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RE: [ Bitcoin ] Bitcoin dumping same hour in last 6 days. Watch out for Dump o’ Clock time today!
My two cents: I see the Chart Guy obsessing on the smaller time frame, meanwhile Bitcoin is breaking down on the daily and weekly. I don't think the dumps are scheduled for a particular time per say but more like triggered around a certain price area ($9500 imo) to drive the price down and cause a washout. As for "we're used to natural price action", I would certainly disagree with that, most of the trading activity is automated these days.
Very interesting view. Yes,the Chart Guys are daytraders and they do look at the charts on very small or short time frame. Maybe they should zoom out a bit. Thank you @tradealert
Good point @tradealert. Sometimes we need to look at the bigger picture too!
Thank you guys :)
@lizette and @colinbrazendale