What about the guys who shorted at 390$ ?
Who the fuck shorted at $390 just yesterday?
Very very few. The either highly (inside) knowledgeable and/or the utterly foolish and fortunate.
Market structure just wasn't their for a short, at least not a short for a move like what we have seen. This dump was just one set of hands. Nothing fundamental event, not technical analysis pointed towards this. Go find me one technician who was yelling short as Bitcoin consolidated around $390, after a strong move up, after a very long time testing very significant trendline. Au contraire, they were either yelling Long, or were eyeing up a Long setup, or were still holding a long position.
I was in the latter category, but did indeed have my stop triggered way down at very bottom of the move thusfar..........but this will be the last time BTC does this to me for a very long time. I imagine that lots of others are thinking the same thing, and that liquidity will be increasingly flowing out of Bitcoin.
don't worry dude even though now price drop, why not we take this moment to buy some coins and hold them until price up. we need push back price up
I don't want to buy $375 Bitcoin, when I just got stopped out at $366 on the biggest Fucking Fuck You of Fucking Fuck You Fucking moves Fucking ever. Infact, I refuse to. I don't care what Bitcoin does next. I want my money off the exchanges, back into GBP, and back into my bank account.