BTC Update https://www.tradingview.com/x/mHbLIYwM/ Currently | TycheLAB.com

BTC Update

https://www.tradingview.com/x/mHbLIYwM/

Currently trading at 42k with an earlier flush down till 30k on spot & 28k on leverage exchanges.

There are multiple reasons for a flush so deep, which we will discuss in detail in today's Youtube video.

For now it looks like we're filling the volume gap of this region 38k-48k.
Some sideways action before running back to 60k region and higher.

This flush down has taken down most of the high leverage longs, irrespective of the entry. These Lev longs were a problem for the markets to continue pushing higher, hence taken out.

No casualties on the trader's desk (API accounts) although we took some hit on personal accounts and that's why we didn't update on channel yesterday. All looking good for now and climb back up continues.

Thanks and Regards,
Abhijeet Anand