Sorry. Just looks like a lack of buyers
RE: STEEM/BITCOIN Bullish Butterfly: Is support holding??
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STEEM/BITCOIN Bullish Butterfly: Is support holding??
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@cryptorambler or it could be seen as a influx of sellers. With all the whales powering down and all the posts from individuals who are new to crypto cashing their winnings their is a lot of downside pressure.
It doesn't really matter if it is a lack of buyers like you said or a increase of selling like I said. The result remains the same, which is more supply than demand. I don't trade fundamentals but that's how I see it. Let's see if support holds at current levels and if this deep crab plays out.
Thanks for commenting @cryptorambler.
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