/biz/ - Business & Finance

>>8884645
We know it was a short squeeze. We just don't understand what even started it.

>>8884645
Look at the short interest growing by 100% while the BTC price doesnt move. Its normies discovering shorting and then getting reamed by insiders and large holders. I wish this was real as much as any of you, but the chart looks like its still in a down trend.

>>8884657
Pretty simple, a big player or group took a whole lot of leveraged longs on bitmex / bitfinex then heavily bought the underlying bitcoin. Every one of those leveraged shorts has a long on the other side. This wasnt an organic move, its an organised hit to take out the easy short money.

>>8884645

hey man lok at these lines i drew hehe

>>8884672
>the chart looks like its still in a down trend.

It is a 6 month chart. Impossible to even see a short squeeze on it.

Next move is the completion of the bart. Market players (maybe even a different group) are now loading up on shorts and will drop the price when ready.

>>8884699
The guy who did the analysis didnt draw any meme lines, its just two charts, one is for short interest, the other is for BTC price.

>>8884695
The truth is that you have no idea of who did it, stop making shit up.

>>8884657
Shorters started getting nervous when the price didn't break down and began closing shorts, which causes the price to go up. That then triggers more stop losses, leading to a cascading effect.
Also whales

>>8884695
It doesn't matter whether the pump was organic, manipulated, or a combination of both; what matters is that the price went up.

Wyckoff Theory:
-Treat all movements in the market as if they were the result of one entity (Jews/Bogs/Whales/etc)
-The objective of the Jews is to make as much money as possible.
-It doesn't matter if market moves are real or artificial; that is, the result of actual buying and selling by normalfags or wash trading by the Jews.

>>8884821
I estimate that you only need ~50 million dollars to move the price the way they did. It was likely just one institutional investor buying, liquidating shorts and triggering short stop losses. Anyway, we will never know.

>>8884821
The short cascade theory is much more fun than bitmex manipulation

>>8884821
ok sometimes I post dajoos/jq stuff but come on

>>8884930
Well we know it wasnt the pajeets. That is is the only thing we know 100% for sure.