What happened there? I see many coin gave a big move down. | CRYPTO MECHANIC on Binance Square

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What happened there? I see many coin gave a big move down. $ACT alone dumped -50%

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ACT

0.0543

-0.91%

100.1k

0

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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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Bitcoin is stuck around 95k for a week around last month’s high. It’s not able to break out yet. Just one move up to liquidate bears calling for $70k and now stuck at key supply zone. Something I don’t like to see. If we really are back in bull market. I think the market should keep pushing higher. Many altcoins are also slowing down. They were moving strong a few days ago, but not anymore. I really want to see a dip caused by late long liquidations. That kind of drop can give us a great chance to buy cheaper and catch the bounce. Not going to hold anything for long term. Will just play short term moves that too as long as we are trading above 88k - 90k.

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