Hey Traders,
As you can see on the 4HR candles of BTCUSD (Bitcoin). Not only was there a massive liquidation, but there was a massive short squeeze. Approximately in the last 4 hours, near $40M shorts were liquidated. (20x-50x) Shorts. About $1-2B Market Value worth. Now on the divergence, the price has been going in a downtrend while the strength of the oscillator has been trending up.
As you can see on the 4HR candles of BTCUSD (Bitcoin). Not only was there a massive liquidation, but there was a massive short squeeze. Approximately in the last 4 hours, near $40M shorts were liquidated. (20x-50x) Shorts. About $1-2B Market Value worth. Now on the divergence, the price has been going in a downtrend while the strength of the oscillator has been trending up.