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CRYPTO MECHANIC
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$ADA
Gave that whole move back as expected.
Yep, I am not surprised.
CRYPTO MECHANIC
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Would not be surprised if $ADA gives this whole trump move back as long as it's under $0.91
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CRYPTO MECHANIC
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Nothing much going on there on $BTC Price trading between the monday high and monday low. US non farm payrolls (NFP) data is due tomorrow that will probably give a direction.
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Okay Mr President
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Just an hour before i said it will end up going lower. and now it dumped over 50% in an hour. But it must be a late dump for most of the traders as they got liquidated on this sharp move up. $45.73M was liquidated on $ALPACA , including one trader who got liquidated for $3.98M.
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The market makers literally destroyed $ALPACA shorts. Will it happen with other tokens getting delisted? Well With Alpaca it was different because alpaca had futures pair also. Traders shorted it thinking it will go down because of delisting announcement (The easiest money they can ever make) but guess what happened they all got busted with a 20x move in just 7 days. Eventually it will end up going down but this is the perfect lesson to learn that the market can always do the unexpected. I never touch tokens that about to delisted.
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When the market is going up and it randomly takes a sharp dip down to liquidate late longs. That’s the kind of dips i like to play with bigger amount and that’s the opportunity you can always avail. It gives you a quick bounce in short period. I have publicly played it so many times most of you may know it.
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