Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

holy moly shorts are DOWN nearly 50%

i guess the wall coming down was shorts covering.

Ya must be that, the time coincide.

i guess that means we won't get to see 10K in shorts squeezed into forced liquidation buying up the hole order book and beyond, but, given the rough patch we have been experiencing, it makes sense shorts wouldn't have a very hard time covering.

Indeed, those shorts may have been useful as fuel. Too bad.
Even if it there is a positive black swan about to happen, i'm starting to think that we are headed down in the immediate term. Gut-feeling.

no way.

why do you think this?

ETF is days away now, i can feeeel it.

Because i through that those walls were brought by the same individual that placed them (a form of 'manipulation'), but if those shorts have been closed this mean that buyer and seller where different individuals.
Now, if you had the power to place a 3k+ sell wall (and at 475$ !!!), and place it, then you know that price is gonna be lower in a little while.
Knowing in this sentence being equivalent to 'make it happen yourself'. (eg: an insider is equivalent to a 'manipulator', in the academic sense trading is information).
I hope it is clear, i'm kind of high Cool

I agree about ETF.

I hear ya.
but!
say the shorts that covered was the manipulator ( same manipulator that has been driving down prices, trying to force capitulation ) he just changed teams... and he's a hell of a player.
put that in your pipe and smoke it!