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RE: Does this kind of trading activity look familiar to anyone else?
Yeah could be a reason. Everything goes in cycles and trends and by using Elliott Waves along with chart pattern analysis you can make pretty good predictions.
Here's some value for people that are stuck in these coins:
IMPORTANT Coin Updates (BTC, ADA, BTS, EMC2, ETC, GNT, SBD, STEEM, XVG)
https://steemit.com/crypto/@trainingbrah/xby-wants-to-go-up