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7,737 Posts.

154

25/04/18

17:39

Post #: 32677480
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Originally posted by skypiliot ↑

Disclosure: Currently long BTC 1.39% from 6.9k

This is a nervous place to buy here, and if I was out of the market I probably wouldn't buy it unless with very calculated entry + stoploss.

BTC 1.39% is very close to triggering a lot of short-seller stops which would cause price to spike quickly as shorts scramble to cover. However, it has to get over 9.2k to do it.

Does BTC 1.39% have legs to trigger the stops now? Or will bears get a relief dip into 8.4k to retest the log trendline (and a good opportunity to close short)?
https://www.tradingview.com/chart/B...se-to-a-bear-stops-short-liquidation-cascade/

Find out in our next exciting episode of ....

https://www.tradingview.com/chart/B...se-to-a-bear-stops-short-liquidation-cascade/

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Crazy volume coming in on every dip, looks like crypto is setting up for the trillion dollar + market cap by end of year.. going to be a nice xmass again
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