$BTC update:
Last week's projection played out and 2 out of the 3 liquidity pools are now recovered
Now, this doesn't mean that we'll go to the third liquidity pool straight away and we could see a bounce here
That's why we're going to zoom in and analyse the charts again
1)
Last week's projection played out and 2 out of the 3 liquidity pools are now recovered
Now, this doesn't mean that we'll go to the third liquidity pool straight away and we could see a bounce here
That's why we're going to zoom in and analyse the charts again
1)
In this image, we can see in the 7 days time frame heatmap liquidations how they've hunted $5B worth of liquidations at $19.2k.
Liquidations acting as a magnet again...
Liquidations acting as a magnet again...
This chart shows the current cumulative liquidations levels
At this moment, there are $13B worth of short liquidations at risk.
We'll see a move up to liquidate these positions but they can still drop the price to the last liquidity pool below to increase the short liquidations
At this moment, there are $13B worth of short liquidations at risk.
We'll see a move up to liquidate these positions but they can still drop the price to the last liquidity pool below to increase the short liquidations
So we could say that what the MM has archieved with this move was:
To hit key long liquidations levels at the same time as retail short liquidations were increasing.
This sets up the next move to liquidate the short positions.
To hit key long liquidations levels at the same time as retail short liquidations were increasing.
This sets up the next move to liquidate the short positions.
In HTF (1 month time frame) we can see a lot of liquidity between $20.6k and $21k.
So that would be our first target after they clear out all long positions.
So that would be our first target after they clear out all long positions.
Open Interest gaps tend to get filled too.
There are 2 important gaps:
$19k
$19.7k
There are 2 important gaps:
$19k
$19.7k
In the $BTC chart we can see a long wick in the 4h tf that should get filled before any trustable move to the upside.
If we move up from here, keep in mind that price will come back to the wick.
There is also a new liquidity pool above current price created with this fast drop.
If we move up from here, keep in mind that price will come back to the wick.
There is also a new liquidity pool above current price created with this fast drop.
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