Bitcoin Price CRASHED more than $1000… Why?

29 Comments

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3. Here's a little news, Binance is holding my crypto hostage, I can't sign in to my account unless I do KYC . . thankfully I'd withdrawn most of what was there recently . . about 0.035 still there . . vs. privacy
   To anybody out there, I'm interested to know what you would do?

4. When the price goes up people talk about institutional money getting in but when it goes down nobodys says oh institutional money may be dumpng to keep the price down while there accumulating.

5. NEW TARGETS: 5k and 4k.
   Be prepared.
   —————–

6. Kid Always Great Information.

7. I feel that what happened was started of course by some big player(s) and of course we can see the volume.

   I think it was an attempt to trigger some bot trades to actually get it to go up too fast, and over-correct, kicking in lots of FUD and bot stop loss.

   The goal of such a whale manipulation? to invest a relatively small (to a whale) amount towards triggering a drop, which as you can see did occur. But what gives me optimism and heart, is that the NON whale market almost immediately reacted to bounce the price back up almost to where it was before the big move.

   You can say 9K was tested and failed, and it was, and it did. But you can also say that a drop that is catastrophic, at this stage of the game, is more and more unlikely regardless of bull or bear markets.

   Bitcoin is always going to have a bottom, but that bottom is going to be more and more stable going forward, and higher going forward, and the big money manipulations may have their effects, but the peaks will be lower and the valleys will be less deep going forward. Enough to still be a roller coaster, but not like 2 years ago.

   We will get massive X'ing over time,. but we are unlikely to see the spike of 2017 until that spark that makes EVERYBODY want it NOW, which is still years away.

   Bottom line, if this is a crash, or the beginning of one, please crash harder, I want to buy more at better prices. But I think you guys are thinking with last years mindset. I don't think it CAN crash too deeply at this point. Even bad news barely dings the price.

   The bad dip was mostly bots and fud., It was not based on loss of intrinsic value. And the 9 K pump by whales? I dare them to do it again. 3 months from now 9K will be a buyers dream.

   I like how the market KNOWS where to go now. It is behaving much more like a hard commodity than it was a few years ago. Take heart, and don't over analyse it.

   No this is not a bear signal. Not even close. It was transparently just a manipulated spike that lost somebody some money as they sold too much and too many quickly, and had the desired effect of the bounce, probably because somebody WANTED it to reset MORE. Take heart that it refused to reset more than a few hundred dollars from where it was a few days ago!

   That's my 2 Satoshi's.

   Databyter

8. I'm in for the long haul….for years….Be patient….

9. It crashed so us pimps could buy low and sell high!!!!

10. This guy is full of shit he tell u not to buy when it’s low and say it could drop when it’s high. And whatever happen to him cry wolf about Ian balina suing him how did That turn or just a bunch of bull shit

11. Sunny this is what happens in a bull market. Massive price increases followed by large corrections!

12. All of the chart people are going to hate me, BUT…….. yes, I'm ABSOLUTELY certain the CME contract end date (last Fri Month), has 80% to do with with the price action which just took place. I was counting on it! Early 2018 the CBOE & CME affected the BTC Mkt. But then they kept Shorting it month after month…… to the point there was no more profit to play. Now BTC Price is high enough that they can play on top of us again. Yippy! Old pattern in 2018 – Thurs was the biggest part of tank (most would do there thing), Fri BTC would go up – BUT the hold outs would crash BTC back down right as the Bell rung to meet their bottom. Then @ Monday BTC would be back in business as usual. But I bet 2019 will be an even dizzier Roller Coaster with all the new aspects (new HUGE players) affecting BTC. I went long EOS @ 2am USA – yaeeee for me. Yes……… BTC is the King, but now I have more $ to buy back into BTC & get even MORE!!!!

13. Probably manipulation by institutions who can't get their act together and are afraid they're missing the boat.

14. don't short to make money. short to break even

15. This video has been approved.

16. another clickbait omg Sunny Its hard to belive You are in crypto from 2017 lol end title why??? seroiusly?? Bro if BTC pump 1k in day why it can t dump 1k in day same like I told Bart chart style still in play till Bitmex won t be shut down beter prepare for another 1k down leg weekend

17. Sunny Well said.

18. There was a gap on the BTC CME future from the 24th to 27th of May. There is another gap 17-20th may (7170) that has not been filled. Nearly 9 out of 10 gaps are filled. Those gaps are filled overnight (GMT) when everyone is sleeping, easier to manipulate. So maybe a long position around 7200-7300 is a good idea, just in case 😉

19. Drops like these don't affect me on an emotional level anymore. Poor rookies though xD

20. I'm interested to see what happens over the next decade….I look at cryptocurrency like buying lottery tickets or gambling with much better odds

21. Bitcoin fell around 11am not at night.

22. This is still likely to be a bear pullback sell setting up. Be ready to short around $11,700

23. moonboy

24. the pullback wasnt large enough in my opinion. i want a multiweek pullback to prove there is strong buying pressure in the lower levels.

    I also just applied for a job at Bitmex in San Francisco….they have an office in the usa, but wont allow us to use the platform. 😛

25. Why! because BTC is worthless and going to 0. BSV is the true Bitcoin

26. There was a gap from 8.2k till 8.5k.
    Drop to $8.1k = CME gap filled.
    A gap on the daily never stayed un-filled so far. I still wonder about the 4H, though. Still a gap to 7.1k and a small one at 3.5k from "recently". The rest got filled aswell.

27. Dont get caught sleeping, go ahead and take your loss. Bitcoin is a waste of money. If you want to live a wealthy live get a traditional IRA and save your money kids. You got growl at the dog bowl to get your food

28. Integrate bitcoin on ponzi-scemes.

29. Awesome video Sunny! and I love how your not selling/pushing a "bitcoin academy" on your videos ?

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