BTC: Leverage Traders Are Getting Punished
Every time I see these repeated Bart patterns show up, where it spikes up for a short period of time and slams right back down within a couple hours, this is due to whales grabbing liquidity from overleveraged traders. Whales are hunting for this because they know that people get greedy on expected rallies or dumps.
I personally do not leverage trade and would caution those that do.
I still expect some sort of relief rally to come soon, but for now expect some volatility in this range. Local support at 29.2K and 28.6K. Resistance of 32.3K needs to be broken for a bullish relief rally to occur.
I personally do not leverage trade and would caution those that do.
I still expect some sort of relief rally to come soon, but for now expect some volatility in this range. Local support at 29.2K and 28.6K. Resistance of 32.3K needs to be broken for a bullish relief rally to occur.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.