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:
- https://datamish.com/
- https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
- 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
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