@JohnCena
I just chickened out and removed my 31.4 bid. Stuff looks bearish. I think it will go into the 20s.
The 31.4 bounce strategy was already played out twice last week. The whales will probably get those bidders rekt.
Not sure now.
That's what they expect everyone to do, similar concept to stop-loss hunting, they almost stopped me out of a great position I got in very cheap.
These **** will look at that order book and see the cluster of bids and stop-losses of retail traders all around the same expected areas and get them rekt.
You will not front run the manipulators, whatever the popular sentiments are, the opposite will happen, I am expecting either a 20-25k BTC or a big breakout this weekend which are two scenarios people expect the least to happen.
20k is more likely and better for risk/reward strategy, they certainly need more time to accumulate and accommodate new institutions which is a great buying opportunity for the rest of us that missed out on the bargain prices of last year.