Bitcoin (BTC / USD) Today 3.17B Liquidation of leveraged positions. Wait for the closing to define a strategy.
The average key of 200 daily chart periods.
We will see
Today 3.17B of leveraged positions were liquidated on the exchanges.
Another way to get bitcoin exchanges, by investors who take a risk with a bullish bitcoin.
I am sorry for all the people who have lost their money in their leveraged positions.
Investors continue to buy Bitcoin at these prices and withdraw them from Exchange wallets. Today almost 2,173 Bitcoin
This is giving us a clue that it may be a short squeeze and the 200-period MA could define it.
If the day ends with a candle breaking lower, the 200-period MA, daily chart, it would be very risky to enter the purchase of Bitcoin. I could continue correcting
If the day ends with a candle breaking higher, the 200-period MA, daily chart, could be a confirmation that it was a short squezze and that in a few days it could recover the previous values
What is your opinion. What do you think will happen to the price of Bitcoin?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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