Alternative investments, macro, politics, economic developments.
Wednesday, 31 October 2018
Is Bitcoin being jammed up by a whale?
Since May as volume has slumped, has a whale(s) been propping Bitcoin up?
The buy the dip, sell the rally strategy is not seeing rallies to get out of.
Looks like someone jammed it up today after it sold off but volume evaporated after.
Main question is which of the whales defending it folds first?
The volume over the last week has been on price weakness as well, so large or multiple small steady sellers.
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