My last update of the previous analysis i showed 2 important support levels where the price could bounce up from. The first support around 7350 did the trick and the price got pushed back to 7700. From that point on i told my members that i thought i was seeing distribution, but it was still very confusing to figure out what was going on. TA was showing bullish signs, that bull flag was very strong and was even turning slowly up and was about to squeeze upwards. But of course out of no where the price got dumped, the move we saw a few hours ago. After that 200 point drop the price got pushed up again to 7700 like that dump was a glitch. If your a whale, why not push out leveraged traders and take your money while your accumulating or distributing. It's like a bonus, like the cherry on top :)
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yes you are right, sir, where you from?
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✅ @growlife, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!
Please also take a moment to read this post regarding bad behavior on Steemit.
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