Explain to a brainlet please...

[Anonymous No.8687977]

Leave a ltc adress, i will be happy to buy you a beer if you take your time to explain this to a retard like me (qr code please, i have ltc on my cellphone)

How do whales know when there are lots of liquidation points? Do they get insider info from exchanges and so they know when to pamp eet?
Also i would immagine hitting stoplosses would do the same thing, right?
Isnt that insider trading and illegal (yeah i know crypto is not regulated, but it certanly must be illegal anyway)

Im pretty sure there were no TA or fundamental reasons for this pump, did i miss some news?

Thanks anon

[Anonymous No.8688018]

Shorts were overbought it was obvious the pump is coming. Check tradingview for amount of shorts and longs. BTCUSDLONGS/BTCUSDSHORTS

[Anonymous No.8688053]

>>8687977
The exchanges ARE the whales. Of course they know when they have overleveraged shorts/longs.
ltc1qaqgs6d7gpyhku78739npr09wpdmdswwh67wxer

[Anonymous No.8688071]

>>8688018
https://www.tradingview.com/chart/8O21NRkr/

[Anonymous No.8688091]

>>8688053

[Anonymous No.8688098]

>>8688053

you mean unregulated exchanges are cheating? no way

[Anonymous No.8688108]

>>8688091
woops meant to quote op

[Anonymous No.8688112]

>>8687977
Like the other fella said, they wanted to liquidate the shorts and they have the power to do so.
Getting caught doing insider trading is illegal but if youre sneaky youre fine I bet it still happens everyday in the good old USA.

Also whales are in control of most of the pump and dump groups so they not only have their buddies but The masses of filthy scrubs wanting to make a quick buck.

I've worked with ICOs and whales get REALLY cozy with the teams to the point where they might as well be on them so networking plays a large role in these.

[Anonymous No.8688120]

>>8688098
Yeah it's inconceivable. Inconceivable!

[Anonymous No.8688138]

In addition reminder Bitmex sells position data under the table

[Anonymous No.8688151]

>>8688091
what does that mean? its just a candle....

[Anonymous No.8688160]

>>8688112
If you enjoyed my post I'll spend the money on an chocolate easter bunny for my mother though, her birthday is tomorrow. Cheers and happy easter.

[Anonymous No.8688167]

>>8687977
elliott wave

[Anonymous No.8688173]

>>8687977
Obviously they dont know the exact liquidation price.
They just do it when there are too many shorts like other anons mentioned.
There are a lot of suicidal retards who get liquidated in an instant by a 300$ pump.

[Anonymous No.8688184]

>>8688018
do you use some indicator to evaluate when short/longs are over bought? Could you just look at the RSI for example and estimate that a pump could be incoming?
Things like this werent really a thing while we were in a bull market and actual money was coming in into crypto, right?

[Anonymous No.8688188]

You can arithmetically work out the liquidation price for someone who shorted at, say 6600 at different levels of leverage

There's a liquidation calculator

[Anonymous No.8688189]

>>8688112
So where is the bottom? Seriously..

[Anonymous No.8688192]

>>8687977
Also if I may make one more point since this is the most volatile currency in history reading charts is fine but itll spike or drop without warning and anyone saying they predicted it either had a lucky guess or insider info.
News and whales trumps all

[Anonymous No.8688201]

>>8687977
It's time

[Anonymous No.8688233]

>>8688184
Sure, check the graphs on tradingview, add the RSI indicator and you are good to go. Yeah bull market was kinda different, but still manipulated.

[Anonymous No.8688239]

>>8688189
Youre asking for the bottom on a currency that has no inherit value dude. So here's your best bet, calculate when YOU would feel you absolutely have to buy in, then realize the whales and bulls know that position and will buy before that; assuming they still believe in crypto

[Anonymous No.8688243]

>>8688160
thank you, im sending, will post proof in a minute....
do you think that things like these are more often in this shit market when no actual real money is entering the space and its mostly only people margin trading trying to fuck each other over?
do you think when actual money was entering thing like whis werent that common?

[Anonymous No.8688261]

>>8688233
But keep in mind, this shit is manipulated as fuck, you can easily get burned. Dont short/long unless you really know what you are doing

[Anonymous No.8688275]

>>8688098
No!

