Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: bambam on September 05, 2018, 08:05:30 PM
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Today btc dumped 500$ in few hours because of three reasons.
Three reasons of Today dump.
1. Rising wedge correction which happened earlier after breakdown of triangle.
2. Rumor about 15000+ btc transferred to exchanges on from another wallet which are holding approx 110000 btc to dump on market orders. That previous transferred tether still whales didn't used.
3. Goldman sachs drops plans to open crypto trading desk.
And now the other thing that shorts were increased parabolic from 2nd of September and currently holding above that 33500+ orders which also can be squeeze anytime soon and recently btc rebound from the previous reversal zone of bull flag pattern wait for safe entry.
Eth you can accumulate 235$-243$ in low leverage like 2x to 3x on small amount because possible of little more dump.