Look at the weekly chart of bitcoin. (I am not invested in this btw, just practicing my analysis)
2 weeks ago, price finally had a week of extremely high volume which closed at the lows.
This gave me a clue that some big traders have likely cashed out and there should be further correction in the upcoming months.
I am not sure how many people will be killed if they are overly leveraged on their positions, but I will not be surprised if bitcoin goes back to around $1900.
2 weeks ago, price finally had a week of extremely high volume which closed at the lows.
This gave me a clue that some big traders have likely cashed out and there should be further correction in the upcoming months.
I am not sure how many people will be killed if they are overly leveraged on their positions, but I will not be surprised if bitcoin goes back to around $1900.
