$BTC
Market proved to us again today, by taking the stop losses at $18.5k, that all that matters is liquidity.
Stop hunt, take the liquidity and bounce 📝
But.. is this a reliable pump? How far can it go?
(Yesterday vs Today's orderbook)
Market proved to us again today, by taking the stop losses at $18.5k, that all that matters is liquidity.
Stop hunt, take the liquidity and bounce 📝
But.. is this a reliable pump? How far can it go?
(Yesterday vs Today's orderbook)
Daily candle will close with a long wick.
The wick fill strategy gives me a lot of confidence that we'll see $18k again.
At least 50% of the wick will get filled.
The wick fill strategy gives me a lot of confidence that we'll see $18k again.
At least 50% of the wick will get filled.
You can see in the orderbook image (tweet n.1) that there is a lot of liquidity at $18k that they didn't take with this move.
And we analysed in the Sunday's update that most of the liquidity at $18k is liquidations (1month tf).
$21B worth of long liquidations currently.
And we analysed in the Sunday's update that most of the liquidity at $18k is liquidations (1month tf).
$21B worth of long liquidations currently.
So yes, from my point of view there are enough reasons to bring price back down to $18k again soon.
But how far can it go up before coming back down?
$5.7B worth of short liquidations at $20.5k (7d tf) makes it an important reversal price zone imo but it might not get that far
But how far can it go up before coming back down?
$5.7B worth of short liquidations at $20.5k (7d tf) makes it an important reversal price zone imo but it might not get that far
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