Bitcoin price continues gearing up for advance as they short trades arebeing liquidated.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC Sunday
Bitstamp 4-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
Price action continues looking favorable to our long trade.
OKCoin Futures Liquidation
The screenshot immediately above is of an OKCoin forced liquidation that happened shortly after the last push higher on 9 Sept. Right-click on the image, open it in a new tab, and prepare to be shocked.
I’m not posting this to mock the trader or to celebrate that loss. My reasons for posting this are four-fold and serve as a reality check and by way of learning from others’ mistakes (rather than our own!):
1) to show that these things happen. It is an astonishing amount of money that was lost by the trader and went into direct ownership of