In our latest analysis (BTCUSDT.P: Liquidation of Highly Leveraged Longs) about ranges we had concluded that high leveraged longs would be liquidated, this was due to the belief of the indicators (cdv, volume footprint, etc.) that there were buyers.
However, the lack of buyers in the current picture is a big problem, the data currently says so, but the data is not stable, it can change, you can follow this from volume footprints, cumulative delta volume, liquidation heatmaps. If you do not know how to use these, you can visit my profile, you can contact me, I explain how I use all these tools completely free of charge.
My opinion today is that the price will sell nicely from the red line and the decline will deepen, and everyone who follows me knows that I have been repeating this opinion since $103,000.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
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