dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?
Yep, BTC market rulers wanna less shorts before they start a final rape, nothing new.
1) Post a rumor (like OKCoins 20 bln$ hedge fund on november 12th)
2) quick buy 3-5k of BTC to provoke fools
3) look at the fools canceling shorts
4) wait until fools go full
retard long on rumors and incoming next auction news
5) create a quick coordinated dump like previous one and retest "bottom" to force a final shake off (on next auction + some rumors news)
6) make a real reversal once stock markets starting to collapse (1-2 months)
They made same thing on the last auctions spreading rumors. Welcome to non-organic manipulated by its own Bilderberg BTC club "market".
Why do you keep posting this?
Anyway, nice bullish action following the recent intermediate top. Let's see if we can push 300 this time round.
Edit: still just shy of 20k shorts..excellent - the fuel is already there to propel us well into the 3xx's..