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10969978 No.10969978 [Reply] [Original]

Was the reason for the aggressive dump to create mad slippage so they didn't have to sell a ton of bitcoins to buy them again 10% lower?

>> No.10970002

>>10969978
Nah, they were just bored

>> No.10970015
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10970015

>>10969978
>rising wedge
>bearish divergence
>rejection of 0.618 fib line
>testing lower lows
>price drops
m-mu m-m-manipoolayshun

>> No.10970059

>>10969978
no
>>10970015
no

its not technicals its because regs are coming as per EU advisory committee and behind the scenes US admin bodies. Thus shapeshift, thus wallets from silkroad dormant for 5 years are moving to exit. All the dark money old school guys are getting out.
That means short term dump but medium term it means finally and ETF and mainstream adoption and stable growth.

>> No.10970121

>>10969978
>https://medium.com/@JohnGaltBPM/the-elad-effect-how-the-secs-new-commissioner-changes-things-for-bitcoin-etfs-f4bb29e95bd6

We have a new SEC chair coming. He is already known to be pro-crypto. So the BTC ETF is a lock now.

That means Wall St has to accumulate as much as fucking possible in a few months. They can't drag it out for another year or two.

Retards like >>10970059 will pretend that this "dump" is old wallets like silk road. You know they are wrong though, because we have plenty of data available. Go look at the lending rates on sites with margins. They all popped up about 4 days ago, Wall Street borrowed massive amounts of BTC on margin and then market dumped it all this morning.

They do this to put a hard halt on rallies, and will continue to attempt it until the last minute before we start the ETF golden moon. Eventually someone is going to get greedy and blow out the shorts, but we've probably got another couple of months of sideways-ish action because everyone is interested in accumulating low right now.

>> No.10970152
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10970152

>>10970059
>he thinks fundamentals are more important than technicals

Traders have been calling this for days

>> No.10970153

>>10970015

Ah yes, the psychological link that binds all crypto traders together to collectively dump thousands of BTC in 25 seconds, how could we forget!

>> No.10970160
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10970160

>>10970153
never making it

>> No.10970165

>>10970153
>25 seconds
wasn't it over the course of like 45 minutes?

>> No.10970189
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10970189

>>10970165
pic related for reference

>> No.10971086

>>10970121

Likely. There is a ridiculous amount of bullish news all the way to the halvening.

>> No.10971125

>>10970121
I sure hope you're right...

>> No.10971148

>>10970121
Of course it's manipulation. We were about to hit the golden bull run so they had to delay it.

>> No.10971175

>>10970165

Oh well that's much better.