RE:RE:RE:If this is BTC Wykoff AccumulationA little adder to my last post. If you listen and read what all the big institutions were up to a month ago, they were all selling at 50-60k range. Its no coincidence the price finally broke below 30k as the US fed annouced last week theyre not raising interest rates. That was the confirmation of a continued bull market. Its not institutions who are selling now, its small stupid money selling now, the smart money is buying and keeping the price steady around $30k as all the retailers take on leveraged shorts. Retailers who panic sell now are going to regret it and the leveraged shorters are going to get wrek...again.
AlphaJ wrote: Have you seen the explosion is short positions? Whats more likely to happen is, as all the "smart" retailers build up these massive short positions using leverage. The people who win, the institutuions not the retailers, drive up the price in the next couple days creating a massive short sqeeze. You think institutions are going to let retailers make sh!t tons of money while they lose? This has happened EVERY bull run, the massive drop to the 61% fibonacci level (where we are right now) the massive short sqeeze and then a ridiculous pump that goes on for months. What do you think is the likeliest scenario? retailers winning? i dont think so.
bufordpusser wrote: When are you going to stop the blantant lying? It's over friend, this is going down. You and guys like Max Keiser are going to pay dearly.