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WilsonOmulimisa
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Bullish
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The mighty Bull run is around the corner.
#BTCđ„đ„
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WilsonOmulimisa
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There is what we call *Bullish traps* and *Bearish traps*. It can happen at the same time in the market. A bear trap in trading refers to an illusion which leads traders into believing that a downward trend in an asset or market may soon reverse, creating an opportunity to buy. The term bear trap refers to its ability to trap traders who enter bullish positions prematurely at what appears to be trend reversals. Bull traps occur when there is a temporary halt or reversal in an upward price movement in assets or markets, creating the false impression that it might start declining (become bearish). Traders may mistake this dip as an opportunity to sell off holdings or take short positions, in anticipation of sustained downward movement. *In both scenarios Billions of dollars are whipped from the market*. *Lesson*: It's only Spot trading with Royal Q which can save you from this because of its ability to enable traders to execute trades with Margin calls. *The Royal Q Robot is built with an AI ability to automatically employ the DCA (Dollar Cost Averaging) technique during a down trend* Good night. đ€ Kekekeke.
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Great investment deal is here thanks to @Mbeyaconscious for the post.
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The Mighty Bull run is around the corner. check out my post on the #BTC dump which happened on 14th/11/2023.
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#BTC price drops, $90 million in open interest wiped out amid jitter over spot #BTC ETF window closing. Bitcoin price has dropped almost 5% on Tuesday to lose the $35,500 level as crypto markets grow anxious ahead of November 17. The move has seen $119.246 million long positions liquidated with a $90 million drop in open interest for BTC. Altcoins have also been wiped out, recording $194.57 in total altcoin liquidations amid immense selling pressure. November 17. $BTC #BTCRally
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BREAKING: Bitcoin price crashes 8% wiping out $1 billion in open interest. Bitcoin price peeked past the $38,500, wiping out $1.56 million shorts, but a 4% correction has seen $17 million longs liquidated. Shorts were squeezed and now longs trapped, with both sides effectively caught off guard, leading to around $ 1 billion in open interest wiped out. It comes a day after Bloombergâs James Seyffart reinvigorated the market with prospects of a spot BTC ETF approval within eight days. #BTCRally $BTC
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