BTC looks like shit
Comments
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AgreeMobeyB4Assholes said:Better be careful. Bitcoin has become akin to a triple leveraged QQQ. If the market drops, BTC will get crushed. As it is BTC doesn't like the money printing slowing down. And it's happening world wide.
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I got it going lowerLongDukDong said:The bitty bottom is in right near 40k. We are in the last phase of a wyckoff distribution and the spring will happen soon. Could take perhaps 1-3 weeks but we will be back to all time highs after that. Need to close above 46k to be considered on the uptrend again.
Leverage trading is one of the main reasons whales dump their shares in order to liquidate all the leveraged degens that end up losing it all. I would never fuck around with leverage unless you know what you’re doing and invest for a living. When you’re invested long or short in leverage, there is a líquidation price where you lose it all. Whales can see this and will liquidate when too many people are using it. Leverage was astoundingly high with this recent dump to 40k. -
I keep that confidential. I can't let all my trading secrets out.louism2wash said:@sonics1993 where are you getting this info about leverage? It's obviously happening but I don't know of any data showing how much leverage is in the BTC space.
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Come on, nobody reads this board anywaysonics1993 said:
I keep that confidential. I can't let all my trading secrets out.louism2wash said:@sonics1993 where are you getting this info about leverage? It's obviously happening but I don't know of any data showing how much leverage is in the BTC space.
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@sonics1993 how low we going, 38k?
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A few weeks ago he said $25k, and then the other day he said $35kLongDukDong said:@sonics1993 how low we going, 38k?
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I'm targeting 33-35kLongDukDong said:@sonics1993 how low we going, 38k?
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25k is later this year, 35k is short termDerekJohnson said:
A few weeks ago he said $25k, and then the other day he said $35kLongDukDong said:@sonics1993 how low we going, 38k?
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Interestingsonics1993 said:
25k is later this year, 35k is short termDerekJohnson said:
A few weeks ago he said $25k, and then the other day he said $35kLongDukDong said:@sonics1993 how low we going, 38k?
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I have it as big support at 40k but may wick down to 38k. Then back to all time highs. Should happen relatively soon. Bitty shitting the bed as we speak
