I been online luckily to take action on this, but that fat 1k candle.. oh man. Amazing. Bitmex as usual got freezed a bit while on PrimeBit you could play it like a pro with 0 lags.
Okay so price dumped mad but what else ?
Hashrate. 40% of hashrate disappeared today.
400 million USD longs liquidated on BitMex..
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Been watching and waiting for this for weeks. Kind of exhilarating when it finally happened. Sorry to the weak hands who had to bail, but a decent entry point for anyone with the dry powder. I am just hodling on and adding weekly no matter what.
china is not dumpin so far
I noticed that as 9PM rolled past. Well that 8500ish gap is now filled so with that monkey off our back maybe we can just get back to breaking 13K. Wouldn't that be nice.
One more dip and we all good! Target $5300-$7500. Stack some small longs now at 2x and cost down baby!!
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hope not but who knows
It was odd that the hash rate dumped like that several hours before the price did... correlation?!
and theres no news on the reasons, very strange
Yea usually some large mining farm gets flooded or damaged or shut down when we see hash rate drop like that... strange.