After large liquidations took in 30600 and 30800 zone, market makers will decide the new movement. Now there' s an important liquidation at 31K and even larger liquidation at 30K.
Most of high leveraged longs will be liquidated in 32K area, so 31K may be the direction.
But... #btcusdt made bearish pattern SHS in STF and had weakened. In LTF, #btcusd price has been forming a greater SHS too. If 32K will not be crossed permanently, this will happen with a GREAT dump season of weeks.
And.. There' s even larger and larger long liquidations under 30K. 25K and 23K have billions dollars of liquidations. I don' t think market maker don' t want to miss these profits. But it will take time, don' t expect everything to happen in a day. It will take weeks.
Finally, there are huge GAPs at both 20250 and 36K zone, so i expect a HUGE VOLATILITY incoming weeks. If #btc captures 32 33K zone permanently with weekly closings , the dump scenario will be invalidated. If i were the market maker, i would dump to take the treasure chest under 30K area. So, i wouldn' t be too greedy these days. Just a friendly warning.
NOT FINANCIAL ADVICE. DYOR and have a nice week.
Most of high leveraged longs will be liquidated in 32K area, so 31K may be the direction.
But... #btcusdt made bearish pattern SHS in STF and had weakened. In LTF, #btcusd price has been forming a greater SHS too. If 32K will not be crossed permanently, this will happen with a GREAT dump season of weeks.
And.. There' s even larger and larger long liquidations under 30K. 25K and 23K have billions dollars of liquidations. I don' t think market maker don' t want to miss these profits. But it will take time, don' t expect everything to happen in a day. It will take weeks.
Finally, there are huge GAPs at both 20250 and 36K zone, so i expect a HUGE VOLATILITY incoming weeks. If #btc captures 32 33K zone permanently with weekly closings , the dump scenario will be invalidated. If i were the market maker, i would dump to take the treasure chest under 30K area. So, i wouldn' t be too greedy these days. Just a friendly warning.
NOT FINANCIAL ADVICE. DYOR and have a nice week.
