phoenix1
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April 29, 2015, 08:40:22 PM
Last edit: April 29, 2015, 08:51:27 PM by phoenix1


Waiting for priceaction was never easier (more predictable).


You would think, but then something like the btc-e shenanigans throws it.

The btce shenanigans confirm it. Somebody wanted to buy big time, and for whatever reason chose that exchange to do so. This happens when the crowd gradually comes to realize that the bottom may be in and that demand will prevent further downside potential.

Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...

Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'