đ Bitcoin Daily đ
NO RAID - NO TRADE. Easy to remember. Since no changes on the chart, today's $BTC review will be educational.
What does this phrase actually mean? It means that without hunting for liquidity, price has no reasons to reverse from current trend/choppy stage. Where is liquidity? It can be found where most stops are, plus add to this liquidations for leveraged positions that don't place stops. All those people flexing with 50-200x leverage - they are the first in the line.
đ·20x leverage: You use 5% margin. To liquidate, the price needs to drop ~4.5% from the entry.
đŻ50x leverage: You use 2% margin. Liquidation happens at ~1.8% drop from entry.
đ100x leverage: You use 1% margin. Liquidation occurs at ~0.9% price drop.
đ±200x leverage: You use 0.5% margin. Price needs to drop ~0.45% to liquidate.
So lets assume these guys took very very good entries on the last dip to ~66536. Those with 200x will be liquidated at ~66245, with 100x at 65950, with 50x at 65350 and 20x at 63600. Obviously those 100-200x with worse entries, who jumped in FOMO way higher, were already wiped out.
My weekend's forecast stay valid - 65500-66500 zone is the least we may expect. High chances for Day gap equilibrium at 64k.
