BTC: 46,000 within 48 hours?

  • Thread starter Thread starter Deleted member 1333509
  • Start date Start date
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loukeyzee said:
Why do you believe this will happen?
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It's more a suspicion that it will than a belief that it will. A few different things I'm looking at together are all pointing to another big drop. Maybe that's intentional to trick traders into selling right now, maybe it's legit and we'll see a big drop.

Personal I'm out of the market right now and will be waiting for confirmation that it makes sense to get back in, especially over the next couple of days.

MisterF said:
Needs a huge drop to get down to 46k
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Yeah that's right it does.
 
May be.

Not sure wtf happened to the market though. :(
 
Gogol said:
May be.

Not sure wtf happened to the market though. :(
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sharp drop followed by sharp pump. get's rid of leveraged long positions before the bull run continues.

The dump yesterday nuked 2B of leveraged longs globally and 10B across all cryptos. They're stopping out traders that would make huge profits if they had those positions and it went to $100K for example.

Also simultaneously they shake out a bunch of noobs into their own buy orders to vacuum up "cheap" crypto before continuing up.

Alternatively, we're all fucked and this is the beginning of BTC going to $5. It's a coin toss really. (<<-- "sarcasm")
 
VSYNC said:
sharp drop followed by sharp pump. get's rid of leveraged long positions before the bull run continues.

The dump yesterday nuked 2B of leveraged longs globally and 10B across all cryptos. They're stopping out traders that would make huge profits if they had those positions and it went to $100K for example.

Also simultaneously they shake out a bunch of noobs into their own buy orders to vacuum up "cheap" crypto before continuing up.

Alternatively, we're all fucked and this is the beginning of BTC going to $5. It's a coin toss really. (<<-- "sarcasm")
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Ok the sarcasm switch came late hehe. I hope the market will get back up soon. Stopped logging into my binance acc right now lol.
 
VSYNC said:
Cos I was waiting for you to come and ask me about it. I'm lonely and confusing people is how I like to make new friends.
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I tagged you in one. Could I please have your verdict on that? I mean it, it matters to me atleast.
 
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