Guys,
What is going on??
Why are the bitcoin shorts just spiking up like this? It's crazy!
Two things are crazy: 1) it makes no sense for the shorts to spike up like that and 2) someone had to absorb that selling. Someone is absorbing the selling of thousands of bitcoin almost instantaneously.
My friends, it is obvious. We have a bitcoin bullwhale on our side! The shorts are going back up exponentially and the bullwhale is fending them off like small children. This is the most bullish event I have seen since the start of this bear market. If you are short, I would be extremely worried. No one just buys 1000s of bitcoins at the top like this for no reason. They are betting the bottom is in and that the price is going up massively. Because they are accumulating this bitcoin with leveraged shorts, they have the bears by the balls. Once the price rises, the bears must buy back to cover their losses.
Seriously, this is extremely fucking bullish. So, bullish, I am beginning to believe the bear market could be over - despite the technicals. I am not saying that it is over or that the whale is going to carry us, all I know is that I am long AF right now. Be extremely careful if you are betting against bitcoin. At the very least, have some stop-buys or something. Our savior and hero - the one we need not the one we deserve - might just be here.
Praise be to the bullwhale. All hail the bullwhale.
If I have been helpful, please like my work and follow me, it helps us both.
-YoungShkreli
What is going on??
Why are the bitcoin shorts just spiking up like this? It's crazy!
Two things are crazy: 1) it makes no sense for the shorts to spike up like that and 2) someone had to absorb that selling. Someone is absorbing the selling of thousands of bitcoin almost instantaneously.
My friends, it is obvious. We have a bitcoin bullwhale on our side! The shorts are going back up exponentially and the bullwhale is fending them off like small children. This is the most bullish event I have seen since the start of this bear market. If you are short, I would be extremely worried. No one just buys 1000s of bitcoins at the top like this for no reason. They are betting the bottom is in and that the price is going up massively. Because they are accumulating this bitcoin with leveraged shorts, they have the bears by the balls. Once the price rises, the bears must buy back to cover their losses.
Seriously, this is extremely fucking bullish. So, bullish, I am beginning to believe the bear market could be over - despite the technicals. I am not saying that it is over or that the whale is going to carry us, all I know is that I am long AF right now. Be extremely careful if you are betting against bitcoin. At the very least, have some stop-buys or something. Our savior and hero - the one we need not the one we deserve - might just be here.
Praise be to the bullwhale. All hail the bullwhale.
If I have been helpful, please like my work and follow me, it helps us both.
-YoungShkreli
Note
Volume also favors the bulls. Shorts have been getting weaker, but longs are growing. Could well be the turn of the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.