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/
