my version of the real capitulation would be guys calling for 911 and mama, talking shit here about the worst investment ever & not calling bottoms anymore.
You would think, since we touched this level 3 times in the past month alone, the bears would just give a shrug instead celebrating like we're at penny BTC already...
let me explain to you why 235 is "hodling"...accumulation did happen in 200~230 range and lower ofc. but most of the longs on margin opened right there. we will see how profitable they were once we go under.
The only way this doesn't work is if they don't have huge collateral, and we are talking about whales here, so they cover their own asses. They don't get squeezed like small fish. They can easily push the price back up to close their longs if it doesn't naturally. That's why you see the ask walls on finex vanish as the price moves up. They are just moving their longs for sale to a higher price to get more profit.
well, fuck them.
let them play their coin games&wars on bfx. price is already lagging a lot there.
bitstamp is empty, china is looking forward to dump!
so let's see how much profit and money will they get and from who.
Maybe market maker is filling his longs while he is pushing us down? That is why we don't see big liquidations. Simple way to triple your btc/$ holdings if the price doubles.
no, underwater bull providing some support on margin.