Profit realisation - page 2. | Bitcointalksearch.org

webdevmastery

full member

Activity: 434

Merit: 100

Quote from: teramit on July 10, 2018, 04:48:37 PM

We have seen 4 steep rises since july 1 from 5800 to 6800. It was our cute manipulator obviously. He rised price and after 10 days price dropped from 6800 to 6300 , everybody wonders why but it was a profit realisation. He sold whatever he collected and gained profit. We have seen similar moves at last months but all that minor trend's bottoms finished lower then previous bottom, so last intermediate trend was bearish before july. What we see on this 10 day minor trend is different, new bottom 6300 is higher than previous bottom 5800. If we assume this cute guy sold all his btcs he has fiat now and can start his steep rises in a few days. So we can expect a bullish intermediate trend is borning.

It only means that the market is volatile and those people who sell their coins earlier which makes the price of bitcoins to dump are just not good enough to handle the pressure in the market.

shulio

legendary

Activity: 1540

Merit: 1016

Thinking only one guy increases and decreases the price is bullshit. You have no proof but just your imagination.

pooya87

legendary

Activity: 3472

Merit: 10611

you are overthinking things specially since you think it is one person controlling the bitcoin market with its $4 billion daily volume!

Quote from: teramit on July 10, 2018, 04:48:37 PM

We have seen 4 steep rises since july 1 from 5800 to 6800.

the rises in July has never been "steep". there is only which you can call "steep" and that is the rise after falling below $6800 and the rise had nothing to do with manipulation, this type of "jump back up" happens when price goes below a certain strong buy support and it is happening because it is "buy support" which means people are buying there and have their eyes on that price to jump in.

Quote

He rised price and after 10 days price dropped from 6800 to 6300

it dropped back down because of the last day's news about $10-20 million hack of some exchange and most probably because the altcoins were getting dumped hard because of that news (it was an altcoin exchange).

Johnyz

full member

Activity: 2086

Merit: 193

Great analyzation, and its true that they take profit so they can buy more in this deep market. I see the previos trend as a real pump not until right now it dumps rapidly up to $6300 level. Hope those giant guys will come back soon so we will not be lower than support level again.

Soots

sr. member

Activity: 1050

Merit: 251

Quote from: teramit on July 10, 2018, 04:48:37 PM

We have seen 4 steep rises since july 1 from 5800 to 6800. It was our cute manipulator obviously. He rised price and after 10 days price dropped from 6800 to 6300 , everybody wonders why but it was a profit realisation. He sold whatever he collected and gained profit. We have seen similar moves at last months but all that minor trend's bottoms finished lower then previous bottom, so last intermediate trend was bearish before july. What we see on this 10 day minor trend is different, new bottom 6300 is higher than previous bottom 5800. If we assume this cute guy sold all his btcs he has fiat now and can start his steep rises in a few days. So we can expect a bullish intermediate trend is borning.

Hopefully we'll be experiencing that bull in few days ahead, and I am still positively having strong dedications to hold all the coins that I got. Everything is possible with bitcoin and those chances that other people who were trading at wrong points, had missed out their bigger chance to benefit from this current price large fluctuations which means profit after all. We need not to have and end of our tale here, but the most important strategies to have right now is our goal to become much stronger, and never just judge the trend right aways because it may give us good surprises unexpectedly.

teramit

legendary

Activity: 1877

Merit: 1396

The Last Cryptocoin Burner

We have seen 4 steep rises since july 1 from 5800 to 6800. It was our cute manipulator obviously. He rised price and after 10 days price dropped from 6800 to 6300 , everybody wonders why but it was a profit realisation. He sold whatever he collected and gained profit. We have seen similar moves at last months but all that minor trend's bottoms finished lower then previous bottom, so last intermediate trend was bearish before july. What we see on this 10 day minor trend is different, new bottom 6300 is higher than previous bottom 5800. If we assume this cute guy sold all his btcs he has fiat now and can start his steep rises in a few days. So we can expect a bullish intermediate trend is borning.

Topic: Profit realisation - page 2. (Read 290 times)