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TheBitcoinWizard
May 15, 2022 11:24 AM

BTCUSD Bitcoin - Short Sell - Longs hit extreme levels Short

Bitcoin / U.S. dollarBitstamp

Description

Hi Traders,

Unfortunately many traders lost money during the Crypto crash but I was fortunate enough to be on the right side and made some profit.
myfxbook -> BitcoinWizard

Leverage longs hit extreme levels at the 44,000 area, there was a clear flat spot and a sell wall holding it below this level where the bulls went balls deep.

I think the market is now in shock and the leveraged positions are un-winding.

On Binance alone there has been over 2billion leveraged longs liquated.

I do not think this is the bottom
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ECONOPEDIA
Good job. I enjoy seeing your ideas.
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