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ItoroAbasi
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Bullish
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with all the shills always posting mt gox and german gov selling
btc
, alot of people who open short is going to be busy covering the margin and getting slaughtered soon as price is corrected following usa market open after closing for 1.5 days
#BTC☀
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BTC
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+2.49%
256
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monday will always have short dump to liquidate those long positions with 5x or higher while also plant more bear traps. you will hear alot of KOL telling you its going to crash to 4xk or 5xk so you open a short with high leverage so their long pos will be able to profit off you. early monday without intervention of us market will always be easy to crash the price with just few hundred millions. As always, do not gamble in future markets, spot trading and u will always do fine. #BTC☀
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real reason why it crashed to 52500 #BTC☀
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the only reason btc hovers btw 58 to 62k is becaause most long and short pos are opened with high leverage. they will keep getting liquidated until more pos are opened with low margin (liquidation price at 70-72k). #BTC☀
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for newbie traders, dont listen to kol just because now its bullish and you open long positions with high margin, you will just be liquidated by short term fluctuation. just do spot trading and dont buy future. future is gambling. more than 120m long positions have been liquidated in past 24 hours. #BTC☀ #BullRunAhead
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120m dump and still consolidate in 56.5k, good sign of bullish the whale is trying to liquidate the long pos opened today, but failed because of high buying pressure from nyse, soon we will see it go back up to 60k and onward. #BTC☀
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