The more times Bitcoin rises in the way it has been, the more long position stop losses (sell orders) are being accumulated and left in tact.
Bitcoin has been repeating this accumulation of long stop losses since the lows of 16,000.
Fast move up, slow sideways down sloping consolidation, fast move up - repeat
Expect a very fast, and drastic drop any moment now.
Bitcoin has been repeating this accumulation of long stop losses since the lows of 16,000.
Fast move up, slow sideways down sloping consolidation, fast move up - repeat
Expect a very fast, and drastic drop any moment now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.