Square Ups
Square ups refer to the idea that when price action moves too fast for traders to really execute enough trades inside a particular range to support the current price action. To prevent catastrophic reactions, exchanges will often take the other side of trades in order to keep the order book flowing reasonably. When this occurs and price action keeps moving in one direction, exchanges can end up in the red themselves on positions. Sometimes immediately, sometimes a year later, but almost always (90%+) of the time, price action will return to these levels so that exchanges can “square up” their books and ensure they don’t lose profits while maintaining liquidity and reasonable price action in the eyes of retail traders.

The following Matrix Room was recorded on July 24th, 2019. In it, Scott talks about the square up trades on the big 3 and the market structure on various charts related to those potential moves. He also discusses the alternative possibilities.Timestamps

TIMESTAMPS
0:00:48 *Introduction
0:02:30 *WTC/BTC
0:06:32 *XLM/BTC
0:07:12 *OMG/BTC
0:08:19 *NEO/BTC
0:08:59 *MCO/BTC
0:09:40 *ICX/BTC
0:10:21 *BTC/USD
0:25:16 *ETH/USD
0:34:38 *BTC/USD
0:37:17 *BTC/USD compared to LTC/USD
0:42:48 *Big 3 side by side comparison
0:46:34 *ETH/USD
0:54:38 *DXY
1:00:21 *Mo Time
1:07:24 *Scott Returns
1:08:29 *ARK/BTC
1:09:39 *ARN/BTC
1:09:41 *BNB/BTC
1:10:41 *FSN/BTC
1:12:27 *REN/BTC
1:13:29 *SKY/BTC
1:14:09 *UKG/BTC
1:15:18 *WABI/BTC
1:16:36 *WTC/BTC
1:17:09 *XHV/BTC
1:17:31 *ERD/BTC
1:18:00 *AGI/USD
1:18:34 *XVG/USD
1:18:39 *END

Matrix Room recording from July 25, 2019 where Scott talks more about the potential for square ups in the market currently.Timestamps:

TIMESTAMP
0:01:33 *Introduction
0:01:39 *AAPL
0:03:27 *TSLA
0:04:36 *WAN/BTC
0:06:04 *AION/BTC
0:07:00 *AGI/USD
0:07:23 *AION/USD
0:07:35 *WAN/USD
0:08:06 *WAN/BTC
0:08:38 *TRX/BTC
0:09:18 *TRX/USD
0:09:50 *THETA/BTC
0:10:28 *RFR/BTC
0:10:36 *REN/BTC
0:11:29 *QTM/USD
0:18:24 *LTC/USD
0:25:16 *ETH/USD
0:31:44 *Scott digs into ETH/USD to look for square ups and he discusses the potential next steps based on BTC and the market conditions
0:34:03 *LTC/USD
0:34:34 *Scott looks at the LTC square up and discusses the psychology of a potentially volatile move
0:35:13 *BTC/USD
0:43:45 *EUR/USD
0:47:31 *Mo Time
0:51:22 *MGI
0:52:43 *NFLX
0:53:59 *WTC/BTC
0:56:01 *XLM/BTC
0:56:09 *OMG/BTC
0:58:13 *LRC/BTC
0:58:50 *IOST/BTC
0:59:10 *ICX/BTC
0:59:34 *FET/BTC
0:59:39 *ETC/USD
1:00:02 *ETH/USD
1:00:37 *EOS/BTC
1:01:03 *BTC/USD
1:01:24 *BNB/BTC
1:02:18 *ETH/BTC
1:04:38 *END