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Aps3
Dec 4, 2021 8:55 PM

ETHUSD V-shaped leverage liquidation recovery Long

Ether / United States DollarCoinbase

Description

A study of all the leverage flash crashes that have occurred this year lead me to believe this pattern is similar. I've studied the exchange data, and Coinbase Pro exchange buying surpassed selling by 4% while the foreign exchanges still bled. In addition, net flows show rather than a total liquidation to USD or stablecoins, alot of the bleeding in the market flowed into ETH, SOL, MANA, MATIC, and a few others. Lastly, I don't mean to sound too bullish, but this is the exact leverage flash crash pattern that has played out each time this year. Now, let me append this by saying I don't day trade, so today was simply a buying opportunity for me. I have 95% of my portfolio in big caps that can be staked, or in lower cap DeFi tokens on Dexes, so today was just a discount early Christmas. Considering I buy with a 5-year plan in mind, today doesn't scare me. If we sold of 90% tomorrow, I'd probably cancel my order for that Lamborghini, but I'd put in some buy orders and close the laptop.

Comment

ouch. bears win today. LTF suggests more bottom.
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