I am one to believe that there are some new people in the mix who are collapsing the trend. They will sell off enough to initiate a downtrend, then keep it collapsing. With futures in the mix, there are some who will profit off of the collapsing price, even collaborate with those who send it down. (They can then collaborate on the price gain). Right now it's the wild west.
Just in case you're suffering under this, here are a few ideas (not to be construed as investment advice, simply as education)
1. Whoever is dumping, is also gathering at low levels, and increasing their store (simple Elliot theory)
2. Once the dump takes place, others will buy in, increasing the value of your tranches
3. At an apex, begin again
Who the heck needs 23K, if they make 10% a day doing this? The HODL crowd keeps this kind of trade alive, with their willingness to prop up the scarcity of the coin.
BCH is performing poorly on GDAX, BTW. Its influence will begin to wane. No matter, however, the shortsale crowd will still benefit.
BTFD, keep money around to buy low, friends!!
Note: if you take this advice, you do so at your own choice. It is not paid for and does not entail any responsibility for your success. Not to be take as investment advice.
Just in case you're suffering under this, here are a few ideas (not to be construed as investment advice, simply as education)
1. Whoever is dumping, is also gathering at low levels, and increasing their store (simple Elliot theory)
2. Once the dump takes place, others will buy in, increasing the value of your tranches
3. At an apex, begin again
Who the heck needs 23K, if they make 10% a day doing this? The HODL crowd keeps this kind of trade alive, with their willingness to prop up the scarcity of the coin.
BCH is performing poorly on GDAX, BTW. Its influence will begin to wane. No matter, however, the shortsale crowd will still benefit.
BTFD, keep money around to buy low, friends!!
Note: if you take this advice, you do so at your own choice. It is not paid for and does not entail any responsibility for your success. Not to be take as investment advice.