*drawdown
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A big position filling longs != The long entry will be the bottom. Big positions use little to no leverage, and can afford some drawdwon, they're not looking to "snipe."
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Theoreticlly the position filling longs could get so big that it has exhausted all bears. In this case, the big position’s long would be a local bottom.
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This price is 6310 on finex.
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Short squeeze only happens if we reverse soon after filling the gap at around 36987.6774 for btsusdShorts. If not consider it a wrap for longs
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Correct, if they’re defending spot positions, curious that the previous obvious iceberg consolidations involved break outs however. They could also be leveraged.
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I have this wet dream of starting non-leveraged long with small amount from the bottom or shorty after the bottom. How would you do it?
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Fair comment. For smaller traders, you could build a larger position with low/no leverage, then increase leverage to release funds (reduce risk) as it price rises (or falls, if short), raise/lower stops.
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For those who don't know, != is a command in coding that means not equal to
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