Thank you @Hamzatheinsider for the analysis where you mentioned that most traders are in short positions and would be first to get liquidated $BTC did exactly that.
Next plan, Hamza? Hamza: For now, avoid buys. There’s HTF liquidity above 96k and as i mentioned in $BTC HTF chart analysis, make sure to check that update is still valid.
Hamzatheinsider
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$BTC Liquidity Heat-map Analysis!
You can see a lot of liquidity above the range high 90k and below the range low 82k. Right now, most traders seem to be in short positions.
If $BTC wants to go up, it will likely pump first to clear those shorts. After that, price may drop to take the lows and then bounce back strongly in a V-shape.
If $BTC moves down first and gets a strong bounce, then price can move straight to the 92K level.
Guys this is a very important tip. Please don’t ignore it.
Yearly candle will close in just 4 days. At this time it’s better to avoid taking new trades.
If you already have open trades, keep your risk very low. - Risk only +0.5 - +1%% per trade max. - Even if all stop losses are hit, your total loss should be no more than 4-6% of your capital.
Right now, crypto market especially $BTC is very choppy and unclear. Taking random trades or guessing moves, especially in altcoins, is not trading. That is called gambling, and it’s not a good habit.
In the end choice is yours. Do what you understand and what fits your plan.
Protect your capital first. Learning comes before profit.
$BTC is currently ranging inside a range basically, range on top of range. This kind of “price action” is most choppy and messy. When this structure forms, it usually leads to a strong move afterward.
This phase is called accumulation. After accumulation, we often see manipulation, and finally distribution. Smart traders will understand what I’m pointing toward.
If you got the idea, let me know in comments let’s see how smart you are! 👇😄
You can see a lot of liquidity above the range high 90k and below the range low 82k. Right now, most traders seem to be in short positions.
If $BTC wants to go up, it will likely pump first to clear those shorts. After that, price may drop to take the lows and then bounce back strongly in a V-shape.
If $BTC moves down first and gets a strong bounce, then price can move straight to the 92K level.