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Market Makers Wipe out Shorts then Longs

BITFINEX:BTCUSD   Bitcoin / Dollar
53 0 3
Wow, what a difference a day makes. On February 26, we're shooting for the moon. Shorts are covering and we hit $438. Then the next day around the same time, we're crashing south to $422 which is lower than were we originally started the previous day. White I thought BTC was over bought at $438, it still seems oversold at $426.
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