Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Bitcoin is constantly losing momentum on the way up. Maximum pain would occur if we clear those stops to the upside thus taking out the sellers and then break bellow 4040 level so that buyers are trapped. This will eventually lead to cascading liquidations that would help push the price further down to 3600 level since there has not been any major retrace during this run to the upside.