This chart shows levels at which people entered short and the levels at which they liquidate using 10x leverage on BitMEX
Blue boxes short entry
Red boxes liquidation level
Volume profile indicator seen on the left was used to determine this.
WHITE - BUY VOLUME GREY SELL VOLUME
Life is full of coincidences right? Look at how quick liquidation levels are reached after shorting the bottom Then look how quickly the price drops again afterwards.
Still think trading contracts on BitMEX is a good idea?
The indicator is only available with a trading view subscription If you don't already have one, please use my referral link. Click the link then go to sign up.
If you noticed the Dynamic RSI indicator at the bottom, Yes it indicates buy and sell levels and supports alerts. For more info please head over to this Telegram channel for details on how to obtain. t.me/cryptorhythms
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.