Picture in the comments
with enough liquidation power and spoofing this might be a good short entry
If we break 9100 which has big sellwalls and a bearish selling pressure we could test 9240 and even further if that triggers enough liquidations. short term top would be the channel top of the blue zone.
I can only publish the 15 min chart but there is a 1 min version in the comments to take a look!
Price made it back into the blue parallel channel but is facing the resistance above! No trades until theres a clear direction for me.
This is a similar pattern to what the stock market is seeing right now. We could see a fomo rally to the levels of the upper Megaphone channel but i expect a sharp selloff if it cant be broken. Bearish pre halving is that we cannot reach the top and sell off from here because imho i see the miners pushing the price up to sell btc at as much profit before their...
Looking at the Heatmap on tradinglite i can see some big orders on Bitmex at 7576, if we dont hold that theres some more support at 7480 for the short term. We got sellwalls above on Binance at 7800, 7900 and 8000 at around 500BTC each. We also have alot of really big buy walls around deeper levels so some might anticipate a drop to retest previous lows. No...
Relief rallies seem to retest prior lows... doesnt mean we have to go sub 5k, some whales that anticipate this might try to frontrun and set orders above 5k so set up some different entries. No trading advice!
There was actually no price increase from yesterday although it might seem like it but the futures contract simply expired and reset the price! Oil sees huge selling pressure because they knew due to the non existing demand though the Corona shutdown. They kept producing oil knowing there would be a supply shock. Since the new contracts started at 25$ i think...
We are still in a Bear Market but the Reaction Rally/Recovery Uptrend we are experiencing is only natural, considering the Liqidation Pressure that was brought upon the Price through overleveraged Positions getting wiped out left and right. Imho we are now moving in a fair value bearish trend where we are not oversold anymore and are testing some of those newly...
We have seen that play time and time again. Dont use high leverage as these exchanges trade against you. With more kyc/aml this year and a potencial stablecoin prohibition we will hopefully see fewer manipulation and stablecoin brrrrrrr. Trade save, this isnt financial advice.
Made this one for personal use but feel free to use it.
Bitcoin seems to move below the critical resistance and was rejected again. Stocks futures are red already and i think this day will test BTC agian. - Slope about to turn red - RSI broken to the downside, negative momentum - Wolfback ID in negative territory with room to the downside If we drop today i see some support at 5450$. No financial advice, trade carefully!
- Rsi broke trendline to the downside - Wolfpak id shows doubletop while price was rising - Hash ribbon is is still in the red an no sign of a buy signal in sight - Rising wedge broke to the downside but this could be a fakeout as we have seen time and time again No financial advice trade carefully bros!
looks like shorts got squeezed, might be good for a little short opportunity
I see a brutal downtrend with the upcoming liquidity crisis in the private households. Money is going into food and general supplies and i doubt the 1200 free bux are gonna pump anything. Monthly Rsi looks bruuuutal No capitulation occured because theres still too much hopium and too many people waiting to buy lower Once a large scale move from fiat to bitcoin...