wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
This time we had significant buying volume on the way up, which is something we haven't seen for weeks. That's a good sign for the bulls theoretically speaking, but that volume vanished as soon as we touched $110.
The problem here is that without buying pressure price cannot go up. Sure, the sellers sit tight and hold, so price slowly creeps up (with low volume) or stays stable
But as soon as someone needs to cash out +10k BTC there we go, down the cliff. No buyers to stop the free fall, which stops only when the dumper runs out of ammo.
After selling a lot between $90 and $118ish, I bought back a little coins at $101ish, sold them again at $108.5 earlier today. I expect the price to go lower than $90 soon enough.
