MichaelWallat

How low can it go??

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BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
OK, so they've built longs from 37.140 and they haven't ever left money on the table since I've been watching. My guess as of now is that they reclaim atleast 50% of the yellow box which are longs they haven't come back for yet. They may keep going and sweep the lows but we'll just have to see when we get there. What I think they're going to do is make it look like they want to put a new low in and reverse it suddenly on everyone and take up all the shorts. Around 40 is my guess, they may even crack 40, go to 39.5 induce shorts then reverse course and take out ALL the shorts. From there I think we see 45k but we're getting a bit ahead of ourselves so lets just see how far BTC dips here...

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