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kazimusman

BTC liquidity concept explained

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
kazimusman  
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
We have seen in the past that whenever BTC price dumped hard, it consolidated for some time and then re visit the dumped wick area to consume the remaining liquidity (limit buy orders). It happened in Feb, April, May(not mentioned in chart but you can see), and also in September dump. So I believe BTC will re visit the 42k-40k zone to consume remaining liquidity and then we can expect a bounce back towards 50k.

Disclaimer: Not a financial advise. This is purely for educational purposes.
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