Why are bears celebrating in here at a failed attempt at a shakeout and long squeeze last night? Someone wasted 17k BTC on finex alone to bring us down only 10 dollars and no longs were squeezed. What an idiot. It was highly orchestrated, as bid walls and support vanished and ask walls flashed. As soon as someone would buy into the ask wall it would then vanish. This went back and forth multiple times. Now, I suspect the current ask walls will either vanish as we move up or will be bought by its owner to propel us forward.
The reason we haven't broken 300 again is A) accumulation before breakout B)because a launch pad is being built. $290 is slowly becoming a floor and soon >300 will. People will realize selling under $290 is a waste (unless you are truly cashing out). The reason is that if we just flew by 300 idiot traders would just sell us back down. After the pad is built all the bears will realize their days are over. Deal with it.