Whats happened to BTS on Friday?
And how you can win in the game when you can`t control situation and rules are changed constantly ?
-40% Loss in 2H
Part 1 Bulls Get Rekt
So wtf just happened that Friday ?
1 Chinese Arbitrage between exchanges
Well after the news of closing CN exchanges chineese starts to dump BTS and other alts..
2 Stop Loss Orders
Stop orders trigered when we brokes 2000
3 Long Positions Liquidations
When the price starts to fall, in order to protect your position you have to sell a bit
Example you opened long at 2800, your Luquidation price is 2350.
If you approach 2350 in order to protect you have to sell a bit so if you sell 10%
your new liquidation price would be 2050 for exemple ...
But on massive scale it just put`s Oil in the FIRE!!!
So people who went Long on Margin Trading and didn`t did this just was insta rekt by Margin Call illimination....
4 Bears Shorts....
And we have olso people who saw opportunity to Short.
PART 2 Bears Get REKT
Win Back 62.5% in 3 Hours
Well people who shorted BTS starts to closed they SHORT positions by buying so the price moves up and of course this epic bull reversal......
I went long on BTS because i really believe in this project and get rekt around 75% of my capital.
Catastrophe on my BANKROL, i am mad it`s just destroy me my dreams and my plans.
This market is so manipulated by whales and Chinese , and i loss my hope on it.
Personally it`s remember me some sort of Casino, where only BANK ( whales ) win..
What do you think ?
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