Real Reason Behind Bitcoin Sudden Pump Of $1200...

in mgsc •  7 years ago 

Chart.PNG

This big green candle in bitcoin is because of Bitcoin futures.

Not any news, not any event, not any FOMO but only because to liquidate the positions in Bitmex.

From last three weeks, bitcoin can't break 6800$ resistance, many times it tried but at the end it failed to break.

Traders earn so much by shorting the bitcoin from 6800$ level.

But this time when people open short positions for a large amount of money from 6800$ level, it breaks it with a high force of buying. It results in liquidate all the short positions and make traders loose all money which they earn previously by shorting the bitcoin from 6800$.

You all can see the below white line which was resistance. that is 6800$.

Now i can say that you all know the reason of this pump.

Thanks for reading my post.

Please upvote, comment and re-steem my post.

mgsc bitcoin cryptocurrency steem steemit
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    17 votes
    9
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    EVERYBODY YOU SHOULD INVEST IN BITCOIN

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      2 votes
      [-]
        ·  7 years ago 

      People need to understand that it is future currency and in coming years it will boom the technology.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        Yup, you are right. Traders were shorting, thinking that there will be a dump like in the previous cases. Instead, the price rose this time, which made them loose their money.
        Sumit Kapoor already predicted this b4 in one of his video, and exactly that happened

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          1 vote
          [-]
            ·  7 years ago 

          I also lost my 0.01 BTC in this trade.....i saw Sumit Kapoor's video,,,he is a amazing person with lots of knowledge...

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            1 vote
            [-]
              ·  7 years ago 

            If you liked my post then please re-steem it...

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00
              1 vote
              [-]
                ·  7 years ago 

              Don't mention about keep it up

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

              Submit
              $0.00
                1 vote
                [-]
                  ·  7 years ago 

                👍

                Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                • Disagreement on rewards
                • Fraud or plagiarism
                • Hate speech or trolling
                • Miscategorized content or spam

                Submit
                $0.00
                  1 vote
                  [-]
                    ·  7 years ago 

                  Hi, I am Sohag form Bangladesh. I am new on Steemit or Your Community.

                  Please read the post: The Amazing Software For Your HDD

                  I have given you an upvote. Please, you also give me upvote.

                  https://steemit.com/success/@mdsohagm752/see-bachelor-s-life-create-your-own-success-story

                  Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                  • Disagreement on rewards
                  • Fraud or plagiarism
                  • Hate speech or trolling
                  • Miscategorized content or spam

                  Submit
                  $0.00
                    [-]
                      ·  7 years ago 

                    Ok bro

                    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                    • Disagreement on rewards
                    • Fraud or plagiarism
                    • Hate speech or trolling
                    • Miscategorized content or spam

                    Submit
                    $0.00