JayJuanGee
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How much alt coin diversification is needed? 0%?


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March 18, 2019, 03:52:00 AM

please, never $3xxx again

Nice candles!

hahahahaha.. that would be nice.. .

It seems that we at least have to get above $4,200 to at least cause a bit of a positive BTC price cushion above $3,xxx.

Anyone notice that the UP price movement to get to $4k and to breach a little bit above $4k waited until this week's candle closed... Any significance?  I am not sure.

It usually happens like that. No particular significance AFAIK.

Wouldn't mind if we keep going around $4K marking higher lows each time instead of a quick pump.

Of course, you may have noticed from my various posts, that I frequently reject theories of long term and/or consistent BTC price manipulation; however, I do believe that on the short-term, even like 24 hours, those with a lot of coins can have the ability to push to close a candle green or red, and to do that on purpose.  If you notice, the last 4 weekly candles on bitstamp are green and they are just barely green, so if each candle is just barely green, then it makes it easier to make the next one green.   In the end, it may not matter too much, but on the margins, there can be some folks who would likely put additional resources in order to push trading algorithms (and even people looking at the matter) in a price direction momentum story that they are attempting to cause to be more plausible.. even if they are engaging in a trick.