Can someone explain me what was this shit?

Can someone explain me what was this shit?

Attached: fuckinnig.jpg (592x734, 31.53K)

Me buying the dip

Are you new?

Chinese ponzi scheme bots triggered to sell at a certain price, met with weak hands panic selling.

Shakeout of weak hands/nervous noobs etc

There will always be corrections on the run up

Looks like a flash wick to the downside, it happens when the price goes down but then comes back up before the candle closes. Try looking at it on a shorter time frame and you'll be able to see more of the action

That's a bunch of newfags getting raped

a dip

Mumus got liquidated, then the Bobos fomoed in and go liquidated too.

Stop hunt

Wait, my long isn't safe against scam wicks? I thought it protects me as long as the candle doesn't close.

Who causes this and how to know when its the next one going to happen?

The answer is in the pic you posted.
t. fren

Attached: 1587260170946.png (1280x1063, 853.1K)

>who causes this
Whales
>how to know when its the next one going to happen?
Ask whales

There is no way to know. Also this shit pumped to 18.4 or whatever in no time and then quickly retraced and held support at 17.5, where it remains today, although it briefly hit 18k again this morning. So this pump and dump was just a shakeout of weak hands. Id only be concerned if they price began dropping below 15.7k.

Is this avax? I think chance to jump in

This is a chance to buy the local dip dear user i'm buying more btc and some alts as well

nervous fags being great reset

Shill me your altcoinz degenssss

just fucking buy the asset instead of using (((leverage)))

Mine is avax

RVN and AVAX mate ;)

really? mine are exactly same! mostly rvn and avax but rvn is going so bad :'(

While many new listed shitcoins are in bloodbath, Avax stayed strong.My only long term bag.See you next year bitchess

>Wait, my long isn't safe against scam wicks? I thought it protects me as long as the candle doesn't close.
BWHAHAHAHAHHAHAHAHAA

Kek I put in an order for 17450 and it filled during this drop. Based.

Okay so sit on pap's lap and let me explain. You see, number line go up, but number line go up and down too while it go up. Companies like CNBC and cointeelgraph make money by convincing people they "know" why every movement occurs, when in reality it's pretty fucking random and you literally won't fucking care about this meaningless movement even a week from now. Regardless you will click some news article claiming to know the reason it happened and they will get their shekel and you will feel soothed.

LONG lower wics like this is BULLISH AF

Bear trap newfag

these types of moves will increase in frequency and amplitude as we move towards the new all time high
its to shake out the redditors and high leverage gamblers
in the previous cycle this was caused by whales dumping a fairly large sell order all at once hoping to trigger a panic sell in weak handed faggots so the whales can buy back in at a bottom and increase their stack
the effort and risk might not even be worth it for the whales, but i would do it do just for the lols if i could

however today there exist chink gambling casinos where idiots still bet with high leverage
crypto is still an unregulated market anything chink related doubly so
so the house can see the exact payouts at which price level for they have all the data of people positions they then fire up the tether affiliates and move the price shortterm up and down to liquidate but mumu and bobo
tl;dr: don't gamble on the chink exchanges

looks like a merhant