Posted: Oct 23, 2019 7:03 pm
by Thommo
I see Bitcoin is having another odd day. I really can't wrap my head fully around these sudden moves that look like distortions or manipulations.

I was amused last time it happened by the disparity between before/after accounts of the move.

https://www.newsbtc.com/2019/09/13/poll ... -breakout/
13th Sept wrote:Poll: Nearly 60% of Crypto Traders Expect Bitcoin Formation to Break Up

https://bitcoinist.com/crazy-premiums-a ... ice-crash/
25th Sept wrote:Today’s massive bitcoin price crash was largely expected by analysts. The bearish descending triangle formation was bound to break out to the downside so it has been no real surprise.


I wonder if similar retconning will take place this time.

I have to admit my confidence that Bitcoin is on a clear bull run through to 100k (give or take 50%) as forecast in this thread is at something of a low today as I see the price is about 900 quid lower than mentioned a while ago by Newolder.