The stream is recorded, I discussed why we witnessed this du | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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The stream is recorded, I discussed why we witnessed this dump, Also discussed BTC and ETH. 
You can watch the replay here. 👇

CRYPTO MECHANIC

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[Replay] 🎙️ Why Everything Crashed | Will Market Recover?

01 h 05 m 17 s · 3.4k listens

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

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-5.42%

ETH

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-6.77%

8.1k

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Bitcoin has already filled around 70% of that Friday wick, shouldn’t really be a surprise. We’ve talked about this “wick fill” scenario in almost every live stream, and I even uploaded a video explaining it. We are now entering an important zone. From a trading perspective, There is no good trade yet but if we look at next few weeks. I think its good price. Lets see what we get.

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I took advantage of the excited bulls by selling my coins. Looks like the bears are getting a little too excited now.

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Bulls have been getting punished for a week now. Last Friday, over $19B in positions got liquidated (maybe even more). For the past 3–4 days, we’ve seen almost $1B in daily liquidations and even today, another $1B worth of longs got wiped out. I don’t think bears will keep getting this free ride for long. I could be wrong but this is what i think.

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Another $1B Day

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