BTCUSD is the Ultimate Machine for making Losers

BTCUSD is the Ultimate Machine for making Losers

1) This down wave with breaking down below the 22/Nov low attracted a new portion of sellers. “OMG! BTC is going to hell, I need short this right now!”
Where that portion of bears tends to put their SLs?

2) Right. Here.

3) That is why we got up move with target … Where?

4). Right. These green clusters represent the triggering of sellers’ SLs above round number 7400. By making losers from described sellers, market lost big portion of interest in moving further upwards. That is why we have some sliding down today.

What is next?

5) testing high-volume 7100 level. Some minor bullish impulse can follow.

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