Bitcoin traders are very, very long
The amount of leveraged long interest in 
BTCUSD is at a record high. There is a tremendous amount of Bitcoin on leverage betting on Bitcoin rising. This also means that there is a large potential for a cascade of liquidations if price begins a down move.
I put the probability at 50/50 up or down outside of this consolidation. The character of the breakout is something that I have the highest of confidence... it will be massive. The side with the greatest reward to risk at this point is the one that stands to trigger the most liquidations.
BTCUSD is at a record high. There is a tremendous amount of Bitcoin on leverage betting on Bitcoin rising. This also means that there is a large potential for a cascade of liquidations if price begins a down move. I put the probability at 50/50 up or down outside of this consolidation. The character of the breakout is something that I have the highest of confidence... it will be massive. The side with the greatest reward to risk at this point is the one that stands to trigger the most liquidations.
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Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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