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I'm not trying to attack you here, chill. Largest hourly volume since 4.2k but with volume increasing in general since the local bottom it is not as big a deal. In both cases, the expectation was a tether implosion, however the "reaction" was the complete opposite in this case.
Still don't see how you pass off the largest hourly volume all year as "laughable" And no, the expectation was far worse this time, with Finex in the cross-hairs too. Just check the number of withdrawals Finex saw after the news, and compare it. Completely different scenario.
Do you Finex will make it through this one?
My mistake there to be frank I was looking at a higher TF and the hourly volume candle wasnt visible at all there. It may have increased short term volatility, but the move down would have happened with or without the news imo, therefore I wouldn't call it the "cause" of the drop
I think the cause of the drop (just starting) is that the market rhymes. PA shot thru 200 ma in 2015 only to fall 37% in as many days. Losing it as support. So looking for $3600 by end of May. And could go lower.
Btc holding Fibs on Larger Timeframes. A dump was there but absorption was strong. Also shorts squeexe, how u forgetting that.
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