BTC/USD, Technical Outlook, Edition #137 (30/10/2021)

Mass liquidation in Bitcoin 💀 Over USD 500 million of over-leveraged exposure wiped from the books - will the remaining positions survive extinction? Find out in tonight's loaded technical report 👇

Bitcoin cleans the house with Mass Liquidations

Bitcoin consolidates and liquidates more than USD 500 million worth of over-leveraged positions.

This type of volatility is usually a precursor for the next big move. 

Is Bitcoin destined for fresh new highs - all the way to the promised lands - or will speculators soon discover themselves to be knee-deep in a game of Nuketown


First, Q commences with a birds-eye view of the most recent daily price action of the BTC/USD pair.


Bitcoin, BTC/USD - Daily (D1)

Daily price action seemingly composes songs of a plentiful harvest ahead - so far, so good...

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