Bitcoin Price Advance Building Pressure

Bitcoin Price Advance Building Pressure

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Bitcoin price continues gearing up for advance as they short trades arebeing liquidated.

This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC Sunday

Bitstamp 4-Hour Candle Chart

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From the analysis pages of xbt.social, earlier today:

Price action continues looking favorable to our long trade.

OKCoin Futures Liquidation

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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

Read more ... source: TheBitcoinNews

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