I still don't get why this collapsed like a house of cards. I would have expected a slight or medium correction back into the $280s or $250s, but not into the low $220s... I know daytraders love volatility, but wouldn't a sustainable growth be even more fun?
Collapsed because the runup to the pump was fake already and the pump itself was utter madness. You been whaleraped because you can't read the markets.
The pump-whale took very high risk on this one and likely is glad to have come out alive. What helped the collapse were all the smart people selling the news (of course).
What you see right now on the screen is the market without much manipulation. Since the pumpers won't be brave enough to pump i guess a shortseller-attack is more likely now on this raped market.
Conditions are good for it but needs someone brave who is willing to take the risk and smash the walls. In case the chinese psychos don't want to we'll go sideways until they man up or sothing else happens.
I think market would even decline naturally (the slow death and slow bleeding we have come to love over the past year)
I think odds are good for slow or fast decline.
Not ruling out a random pump here and there which would provide good point to open shorts.
summary: I'm bearish as fuck
