Short

WTF??

Updated

All Bitfinex sees here is money. Lots of potentials for liquidations to build their fund. When longs are liquidated results in a sell at market. Not exactly sure what this means 100% but to me it could be a very bearish thing for Bitcoin in the near future...

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Remember 90% or traders are wrong or lose money. Do you want to join this croud? Only the good ones in this bunch will get it right or survive to say so.

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If this were a price chart, I would be expecting a very sharp correction at any moment with little support built below a MATIC/BTC type red candle could appear here at any moment.

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One possible way to look at this, which may not be technically correct, but you are looking at the BTC bull run in this chart. Bitcoin must tap into this pool of funds in order to actually go on the run. In a world where everything has the opposite reaction than what you expect. Where dumps are pumps and buys are sells the cause and effect decouples from logical basis for the course of action taken, to deliver the desired outcome in a delayed type fashion, where its not about who is right or wrong, but more of who was in the right place but at the wrong time.

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More simple way to look at it BTC holding up a huge neon sign saying "HUGE PUMP TO MOON SOON" dumb money like moths to a flame swarming to neon sign bouncing off it piling all around it, in come smart money to remove them from the party right before it begins leaving a hand full of lucky moths who manage to slip in for the ride to the moon with Bitcoin.

Jmm111

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