Given enough working capital I can break any market
Discussion
I don't have pockets deep enough, but if the WiZaRd-tards can raise capital with JPEG marketing, we can surely raise capital to crash the hell out of that shitcoin market.
I think this might do much to clear the mempool if we hurt the shitcoin financing.
We should start a market-crash-as-a-service business. Invest in us and we'll crash whatever shitcoin you want. It's all about timing to maximize the panic response from other market participants. It's easy to do to a lot of these markets with just a few million. Big market caps like eth will take some big guns.
If we can get Binance or OKX to sponsor or provide support we can pretty much guarantee success on these BTC20s.
They can even stop loss hunt for us.
Binance wins, VCs win, mempool wins, shitcoins lose.
Sounding better and better.
All we really need is for them to give us a read on their overall client positioning. Once everybody is long there are no more dip buyers left and it's time to make the market dip.
70% of open interest in that shitcoin is already long.
Soon™
Tank it! 📉
So the best setup is to be accumulating lots of longs while price is trading in a range. Then when price is drifting near the bottom of the range you suddenly drop a massive limit order about ten ticks below the range. Visually the price chart punches down below the range and sticks there for a minute. What you don't know is how much money is on the sidelines or what it's waiting to do. If they buy up your limit order right away and push price back into range you were too early. If it sticks down there for a minute two things happen. Shorts start to chase the breakout and longs start exiting becoming sellers also. Then it dumps.
We should estimate the longs' stop loss, and calculate how much capital we need to swing the price to cascade the stop losses?
Starting to shape up to a "pitch-able plan."