[Anonymous No.8688280]

>>8688188
you don't even need a calculator, it's just the target price plus amount divided by leverage

[Anonymous No.8688286]

>>8688151
it bounced off of some major support

[Anonymous No.8688294]

>>8688243
Yes, hence the bear market people are just tearing at each other for small gains now. During a bull market everyones a genius, everyones making gains.

People still wanna make money but they gotta essentially take it from each other now, bloody stuff that will slowly trend crypto down until another (if ever) hysterical buy in by the masses

[Anonymous No.8688343]

Another note we SERIOUSLY would need to give up our fucking shitcoin positions to save crypto. Unfortunately as soon as all of us jumped on a promising coin the whales would dump it.
Shitcoins are spreading the cash out

[Anonymous No.8688364]

>>8688286
what support? i dont see support anywhere there..

[Anonymous No.8688385]

>>8688343
Yep hundreds of shitcoins are suffocating whole market. And there is nothing to stop them, unless there comes some kind of regulation.

[Anonymous No.8688417]

>>8688294
here it is. its just a small beer though...
i started shorting like 10 days ago and yeah since i saw everyone is talking about shorting it means it is probably to late to do it....
i shorted 10x at 6980 so i should probably be fine but this shit is getting more and more dangerous....ill probably just take my btc to cold storage and fuck of until the next bullrun

[Anonymous No.8688428]

Who longed the market? Why did the government allow this to happen?

This is a great service that makes all overleveraged traders lose their houses, that's the objective of this game.

[Anonymous No.8688449]

>>8688417
>He doesn't realize shorting is killing the market

[Anonymous No.8688453]

>>8688364

[Anonymous No.8688473]

>>8688294
but isnt it strange that its remaining at souch high prices still? is it because people are that dumb tthat they think this is a normal and sustainable pump and are fomoing in thinking the bottom was found or is it more manipulation......?

[Anonymous No.8688479]

>>8688453
Arbitrary line

[Anonymous No.8688499]

>>8688473
>He thinks 7k is high price for bitcoin

[Anonymous No.8688518]

>>8688417
or just go long with 10x with about 10% of your cash, then set 10% buy a bit above liquidation level and then 20% a bit above the next one

that way you ride safely the price down and if it goes up you're golden either way

[Anonymous No.8688541]

Fucking shit manipulated stuff. Time to ditch btc.

[Anonymous No.8688588]

>>8688286
Stop posting shit if you obviously have no idea.

[Anonymous No.8688597]

>>8688453
fuck youre right anon, i dont know how i didnt see that

[Anonymous No.8688603]

>>8688541
Capitulation. The bottom is near

[Anonymous No.8688632]

>>8687977

[Anonymous No.8688760]

>>8688632
care to explain?

[Anonymous No.8688762]

>>8688417
Thanks mate much appreciated.
Also yeah don't get too greedy or you'll get liquidated

[Anonymous No.8688801]

>>8688239

I would argue it's value is based on the unregulated nature of the currency and how much someone would be willing to pay to get around the current system. The more regulations imposed the more valuable deregulated assets become.

[Anonymous No.8689087]

>>8688760

[Anonymous No.8689338]

Well, if you look at that green trendline on the daily chart, you could actually have anticipated it.

[Anonymous No.8689654]

>>8688453
also i was charting bitmex which is dumb, today i have learned a lesson that you must chart only bitfinex.....thank you too anon. its really nice how in this shit market people are actually starting to give usefull infos here

[Anonymous No.8689666]

>>8687977
>How do whales know when there are lots of liquidation points? Do they get insider info from exchanges and so they know when to pamp eet?
No, they don't even need that, the fact is most traders learn the same thing, same way to manage risk, so the majoruty of traders will "cluster" their stop losses around the same price point, all whales have to do is figure out where this stop losses cluster is to trigger a squeeze.

[Anonymous No.8689691]

>>8688098
i know you're being facetious, but it's still worth stating that:

IT'S NOT CHEATING WHEN THERE ARE NO RULES

[Anonymous No.8689710]

>>8689087
holy shit buyers are running out of steam