Why we stopped at $35,000.00

Cryptocurrency News and Public Mining Pools

Why we stopped at $35,000.00

Whales feasted ate $35,000.00 during the initial phase of the crash and pushed the price up

I posted a couple days ago about the hidden sell wall at $42,500.00 as this would liquidate shorts as well as lure bulls back into the market. Like clock work we hit it and back down we went

A lot of shorts where opened up at $36,500 – $38,000 and the current crabbing is to liquidate them as well and then the drop to the Max pain price currently around $24,500.00

At this point the majority of longs will be liquidated triggering a flash crash to $19,000.00. Where the Whales will feast again and begin the accumulation phase

If you want resources on the current shorts and longs open see bellow:

  1. https://datamish.com/
  2. https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
  3. https://www.theblockcrypto.com/data/crypto-markets/futures/aggregated-open-interest-of-bitcoin-futures-daily

I suggest you also you do your own TA and ask yourself

WHERES THE FUCKING SUPPORT MARK!, THINK MARK! THINK!

(*most likely going to be removed because this sub is censoring anything calling this a crash; Fuck you too mods. We're 60% down) *

submitted by /u/GodlordHerus
[link] [comments]