BAY/BTC Buy Order - Insane and Previous Support

in bitcoin •  8 years ago 

Breakout low in March occurred at 105 with todays big highs in at 1995 and pulling back now. I don't want to buy this yet but I see an area of huge previous resistance that co-insides with a small 23.6% correction in at 996.

The order is STRANGE to say the least on Bittrex. Nobody has any orders lower than 986. You will see 100 and 105 and that is it. Nothing at 900 or 700 or 500 or even at 1 satoshi. If you have ever seen those insane cattail moves going up and down and wonder how in the world they happen, well one of the reasons is when the order book is in a state as such. I put the 105 bid in case someone is willing to take it 100 and I also have one north of 1000. Note there is a decent buy order already in at 1006 and maybe harder to try and reach lower unless you want to go insane.

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Well then how do you do :)

Bottoms at 1000, now at 1200 :)