AdamPragnell
Short

IHS has played out and hit price target! wait for massive drop

BITFINEX:BTCUSDLONGS   BTCUSD Longs
Just as i predicted!
Trade closed: target reached
Agree
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Perfectly aligns with daily chart, MA about to cross - Expecting an extended dump.
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AdamPragnell jamesndungu
@jamesndungu, yea i think big dump coming
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Hi, why does long make the price drop? Should not it be the other way around? Any article on this that can help me? THX
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AdamPragnell marcosfelipecfbr1
@marcosfelipecfbr1, when longs go down price will go down. longs mean that u expect the price to go up so the more people longing BTC will mvoe the price up, likewise the more people that are shorting btc will make price go down......meaning that longs have just completed a IHS target, this is why i believe we are due a drop on longs and shorts to rise up
+3 Reply
marcosfelipecfbr1 AdamPragnell
@AdamPragnell, Following !!!
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AdamPragnell marcosfelipecfbr1
+1 Reply
jeremy.jacques79 marcosfelipecfbr1
@marcosfelipecfbr1, the market is "squeezing" out all the margin (leveraged) traders that have put in long orders on the books expecting BTC price to go up, so when it goes down, it liquidates all of their orders and the market "wins", instead of the traders, and we all know the market loves to make fools out of traders. Honestly there is a lot of market psychology behind it, and sometimes there is some "market making" going on too (also known as manipulation but I don't like that term) but in most cases the market will do the opposite of whatever "the herd" is doing, so if there is ever an extended amount of people shorting or longing the market, then the market will go the opposite direction, almost every time- check out the charts and match it with the price action and you can learn a lot about how the price moves with speculation. Very interesting, ;-)
+1 Reply
marcosfelipecfbr1 jeremy.jacques79
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rare to see an ih&s work on btc haha
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