you are right.. its a liquidation mechanism
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vladNMP
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also, the $BTC chart today.
they're calling it market confusion, lol. that wasn't confusion. that was a liquidation washing machine designed to rinse your #trading account.
first, the violent dump to liquidate the longs, using the german selling and mt. gox fud as perfect air cover.
then, the sharp v shaped recovery pump to liquidate all the shorts who piled on, using hopes for good pce data as the narrative.
you weren't #trading a trend in the #crypto market. you were the laundry. the entire point of today's price action for #BTC was to churn you out of your position. there was no winner today expect the big pockets. not even #bitcoin since today closed pretty much at 107k where it all started today. just how?
they're calling it market confusion, lol. that wasn't confusion. that was a liquidation washing machine designed to rinse your #trading account.
first, the violent dump to liquidate the longs, using the german selling and mt. gox fud as perfect air cover.
then, the sharp v shaped recovery pump to liquidate all the shorts who piled on, using hopes for good pce data as the narrative.
you weren't #trading a trend in the #crypto market. you were the laundry. the entire point of today's price action for #BTC was to churn you out of your position. there was no winner today expect the big pockets. not even #bitcoin since today closed pretty much at 107k where it all started today. just how?
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