🔴 BTCUSD All bloggers promise growth, but let's try to look at it from a different angle.
Right now we are seeing a “rebound.”
Each time an important level is hit, either up (resistance) or down (support), the market reacts with a move to the opposite side, in this case a "price jump" or "bounce."
➖ How we do know if this is just a bounce instead of the start of a new bullish wave?
The trading volume gives it away... There is no volume.
And of course, the market movers (whales/exchanges) will definitely liquidate the SHORTs before producing a new low.
You see, Crypto is deposited into the exchange.
You use this Crypto to buy stuff.
When this Crypto sits around on the exchange wallet, they take this money and loan it out and you get something... Sometimes, if you are in the earn program if not, they make money on your money and that's ok but the problem is that now the market turns.
➖ If you are trading spot, the value of your Cryptos can rise or fall —nothing happens; just wait.
➖ If you are using margin or leverage, your entire account can be gone.
That's why there is a move up before going lower, because the whales want money... And many people use too much leverage; now, that's their fault.
We are not going to single out whales and exchanges, everybody is working to make money, that's the final goal.
The reason why these people get liquidated is not because billionaires are evil, but because their leverage is too high, we are talking about 15X, 20X, 25X etc. In truth, 1-2X first and then we use a little more. Anything higher without years of planning can be called gambling, but i don't know. I am not a gambler so I can't really say, I only read the charts.
I've been around "leveraged trading" and if you are not a professional, it is very likely that you are fooling yourself and wasting money as you go.
