Pump incoming, liqudation monsters are back at it!
Hi friends,
I hope you had a heart attack free weekend and didnt catch corona virus yet and didn't get you leveraged positions liquidated by that 1k$ drop we saw on BTC/USD and even heavier on other cryptos and will enjoy my childish like pseudo TA drawings.
What could be going on in the market?
The liquidation monsters are back! their pattern is the following:
1. Pump up the price a lot, sometimes during 24h, sometimes in the course of a few days, the trigerring liquidation of over leveraged margin traders positions causes big orders to go through nicely, no slippage
2. Drop the price, triger liquidation of over leveraged margin traders positions, the trigerring liquidation of over leveraged margin traders positions causes big orders to go through nicely, no slippage
3. Let's wait a bit until we release some of these monsters again?
My prediction:
I guess another one of these monster forms, to form such a monster we will likely see a pump of about 500$ as the next big move! How about a long long position, after the price increased 500$ I would take profit!
* this is no investment advice, I advise to trade in testnet
I hope you had a heart attack free weekend and didnt catch corona virus yet and didn't get you leveraged positions liquidated by that 1k$ drop we saw on BTC/USD and even heavier on other cryptos and will enjoy my childish like pseudo TA drawings.
What could be going on in the market?
The liquidation monsters are back! their pattern is the following:
1. Pump up the price a lot, sometimes during 24h, sometimes in the course of a few days, the trigerring liquidation of over leveraged margin traders positions causes big orders to go through nicely, no slippage
2. Drop the price, triger liquidation of over leveraged margin traders positions, the trigerring liquidation of over leveraged margin traders positions causes big orders to go through nicely, no slippage
3. Let's wait a bit until we release some of these monsters again?
My prediction:
I guess another one of these monster forms, to form such a monster we will likely see a pump of about 500$ as the next big move! How about a long long position, after the price increased 500$ I would take profit!
* this is no investment advice, I advise to trade in testnet
Comment:
No words, just wow, hard dump today, totally killed the chances of a pump, I was wrong