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Massive sell walls for ETH starting at 1000
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Date: February 15th, 2018 11:55 AM Author: Claret Floppy School
last time we had a major bull run to 1400 it was because market cap grew to 800 billion
right now we're at 470 billion...i don't see us getting to ATH any time soon unless new money flows in
(http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409099)
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Date: February 15th, 2018 12:19 PM Author: Claret Floppy School
Date: February 15th, 2018 11:53 AM
Author: Benevolent Screed
Or the whale(s) just cancel the sell orders.
(http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409282) |
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Date: February 15th, 2018 12:26 PM Author: Claret Floppy School
demand and supply are important. you are only focused on supply. if 470 billion is already tied up in coins, who is going to buy these more expensive coins? either people shifting from shit coins to ETH or new money
the money has to come from somewhere to boost the price of ETH
i'm just saying we will not reach ATH again without new money coming in because i doubt most people are going ot drop their shit coins to buy ETH, esp given that many shit coins have much higher return in the short term than ETH
(http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409339) |
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Date: February 15th, 2018 12:10 PM Author: Claret Floppy School
ive been watching the charts closely - definitely a lot of robots doing algo trading, esp on gdax
the buys and sells are often in decimal amounts to push prices one way or the other
the moment the moving avgs cross, there's a sudden rapid increase in trading, which is faster than most human traders could prob do
most of the trades done on gdax are via robots
i havent looked at binance yet, but i wouldnt be surprised if that were the case. with API you could easily use bots on any trading site
(http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409210)
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