Post
Topic
Board Speculation
Re: A move (almost) no one is expecting: gap at $11795
by
exstasie
on 08/06/2020, 21:49:26 UTC


Whales troll the market, pump to $11.7k then dump with a possible crash to $3.1k area.

This reminds me of an idea from xxxx123abcxxxx:



As I said in his thread, it would be quite a mind fuck and would really confuse the market. It could be one route to achieving maximum pain. However, Bitfinex shorts continue to fall and are quite low already as longs continue to rise. Bitmex interest rates also indicate bears are not keen on shorting. That suggests to me the direction of maximum pain is actually downward from here, keeping $10.5K intact.

Sentiment analysis is not exactly a science though. Smiley