I hope you are doing well and I'm glad to welcome you to my page!♥️
Have you noticed an interesting buying of liquidity, that happened 10th of October on Bitstamp? Maybe someone made a big purchase😆?
For trading, I use another platform, on which there were no such moves!🤷🏽♀️
For analysis, I like Bitstamp because there is more price history presented here! On 10th of Oct, another important event happened for Bitcoin, we broke another downtrend!🎉
Ahead is the main resistance at the junction 64k - this is ATH!
I think it will also be broken upwards, but for now the levels for partial profit-taking are 61-62-63k!
Today I will try to make an analysis on a higher time frame!😘
Thank you for your interest in my analyzes.😊 I try to be always sincere with You♥️ Your Rocket Bomb 🚀💣
it was a set of trailing stop losses on bitstamp that caused the liquidation and the subsequent buy back was probably those who had stop loss triggered as bitstamp does not use leverage
iaretheanimal
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Very insightful. If there is enough momentum I can see it topping all the way at previous high 64k. Double top drop after that followed by a hunt for more liquidity.
simplejoe1
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that wick down to 51k was a market manipulation. it is only on bitstamp