Bitcoin Death Cross
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I told you so many times the bull market is over
I exactly hope your right 😮
I dont find the Death cross very helpful. People still believe indicators magically forecast the future while in reality most of them just summarize what happened in the past. Death cross does not mean "Bear Market". Death cross, just like the golden cross, basically just tell you we had been mostly consolidating in the mid term past. When markets consolidate for very long in any timeframe it means the next breakout will be stronger and stronger the longer we consolidate to either side because liquidity has been building up around the consolidation since the price hasnt been there for a long time for trade to happen. Price always goes there where trade is happening – preferably the side where more trade is happening, which is also preferred by the market maker because: More trading means more liquidity and also more trading fees occuring, which is good for the liquidity providers i.e. market makers. Sometimes market makers manipulate the market to head to the illogical direction and right back to the logical direction to shake out smaller traders (also known as "fishing") and attract even more liquidity on the other side. Right now shorts are piling up. Just look at the liquidation leverage map.
For every cumulative long liquidation there is 10 times as much cumulative short liquidation. Obviously down is the illogical direction but when everyone is in fear, whale attract a lot of selling (i.e. shorts). To me this looks like they are just setting us up to privide them even more capital to the upside because you know what happens when short positions get liquidated. They are FORCED to buy the ceaply accumulated Bitcoins from the whales at VERY HIGH PRICES. They have no coice – they MUST buy at the ATH. Thats what we call "short squeeze".
Last chance!!!1 Super duper hooper scooper last chance this time.
Just brought more ❤