Nov. 21 at 11:47 PM
$BTC.X All the late comers to the
$SPY and
$QQQ rally over the past 2 years are getting margined out across the board. Newbie traders are getting wiped out.
The Bitcoin sell off is also related to aggressive margin calls. A lot of traders get 10 to 20x margin so they are now getting smashed.
Long story short. Many traders just blew up their accounts in the last 3 weeks.
I am aggressively buying Bitcoin at these levels. Finally we have a healthy pullback at the expense of thousands of traders.
Always follow cycles. Be prepared and buy corrections! I also bought the
$QQQS today!