The candlesticks on the sell where extremely sharp, meaning it could be a natura... | Hacker News

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		frankydp on Dec 1, 2013 \| parent \| context \| favorite \| on: Bitcoin Crashing The candlesticks on the sell where extremely sharp, meaning it could be a naturally occuring sell of a huge account, but the very similar volume of the candle at the bottom of the dip lead me to believe they are related. And now the pack mentality has taken over and the volume is racing up.

waterlesscloud on Dec 1, 2013 | [–]

Having watched in real time, that's what I was saying as it happened. I think you're exactly right.

knowitall on Dec 1, 2013 | [–]

So it would be a reverse pump and dump - sell a lot, count on falling prices, then buy again?

waterlesscloud on Dec 1, 2013 | [–]

Yes. Think of it as pushing a couple of rocks over and hoping to start an avalanche. In this case it worked.

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