BTCUSD Bitcoin - Short Sell - Longs hit extreme levels
Hi Traders,
Unfortunately many traders lost money during the Crypto crash but I was fortunate enough to be on the right side and made some profit.
myfxbook -> BitcoinWizard
Leverage longs hit extreme levels at the 44,000 area, there was a clear flat spot and a sell wall holding it below this level where the bulls went balls deep.
I think the market is now in shock and the leveraged positions are un-winding.
On Binance alone there has been over $2billion leveraged longs liquated.
I do not think this is the bottom
Unfortunately many traders lost money during the Crypto crash but I was fortunate enough to be on the right side and made some profit.
myfxbook -> BitcoinWizard
Leverage longs hit extreme levels at the 44,000 area, there was a clear flat spot and a sell wall holding it below this level where the bulls went balls deep.
I think the market is now in shock and the leveraged positions are un-winding.
On Binance alone there has been over $2billion leveraged longs liquated.
I do not think this is the bottom