Репост из: WhaleTank [Premium]
Quick Update
You can see a lot of buys now on BitFinex, big buys 100-300 BTC at once.
We want to warn you that all these buys on Bitfinex are fake. Big player just transferring his money into his sell limit orders (hidden). And once small fish see aggressive market buyer they are buying too.
According to what we have seen 4 hours ago (3 big ask walls 200-250 BTC were eaten in 2 attempts), probably they are going to reach their last big wall at $5800 ($5500 on Bitmex) to load the big short.
If you are not following our recommendation to short and you are in a long position - tight your SL or exit long position.
We will add more to our position now and replace SL for #XBT trade. We will post instruction in 5 minutes.
You can see a lot of buys now on BitFinex, big buys 100-300 BTC at once.
We want to warn you that all these buys on Bitfinex are fake. Big player just transferring his money into his sell limit orders (hidden). And once small fish see aggressive market buyer they are buying too.
According to what we have seen 4 hours ago (3 big ask walls 200-250 BTC were eaten in 2 attempts), probably they are going to reach their last big wall at $5800 ($5500 on Bitmex) to load the big short.
If you are not following our recommendation to short and you are in a long position - tight your SL or exit long position.
We will add more to our position now and replace SL for #XBT trade. We will post instruction in 5 minutes.