market. when there is a whale having this boredom they will try to artificially induce volatility in the market. and those big red candles are the result of that.

davis196

hero member

Activity: 3164

Merit: 937

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

This is not a fake or a real dump.It's just normal price volatility.
OP,do you track the bitcoin price every half hour?I wouldn't bother,if the bitcoin price goes down to 6200 USD
and then increases back to 6400 USD.It's not a big deal.If you track the bitcoin price movements every minute,you will get crazy.

hugeblack

legendary

Activity: 2702

Merit: 4002

We can say that the price turned to a "bearish zone" after the support rally at 6390.
The price has stabilized. Therefore, the move of $ 100 may control the market sentiment for several days. After the rate dropped to less than $ 6,300, it is unlikely to rise in the coming days, but maintain the level at 6350. And the bottom at 6100.
So what happened was not a "Fake dump."

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

It depends if bulls follow through on that 4-hour candle close. We're threatening a dragonfly doji (reversal bar) on the daily chart too. But we still have to wait and see. It could just end as a stop run in both directions. There hasn't been a legitimate breakout yet to confirm the dump was a fakeout.

imapessimist

jr. member

Activity: 266

Merit: 1

Nobody should buy the dip at the moment I'd say. too uncertain. But folk must make their own choices I suppose.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

It could very well have been someone genuinely trying to sell some coins. That sale might have triggered some bots to follow and to unload some coins as well. Bots don't know whether or not someone is genuinely trying to sell coins or that it is a manipulation attempt, they just follow what's being presented to them and react as how they are programmed to react.

The lack of volatility makes $50-$100 movements look like huge candles, but they are peanuts in reality. We're still below $6400 which seemed to be main support level this month with how stable it was around that price. I think the only positive aspect of that tiny bit of action today was the slight increase in volume for exchanges.

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: Rasa nanas on October 31, 2018, 11:52:42 AM

the last few days I saw the price of bitcoin is quite stable, but yesterday the price of bitcoin has declined and now the price of bitcoin is stable at $ 6300. I don't see this fake dump, but this dump is caused by investors who feel frustrated with the current market conditions.

Dude, shut up, you just typed a bunch of non sense, refrain from posting on my threads again, thanks. Bitcoin breached the 6314$ support area today and went down 100$ but recovered almost instantly and reached 6400$

Rasa nanas

full member

Activity: 1442

Merit: 108

the last few days I saw the price of bitcoin is quite stable, but yesterday the price of bitcoin has declined and now the price of bitcoin is stable at $ 6300. I don't see this fake dump, but this dump is caused by investors who feel frustrated with the current market conditions.

XinXan

hero member

Activity: 1064

Merit: 505

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

Topic: Fake dump - page 3. (Read 810 times)