It was PURE manipulation by probably the SAME team that dipped it from 6.2 to 4.5
Because the same patterns were shown in price action and orderbook.
Now the question is why.
These are the most probable 3 answers:
1) They have larger position bearish and they wanted the daily candle to close red. When they saw it pumping strong...they executed market sells to go down rapidly to the 37 support
2) they work for or are institutions that wait for some official way to enter cheap and can't allow a bullrun.
3) they are the banking lobby and just want to force desperation and finally giving up of the market. That is why I said - do not sell your bitcoin. It might come down to $100 - so what? you had a good chance... but higher odds are that we have $200k sometimes in 2020.
The biggest evil/enemy call it how you like for bitcoin came with the ability to short it - without it we would probably be already at 40-50k.
Goldman Sachs - every noob celebrates entering of the large institution in crypto world... 'legitimizing' it. Like retards - the bitcoin is 10 years present, do you really need some priest to bless it?
Learn to think with your own head!
Stop fucking relying on politicians, rules, big brothers to fuck you in the ass and tell you it's for your own good.
Goldman Sachs didn't enter to trade BITCOIN - they entered - read more carefully - to be able to BET on bitcoin movement — against it and for it. They have no, absolutely no benefit of the direction. They are doing absolutely nothing to help btc. They come with their big banking-level buy power so that they can milk the market.
And you celebrate them?
Every reward comes with a challenge.
I wanted to fuck one chick, but she was crazy in the head... so you have to guide through her bullshit to score.
Bitcoin is the biggest, fuck let me bold it how important it is...
Bitcoin is the biggest chance for freedom of mankind!
The challenge is, the idiots must learn that if you want freedom, it comes with responsibility for your own actions:
you send to the wrong wallet it's gone for good.
you get scammed on ico - it's gone.
It also makes you sharper, more attentive, smarter.
You want to fuck, but you don't want to use your own dick.
Rules and regulations are NOT good.
More people on the market = more competition = more better things by natural order.
If no institution entered crypto to protect you - if wall street didn't in early 2018 offer shorting - you think you'd be worse?
With bitcoin through the roof and us making money all around?
Then why you cheered and celebrated Wall Street moving in crypto?
Why you always have that need for someone to fuck you and tell you it's for your own good.
Why you need someone to 'regulate' things for 'your own good'?
As soon as you, yes, starting from you, first realize then grasp then share with others your finding... the sooner and the greater the chance we have to succeed with crypto to gain freedom.
The truth is - crypto is not a bubble.
The truth is - we as the civilization are RICHER THAN ANYONE KNOWS.
On every dollar you earn - governments and banks through their schemes take at least 70% of what you have.
Imagine yourself not richer in any other way but to get all the money you ever earned and not double it but add two thirds to it?
Imagine every month getting
It doesn't need bitcoin to make a bubble... it just needs to free you off of pest attached to your back sucking you dry and enforcing you to live miserably, while you celebrate them and call: "Come, chain us!"...
break off of that stupid bullshit thinking.
IF you don't truly want or are ready to be free, then fuck off of bitcoin, and go trade what they regulated for you - stocks or keep money in the bank.
If you do - stop clapping for every time someone close to big brother enters crypto.
They destroyed crypto. Because YOU weren't ready.
Not me. I am known to be against institutions from day one. You.
Maybe not you you, but then the majority of readers here and even bigger majority of non-readers out there.
Wake up Dorothy!
No institutions... today.. bitcoin = $50,000 + alts booming
institutions.. today... bitcoin = $3300
Do you trust your own eyes or you still think it's a good thing.
And then the institutions will come enter bring btc to $15k and you will say you see it's a good thing and not realize that without them we would be at 50k+
Also how will it come to $200k?
Not by institutions pumping and pumping money like nuts. They can buy now all they want... but by releasing the pressure they are currently making as a guests on our territory - making and manipulating our markets.
This is just my rant. You're free to disagree.
It has consequences though.