Does Sell 'Test' Highlight Fragilty Of Price?
The sell orders lasted less than a minute...I missed it...and im keping a close eye on price..
As a measure to produce a long wick with the the ema resistance....to look like another move up is a dead cert...bravo...but as a highlight of the lack of buy order interest, i fear it may prove to be a backfire..
im of the opinion that the house of cards is about to fall...maybe they want to get to 42.5K (1.681 ext)...but the way down at volume could a lot steeper that you think...if noone is buying...except those who pushed it this far...everyone runds out of money eventually and a forced bubbles pops quicker than even a real demand driven one! This as I have mentioned in a previous post is more supply driven rally than demand driven. The consequences of which will be resolved soon enough.
Just for the record..im out of market...
As a measure to produce a long wick with the the ema resistance....to look like another move up is a dead cert...bravo...but as a highlight of the lack of buy order interest, i fear it may prove to be a backfire..
im of the opinion that the house of cards is about to fall...maybe they want to get to 42.5K (1.681 ext)...but the way down at volume could a lot steeper that you think...if noone is buying...except those who pushed it this far...everyone runds out of money eventually and a forced bubbles pops quicker than even a real demand driven one! This as I have mentioned in a previous post is more supply driven rally than demand driven. The consequences of which will be resolved soon enough.
Just for the record..im out of market...
Aviso legal
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