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Short Maestro
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Well $SOL is magically pumping. I said I am done with this shitcoin, it's so manipulated. But some of you still wanted to trade it, and well that's how risk and reward works. The risk was insane. And this is the result. I personally shorted like 1% of my capital, because as I said in my last post I am already too busy with my $BTC long. I closed SOL short at a loss, don't have the energy to care. Just added every remaining fund to BTC. The reason why SOL is not worth your time is, because one group or person owns millions of supply, while controlling the buy/sell order. You can see in 1 min candle that when it pumps, sometimes the volume and live trades (amount in USDT) are so low, yet it somehow omega pumps. It's because whoever is controlling the market is just cancelling their sell order. They can also buy their own sell order... Plenty of other ways to control. HUH? How is that legal? It is legal on crypto. You do that on the stock market it's illegal. #ShortMaestro

Well $SOL is magically pumping. I said I am done with this shitcoin, it's so manipulated. But some of you still wanted to trade it, and well that's how risk and reward works. The risk was insane. And this is the result.

I personally shorted like 1% of my capital, because as I said in my last post I am already too busy with my $BTC long. I closed SOL short at a loss, don't have the energy to care.

Just added every remaining fund to BTC. The reason why SOL is not worth your time is, because one group or person owns millions of supply, while controlling the buy/sell order.

You can see in 1 min candle that when it pumps, sometimes the volume and live trades (amount in USDT) are so low, yet it somehow omega pumps. It's because whoever is controlling the market is just cancelling their sell order. They can also buy their own sell order... Plenty of other ways to control.

HUH? How is that legal? It is legal on crypto. You do that on the stock market it's illegal.

#ShortMaestro

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$BTC Key support/resistance for Bitcoin: 68.5k, and 66.5k are the main support. 68.5k is likely to be broken in the next few days. However the real support is 66.5k. If this support is broken, there are massive long liquidations. Conversely, the resistance keypoint is 72k. From 70.5k to 72k, there are short liquidations stacked. However after 72k there is no more liquidity, meaning BTC needs to have real cash inflow to pump from here. It's likely that BTC will not exceed 72k if a major pump does happen. Overall liquidations favor shorts. In the 1 Day timeframe however, a lot of longs got wiped by the flash dump which occured a few hours ago, sending BTC from 70k to 68.6k. Since daily market volume is very low, it is unclear how the intraday market trend will play out. The reason for low volume is probably due to many uncertainities that can adversely affect the market. Most prominent examples are: Mt. Gox potential sell off, and US elections. If Mt. Gox does have to unload their BTC holdings to pay their debtors, their 200k BTC holding will be free. That's a LOT of supply. And since the market has operated as if this 200k did not exist the last 5 years, it will be absolutely shocking. Even if they don't unload, the potential threat of the slight possibility that they might actually do it is enough to hold back the market. Which is why everyone is holding their cards, and market has no volume. To be honest, most of these price fluctuations we've seen the last week is just margin of error. #ShortMaestro #MtGox
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$BTC $ETH $SOL Market has almost no volume. Even BTC volume on both Spot/Futures is absolutely bottoming. This is a typical sign of a dump, we already dumped today but it means there is no rebound soon. 1 minute candle right now doesn't even move. Market is frozen. After BTC went to 24 hour low of 66700, the rebound was a low volume pump. This kind of market has historically lead to long, and slow bear market that would last a year. The rebound couldn't even go above 68k. Combined with major events such as Mt. Gox selloff, high interest rates, no more news to sell for hype, BTC is slowly falling and will continue this trend unless a game changing event occurs. I believe people got wary of crypto real quick, too high expectations generated from media. The general public was fed with some absolutely ridiculous "analysis" and "predictions" of BTC going to 100k, 300k, even 1 million by actually influential people. Obviously that was not happening, but most of them only realized now. ETF had way too much hype for what it really was. A proxy method to invest on Bitcoin when there are easier methods available since years ago. The inflow was not significant as expected. Also, BTC had way too much "Invisible supply" that were hidden from the public. Such examples are Satoshi-era wallets that gets reactivated after a decade. Mt. Gox also ceased operation since 2014, which is a LONG time ago. BTC was not even $1000 back then. But the market decided that these potential supplies, with massive quantity will always be "lost" and never come back. And we had this pump from 40k to 74k after ETF. Clearly the pace was too fast. The only way BTC gains more interest is by breaking ATH again, or going so low, to a price no one ever expected a month ago. This way speculative investors will join in and it will be a casino again. Market will be so volatile but atleast we get volume. #ShortMaestro #MtGox #ETFvsBTC
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