One of The Main Reasons Why BTC Doesn't Go Up Like Before and Keeps on Dumping is Margin Trading Platforms and One of The Big One is BitMEX
Yes...!! BitMEX
Bcoz These Guys Liquidates Our Small Positions Like Crazy......!!
Let's Say 80% People Know That BTC Will Pump Up from 6000 Support and Mostly What People and Us Will Do
Yes, We Will Open LONG Positions
and Whats Gonna Happen Next
BitMEX Will Liquidate Our Positions By SHORTING BTC....!!
That's Why You Will See Large Large Wicks on 1Hr. or 30 Min Candles
How Does This Work?
Let's Say, Price Will See a Pump from 6000 But The Candle will Go Below 6000 And after Liquidating Your Position Price Will Bump Up and Will Close The Candle Above 6000 by Making a Wick on Candles
That's Why We Strongly Recommend You to Put Stop-Loss on Every Trade
The SEC Will Not Approve ETF if These Kinda Manipulations keep on Happening Time to Time, Bcoz They Don't Want People to Lose Money During This Manipulations/ Pump and Dumps on BTC
ETF Proposals will Keep on Coming and SEC Will Keep on Rejecting Them Up
These Manipulation Thing Needs to Be Stopped
We Do Feel Another FOMO Will Come To BTC by Mid Sept. But We Do NOT Think ETF is Going to Be Approved by The SEC on 30th Sept ‼