Could this be the beginning of the next BTCUSDShorts Bull Run? Short term bearish action seems likely but recent events have taught important lessons. Amateur bears rekt. Professionals will still try to gain control. Meanwhile, bulls prepare for the next ambush.
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BTCUSD Shorts almost bottomed out. Now, whales will short as retail traders are too scared.
This didnt help bulls case would have been better in the 5 k range
designschmiede
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What do you think?
All long positions will be rekt?
Thank you and greetings from Germany
I think we go down soon
caduceus
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@designschmiede, thats what i think, but to a certain level, they will try to pop some stop-loss on some longs but i believe that when they do that, other whales are ready to open a massive amount of longs at 6.860-7.333 levels so its gonna be difficult to make the play because too many people will want to buy at those levels, so it may not be worth the dump if you cannot accumulate enough cheap btc... only time will tell, the short squeeze was too predictable but i'm not so sure about this one, at least not at these levels, they might wait a little for the fomo to kick in and start opening shorts at 8.400-8.888 before the dump