$BTC Day X is getting closer and closer.
A day of joy, sorrow, and liquidations. Right now, the majority of folks seeing such a wild surge are starting to short, but this time it won't be so simple for our faithful short warriors, much to the delight of the long gnomes.
Here's how it’s going down: after we break through 80, we’ll keep pushing up to 90, knocking out all the short warriors. As we approach 90, the excited long traders will start taking on huge risky leverage, and right there, all those thinking there’s gonna be a jump to 100k and beyond will try to hop on the last train. That’s where the real action will begin, around 87-90; I believe we’ll see a brutal quick cut down to 70 and below, with a single daily candlestick giving no one a chance. The most enthusiastic long gnomes, caught up in the excitement of the Long, won’t even notice when their pants fall off. For now, it's Long. Meanwhile, I'm opening a pack of popcorn and watching this long-drawn-out short film. Those who haven't hidden are liquidated. Hugging everyone tightly. $ETH