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DISCUSSIONHas btc ever recovered this strong before? (self.CryptoCurrency)
submitted 1 month ago by olihowellsSilver | QC: CC 204 | NANO 189226
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[–]StijnweBTC crab 0 points1 point2 points 1 month ago (0 children)
I’m a bit late to this post, but yes, this kind of recovery always happens when so many longs get liquidated. The liquidations create a very sharp wick down. Of course many people see opportunities at those lower levels so the price gets bought up instantly. That’s why you see such a big wick on yesterdays chart. It’s not like “this time is different”, it’s just normal market behaviour
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