Since Dec seventeen, the bitcoin world has been on endless decline, falling from $19,900 to $5,980 at its yearly low. Whereas the bitcoin worth has seen 2 midterm recoveries and corrective rallies, each did not check 2 major support levels at $12,000 and $10,000.
Market Manipulation Theory
Recently, a bunch of cryptocurrency researchers and traders instructed that the bitcoin worth has began to fall from its incomparable high at around $20,000, on an equivalent day the bitcoin commodities market of CME and CBOE launched.
The cluster of traders claimed that through the commodities market, institutional investors and large-scale retail traders manipulated the market to live short contracts by getting and commercialism large amounts of bitcoin in an exceedingly related to manner.
“Bitcoin reached its all time high (ATH) On Dec seventeenth of 2017, the precise date that CME futures cameras began. Looking back, it's currently obvious that smart/institutional cash was stocking up before that date. Discernment is 20/20. Since 12/17/17, Bitcoin has been in an exceedingly market. The rest of this analysis can target patterns discovered throughout this market downswing, furthermore as signals for once it'd come back to Associate in Nursing finish,” the cluster aforementioned.
It supplementary that each time the cryptocurrency market toughened a correction, the magnitude of the drop declined, proposing that the large-scale investors had less amounts of bitcoin once driving major corrections. The cluster stressed that the cryptocurrency market toughened 3 major corrections since Dec 2017 and therefore the 2 resultant corrections recorded lower sell volumes.
“Not solely is commercialism volume lower, however the drops are less severe. Every part of every leg down is a smaller amount steeper than the previous leg down. RSI, a momentum indicator, additionally shows commercialism has been less extreme. The trend is ‘flattening out.’”
FOLLOW, UPVOTE & RESTEEM @saifulazhar
You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 8.15% upvote from @nado.bot courtesy of @saifulazhar!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 71.43% upvote from @whalepromobot courtesy of @saifulazhar!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 24.04% upvote from @steemcreators courtesy of @saifulazhar!
Steemcreators is a collaborative group of influential Steemians leveraging their expertise and resources to create a better platform for all. 75% of all revenue from this bot goes to those that have delegated their hard-earned Steempower to our cause. The rest of the revenue goes to fund new events, projects and development around the globe involving the Steem blockchain to continue revolutionize the way the world uses social media and cryptocurrency (minus a small management fee to run/update this service).
For more information or to get involved with Steemcreators contact Jacob Billett @entrepreneur916 or IJ Maha @steemcafe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a $22.22 % upvote from @siditech thanks to: @saifulazhar.
Here's a banana!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 8.70% upvote from @lovejuice thanks to @saifulazhar. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 13.51% upvote from
thanks to: @saifulazhar.
For more information, click here!!!!
If you use our Robot before your post has 1 day and get an Upvote greater than 1%, you will automatically receive Upvotes between 1% and 10% as a bonus from our other robots.
Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.
Voting for @yabapmatt
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 12.50% upvote from @msp-bidbot thanks to: @saifulazhar. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In the fight of Humans vs Bots, @megabot defended you with 18.53% upvote courtesy of @saifulazhar!
Support @Megabot by delegating SP to the bot and get a part of 98% of @Megabot's profit.
Direct delegation links : 10 SP || 50 SP || 100 SP || 500 SP || 1000 SP || Any other amount of SP
Join our discord group here.
Thank You !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 16.67% upvote from @proffit courtesy of @saifulazhar!
Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You just received a 16.67% lifting from @botox ! You can also earn by making delegation to @botox.
Tu viens de recevoir un lifting de 16.67% de la part de @botox ! Tu peux également être récompensé en faisant de la délegation à @botox.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 13.16% upvote from @peace-bot courtesy of @saifulazhar!
Help spread the peace. Want to promote your posts too? Send a minimum of .02 SBD or STEEM to @peace-bot with link in the memo for an upvote on your post. You can also delegate to the bot for daily passive earnings. If you would like to delegate to the Peace Bot you can do so by clicking on the following links:
50SP 100SP 250SP 500SP 1000SP 5000SP
Learn more!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit