Almost like a machine, we seem to get repeated instances of these strong drops, followed by flat trading, and then a jump back up to the start level.
I call this the reversed SEMI BART pattern, as it is not quite as flat and defined as we got used to seeing in Bitcoin, but still has some of the hallmarks of the pattern.
Its called market manipulation via spoofing. JPM paid almost a billion dollar fine last year because of it, small price to pay to make untold billions from a rigged game. Let's hope that doesn't happen to BTC, but of course we know it has already begun what with CME being another criminal organization.