Whales and Institutions EAT up over leveraged gamblers in BTC!
Time and time again we see whales crush over leveraged positions - today it is a combination of institutional investors and whales taking YOUR gambled money! We have seen these wide range trends since BitMex and it has only gotten worse as more leveraged trading exchanges are available globally. Don't lose your hard earned money GAMBLING in a market you do not understand and cannot T/A reliably.
Blue box = liquidation zone for over-leveraged longs and shorts
Do not rely on T/A in the Bitcoin market, time and time again, the charts setup for "obvious" moves in T/A and whales/institutions crush the 10/20/100x leveraged traders because the market has such small liquidity and can be moved very easily.
Blue box = liquidation zone for over-leveraged longs and shorts
Do not rely on T/A in the Bitcoin market, time and time again, the charts setup for "obvious" moves in T/A and whales/institutions crush the 10/20/100x leveraged traders because the market has such small liquidity and can be moved very easily.
Trade active:
Looking for a small position entry around 7600 if we see the buy volume start pouring in. My exit target will be above 8200, maybe 8400-8600 depending on strength. CME futures are closing Friday and notoriously this has provided for a massive BULL wick.