Bitcoin - Bear Hammer Continues to Pound Price

BINANCE:BTCUSDT   Bitcoin / TetherUS
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it might be bearish, but this might happen

enTHUZed nagihatoum
@nagihatoum, in the cryptoverse anything is possible my friend
Thanks for the videos. I am learning more and more about TA and proper use of indicators. Do you feel that influx of leverage trading going on has had an impact on the price lately? It seems there is quite a bit of manipulation going on. On Bibox it seems when price starts going a direction there is a long wick in the opposite direction wiping out stop losses and liquidating. I've also noticed any time leverage is above 10x I'm stopped out, to the point price goes literally cents past the stop on alts, then right back up.
enTHUZed Apollo_721
@Apollo_721, You are are most welcome. I do not think leverage trading is impacting the price right now. The low liquidity and thin order books right now are creating a lot of "whipsaw" price action. The long wicks on Bibox are typically positions getting market liquidated and clearing the order book. I take advantage of this by placing limit longs well below pivot lows to scale out of short positions at much higher profit levels than the index price. I rarely go above 10X. If you are a new trader stick to 5% of your trading account per position with 3 to 5X leverage. Inexperience and high leverage are gambling. If you would like some one on one help PM me in our group.
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