In my last post I said that how Elon musk interview pumped btc to 33k and today it suddenly pumped to 39800 Usd I was watching sites like coingraph.com and other crypto news sites for sudden big news for btc and its happened at 33k btc few crypto news sites and famous Twitter profiles suddenly posted that “Amazon is looking to accept #bitcoin payments by the end of the year says insider” and you know what gonna happen btc pumped to almost 40k Just in few hours btw who is insider and what he knows? It’s all bs all coordinated attack by big fishs and whales to pump btc and short squeeze retail traders my shorts got stopped out at 10% loss in my opinion next few days gonna be big for Bitcoin many news sites gonna post positive about btc and btc gonna pump hard and after that back at bottom for now trade with tight stoploss god bless you all keep making money
Agree with your analysis. Only issue is tight stop losses can be easily triggered in such volatile market. Might be best to stay on the sidelines if you are not ready to take a major direction view at this time with medium term hold plan.
@AmmoSingh, And the beautiful part is that everyone was duped. Amazon officially confirmed that the news about them accepting BTC before year end was a fake. Someone made a lot of money on the way up during the pump and now going to get a second windfall on the dump. Get ready for new lows.