Last night, $BTC 79,722 — how did that killer wick feel?
I told you how this would play out ages ago: the long/short ratio was as high as 1.789. With longs that overcrowded, of course the big players were going to slaughter them! That wick completely wiped out the highly leveraged longs, and the retail trader ratio plunged to 1.52. Retail traders are lining up on the rooftop, while the whales are feasting behind buy walls of over 600 coins below 80,000. That’s what you call a textbook case of “building a bottom on the blood and flesh of retail traders.”
The shakeout is over, and the shorts have been drained of fuel. I’m done playing defense in this round — I’m making a one-way bet on 【the bottom is in, V-shaped reversal and breakout】! Next stop: the 83,300–83,500 resistance zone.
$BTC
I told you how this would play out ages ago: the long/short ratio was as high as 1.789. With longs that overcrowded, of course the big players were going to slaughter them! That wick completely wiped out the highly leveraged longs, and the retail trader ratio plunged to 1.52. Retail traders are lining up on the rooftop, while the whales are feasting behind buy walls of over 600 coins below 80,000. That’s what you call a textbook case of “building a bottom on the blood and flesh of retail traders.”
The shakeout is over, and the shorts have been drained of fuel. I’m done playing defense in this round — I’m making a one-way bet on 【the bottom is in, V-shaped reversal and breakout】! Next stop: the 83,300–83,500 resistance zone.
$BTC