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Today, the price of Bitcoin crashed lower in overnight trading as the price fell over $1,000 in under 1-minute! Over the last week, I have discussed similar charts to Bitcoin’s current setup, that showed what a long liquidation would look like, and we have confirmation that over $500 million in liquidations happened, with many wondering why did Bitcoin crash? Essentially, stop losses get triggered, and liquidations of portfolios happen when the price moves too far, and this creates automatic selling by algorithms. Hence, price tumbled in 1-minute as all the algos sold Bitcoin immediately, also leading to altcoin liquidation. This is common in these situations. Now, the question is if we will see a short liquidation, and the price surge to the upside. Join me in this video as I review the discussions from the past week and the Bitcoin crash.
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20 Comments
Thanks for the video. It’s my favorite video of the day that I look forward to. The only bad thing is, it’s too short 😄. Looking forward to the next one.
Loving the fish tank by the way 👌
Bruh we’re going to 10-12k you’re still too bullish- people have to get demolished that’s when you know it’s time to buy and bottom is near
1
#HELLOone and only fortune teller 🔮
Thank you always!!!! BLOCKCHAIN BACKERRRRRRR!!!!!!!!🙏
Can I recommend “I believe in a thing called love” by The Darkness if you want a fun challenge?
"liquidate them to the upside!" love it
You called it!!! This is our chance to increase position in XRP. Bcbacker handing out the playbook. Let’s goooooo!!!
Don't want to manage 2 fish tanks? Hahaha…what are you gonna do when those fish have babies? Thx as always for the video!
Liked for the taste in music 🤌
thank you!!
🤔 why 40k that's not even over 50%🤷🏻♂️ that's below .618. so don't you think it will even get to its .702 before it rolls over?
Thanks brother
This time we felt better and relax
GBYAYF
10k and 400
Try Pneuma by Tool. Danny Carey drum can. He'll make you throw your drums away
Man, didn't know your musical taste was this good! I love Deftones. Also congrats on keeping the fish alive LOL
As always on point man 💯 Well done BCB
Just waiting and watching whilst everyone else is panicking, why is that you ask… because we have BCB… that’s why 🙌🏻🙌🏻🙌🏻🚀🚀🚀
You drum? That’s awesome
Your all videos are really upto the mark
Love from india🇮🇳❤️🇮🇳