Another Cup & Handle forming or Double Top?
The suspense...
kitaki2crows
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I missed that little bump. I was just thinking it might be a good time to get into LTC with the recent pump and retrace / correction.
Side note, there seemed to be a crazy market manipulation going on to push the price down after the peak price. Huge volume and sell walls were appearing and dissappearing every minute. It was really strange. Maybe whales / miners trying to accumulate for the next big price rise if Segwit passes. Not sure.
Oops_I_Charted
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@kitaki2crows, I think it was just the normal whale games. They always take advantage and try to amplify or suppress the hysteria depending on their strategy. When people were starting to become aware of the news last night and the price really started to spike, I watched in real time as they setup their positions in the orderbooks - you could tell when they were getting into position. Slopes got way steeper and walls were put up on both ends - it was more immediate and structured than could be explained by attributing it to the general market. When a pattern would conclude, like that first Bull Penant-a buy wall would flash just at the right time to start the next run up. I've noticed a few different strategies they use that seem to work really well. May we all be (hopefully responsible, benevolent) whales one day and get a crack at those games ourselves!
forclout
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Great call! I was watching at the same time. Thankfully my order filled!
The suspense...