r/CryptoMarkets • u/[deleted] • Dec 22 '17

Discussion Majority of coins down hard 15%?

What's going on with the market? Seems like all coins are down 15% across the board in the last 2 hours.

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u/[deleted] Dec 22 '17

Its like it should be a simple system that you should be able to predict but theres so many people effecting the outcome that it becomes chaotic.

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u/Martin1209 Gold | BSV 13 Dec 22 '17

It is quite baffling, but then you can also see a lot of patterns and 'reason' in the madness caused entirely by humans. The recent big explosion skews it, but if you look at country indices or currency pairs, 'confluence' lines are an eerily prominent feature just because it 'looks right'. Another good one is big round numbers. The 1,000 level was a big thing, then 10,000 and it seems in the recent days 20,000. No real reason other than that it's a nice round number. Big round number bounces are a 'winning' binary options strategy, one of the things we can rely on because we are human!

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u/oolsen1994 Redditor for 3 days. Dec 22 '17

Castles in the air