Don't use leverage, kids.
Yesterday's candle saw a top near $69,300, breaking the previous all time high... then a drop to $59,300, liquidating 1B in leveraged positions.
We have $10,000 candles. In a day. And price has bounced back to where it was yesterday at this time.
Be careful out there, remain in your spot positions, don't get shaken out. This is where the market gets absolutely insane.
Yesterday's candle saw a top near $69,300, breaking the previous all time high... then a drop to $59,300, liquidating 1B in leveraged positions.
We have $10,000 candles. In a day. And price has bounced back to where it was yesterday at this time.
Be careful out there, remain in your spot positions, don't get shaken out. This is where the market gets absolutely insane.
scott.melker@texaswestcapital.com