There was a Crypto Long leverage flush this AM. This wiped lot of high leverage positions and cooled down the funding rates across the board.
What's in it for me -
Thanks to these leverage flush, you have the best gift available to long the alt coins right now. 28.6 key level was taken in the flush and it is being reclaimed.
I will bet huge sums that this is not going below 28.6 again.
What trading system is this -
Things in this world trade to different bases.
Alts trade to BTC.
As you might have seen, I have other charts where I examine BTC to SPX.
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