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RE: Bitcoin Up 15% In Giant, 1-Hour Candle; Steem +40%, SBD +20%

in #bitcoin3 years ago

For what it means, in Mrket Wizards book, one of the interviewees says that when there is a sharp run up for unknown reasons, that rally is more solid than a rally for known reasons. This is because once the know reason or event passes people will sell afterwards and go to the next event whereas when an unknown event occurs people will hold while they are trying to figure out what is causing it.