1. Pump volume from about a day or so ago was pathetic and weaker than not only the dumps that preceded it but the dump that just happened / is ongoing. 2. There was zero momentum following what was basically the only pump we've seen in days / weeks. Volume dropped off immediately and we went almost perfectly sideways until dumping. 3. Prior pump was followed by incredibly obvious and strong bearish divergence. 4. RSI on all time frames longer than and including the 2 hour show that there is easily room for another $250 or so drop in the near term. And BTC has shown a willingness to achieve record low RSI regardless (which it has done twice now). 5. Shorts at reasonable levels, eliminating the possibility of a short squeeze event like the one in April. Longs still quite high, incentivizing market makers to push the price down farther. 6. A month of pretty good news did NOTHING to stop the dumping, and it's only a matter of time before the next major FUD event.
Face it, it's done. Once we pierce about $6800 or so and invalidate the triple bottom theory the dump will be absolutely massive.
I'm sorry sir. But if the price drops to 6.850, we can't mine and we will spend all the money earned selling our btc to buy hard. And our fid bags are very big. When all of you know how we are communicating, it will be funny. Ever in front your eyes.
Angel Hughes
We need to get the quick rich idiots out anyway. To many people waiting for the next run for "massive gains". And dude idk get rich quick LMAO.
Once they panic and sell the market will have time to recover, still to many moon posts of normie bagholders. They need to go.
Jonathan Jenkins
i'm beginning to think you are right user, i dont like where the market is going the last weeks at all....
Nathan Richardson
over a billion fake USD in tethers in the market this month and it still can't save bitcoin
Justin Johnson
Not with Finex/Mex/CME/CBOE manipulating this shit into the ground
Brody Ward
>But if the price drops to 6.850, we can't mine
Ever thought about its because of a litte thing called o v e r s a t u r a t i o n. Jesus christ you nerds are stupid. You can't just start some shit and expect it to be profitable. "but sirs bigmacs can't be cheaper than $80 dollars or else these 15 mcdonalds on the street will lose money"
Carter Russell
You don't understand the game. We hold the price because we are investing in it. If prize drops it'snt a problem, then we stop machines and buy with previous profits. Not is so dificult to understand. Your MCs words game, if i spend 7000$ to grow a cow and sell it for 15000$ hamburgers, if hamburgers price drops to 7000$ i dont sell my cow, i eat it. we are not going to sell at 2 thats cost 3 make.
