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Re: QuantumTravesty post# 54307

Wednesday, 05/31/2023 1:06:10 PM

Wednesday, May 31, 2023 1:06:10 PM

Post# of 60361
So let's imagine that someone let's call him Trader X was frustrated that the price had stagnated in the .003s. He then decides to artificially push down the price in two days to .003 from .0038, and then he stops, if the price rebounds to .0038-.004 is due to a Fibonacci retracement? No, the price at .0038 would have likely muddled it's way to .004 anyway without his manipulation. All that Trader X really did was create fear uncertainty and doubt which is likely to kill buying pressure, the same buying pressure we need to get to >004 and beyond. I think that if our own Trader X decides to stop spoofing the Ask and crashing Bids at this point, the price will recover, if you want to credit Fibonacci I don't have a problem with that, so long as the price rises.