ALWAYS BET ON BLACK - Update 5


STRENGTHENING POSITION FOR BUYERS - A WORD OF CAUTION

After that huge effort by the sellers, who took advantage of our weak defenses, we are consolidating positions and preparing for future gains.

The Black Coin buyers have accumulated their wealth on a couple of big walls to grab lots of coins at lower prices in the possibility that the sellers may want to play rough again. Notice that smart players will put walls on strategically calculated areas to get the most coins at lower prices, so the support walls play two roles. One is a strong defense against price retrenchment and the other is an opportunity to get more coins at lower than market prices. It is clear that the market will not remain stable for more than a day or two so these walls may be hit from time to time to increase your position in BlackCoin.

CAUTION: It is also entirely possible that support walls can instantly vanish; I see a 100 BTC wall at 40K.  If this wall vanishes on the next attack it could allow some huge price manipulation taking the price even lower than previously.  Every person should put their support and not trust on other people actions.

 

Here is a closer look at the war of the walls going on to get that support floor established up to 50K.
These are very good charts here: https://cryptrader.com/charts/mintpal/bc/btc

Congratulations to all that participated in the rebound and it is most important that we act responsibly to maintain some price stability.

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