BTC - Why a Mega Drop is Possible / Likely
I will explain why a massive drop on bitcoin is not only likely - furthermore it is possible we hit 10,000 and at very fast speeds.
The red blocks shown on my chart feed the price down this bearish trend line we are underneath.
Those blocks are high leveraged LONG STOP LOSSES.
These are massive limit orders to SELL that have not filled until price passes down below the current level.
We have limit sells in place like a chain reaction with no gaps in between - all the way to 10,000.
Why FAST?
These stop losses are leveraged orders - meaning a trader with a $100 long using 100x has a SELL ORDER for his entire position size - or $10,000 - which is impacting the price by that amount when it’s filled / triggered.
We can leverage the SPEED AND POWER of bitcoins movement as well.
WHY THIS MEANS NOTHING TO BITCOIN.
The price of BTC is very fluid. It can move down and up all within a day and means nothing to the fundamentals.
This is only the impact of FUTURES AND STOP LOSS ORDERS on price movement.
The red blocks shown on my chart feed the price down this bearish trend line we are underneath.
Those blocks are high leveraged LONG STOP LOSSES.
These are massive limit orders to SELL that have not filled until price passes down below the current level.
We have limit sells in place like a chain reaction with no gaps in between - all the way to 10,000.
Why FAST?
These stop losses are leveraged orders - meaning a trader with a $100 long using 100x has a SELL ORDER for his entire position size - or $10,000 - which is impacting the price by that amount when it’s filled / triggered.
We can leverage the SPEED AND POWER of bitcoins movement as well.
WHY THIS MEANS NOTHING TO BITCOIN.
The price of BTC is very fluid. It can move down and up all within a day and means nothing to the fundamentals.
This is only the impact of FUTURES AND STOP LOSS ORDERS on price movement.