Don’t apologize for posting what’s on your mind. Nobody here is going to deny what you’re saying about the algo’s is true, we’ve all been here long enough to know that this is the game we’re in, and no matter how many “positive” posts or vibes or charts get thrown out there, it doesn’t change the reality of how this particular market operates.
I don’t mind so much days like this when we reverse because the dollar is higher or rates are up, at least it makes sense. It’s the days that make no sense and the manipulation is obvious and up in our faces.
The reality at the moment is that there aren’t enough buyers to gain any momentum. Yesterday was nice but the volume was pathetic. It seems that players have been conditioned that higher interest rates are bad for pm’s because they are non-yielding investments. I guess that doesn’t hold true for Bitcoin though.
BTW – we’re not alone, plat and pall’s gains have been cut in half. I’m surprised silver is still above $66