Bitcoin / TetherUS
Viés de baixa

BTC - Mapping out a Liquidity Sweep

233
It’s of my opinion that Bitcoin has a lot of interest in recollecting this long position liquidity.

Per my previous posts we have some trendlines to support these zones being hit.

Likely? Who am I to have an opinion on that. The facts are that there is a mass amount of liquidity here and technical analysis patterns that support price reaching those zones.

The way this chart works is the multiple bottom locations of the first liquidity sweep wave correspond to a retrace location above in the same colour.

Ultimately I believe there is an interest in sweeping those ultra lows at 7-10k, albeit very briefly.

We know it will be fast and brief because:

1) Long stop losses are in the chart (leveraged sell orders)

2) Shorts will be opened on the way down creating leveraged buy orders to take price quickly back up

3) People will panic sell to make the drop even faster and respectively panic buy to make the return to upper zones even faster.

God speed and keep and open mind

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.