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Man-chr
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68000 is the next liquidity trap for $BTC I hope everyone is having a lovely Monday. As we can see on the heat map there is a lot of money sitting at the 68000 area. I believe today we can see the price go to that area due to the fact that we had a bullish engulfing daily candle close yesterday. As for me i have a small long position from 66000 which I didn’t give as a signal due to the fact that the risk of it being a bad idea was quite high. I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $BNB $XRP #ICP #GALA #LUNA #BNBChain

68000 is the next liquidity trap for $BTC

I hope everyone is having a lovely Monday.

As we can see on the heat map there is a lot of money sitting at the 68000 area.

I believe today we can see the price go to that area due to the fact that we had a bullish engulfing daily candle close yesterday.

As for me i have a small long position from 66000 which I didn’t give as a signal due to the fact that the risk of it being a bad idea was quite high.

I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work.

$BNB $XRP #ICP #GALA #LUNA #BNBChain

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Market Manipulation or Just Liquidity Sweeps? $BTC As the price retraces from the 70,000 area, I'm eyeing the support level around 68,000. If the price reaches this level and shows rejection, indicating a bounce to the upside, it could signify a simple break of structure and a continuation of the uptrend. In such a scenario, I'll consider taking another long position if the break of structure happens. My other trade closed in profit around the 70500 area. It’s sudden drops like this that get people emotional and uncertain of what is going on and of course the retail traders that will try to tell you that it will go to ZERO !! On another note as we can see on the heat map there is a lot of liquidity sitting at the areas of 68000 and 72000 accordingly. So the sudden fall is probably just a liquidity sweep and i think that we will go to 68000 first to clear out all the late long positions and then head up to 72000 either today or tomorrow with the start of London session. I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $ETH $SOL #ICP #xrp #BTC #BOME
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Update on my $BTC post. ! All longs are gradually exiting the market as we can see on the heat map. The weird thing is that there is still some money sitting at the 60000 area which is concerning as to how low the price could go. ! As of now i will stop all my positions with 2 being in profit and $RUNE being our only loss this week. As for BTC i have buy positions (spot) ready at 60000 and 58000 if we deep that low in the weekend or if Greyscale continues selling 😂 I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $SOL #HotTrends #BNBChain #BOME
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Dead zone on $BTC With yesterday’s post I explained that 62000 and 68000 are the zones to look out for due to the liquidity sitting there. As of now and as you can see on the photo there are no money sitting lower until the 64000 area so from 66000 to 64900 is a dead zone. On the opposite we can see that there are millions sitting on the 68000 area which is think will be hunted today when the new York session begins. Also i closed my long on BTC with some good profit and still hold a small long position on $RUNE I want to thank all my followers who tipped me and help me create good and educational content for them. Always trust in analysis. #HotTrends #BNBChain #BOME #BTC
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Key points to look out for on $BTC As of now all the liquidity sitting around 66000-65000 got swept. Now there are two major areas to look out for one being 62000 and the other being 68000. People are sizing up longs and shorts like crazy right now so you wouldn’t want to come in the middle of this gunfire. My system gave me a signal to go long when we touched the 64700 mark and i entered long on it. Also i got a signal on $RUNE when it reach 8.450 which i am a bit sceptical about. Anyhow i hope you have a wonderful day with your trading and remember to always trust your analysis. $XRP #HotTrends #ETH #BOME #crypro
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$BTC update So yesterday’s plan was to wait for a retest of the 66000 support/resistance and if i saw any rejection i would have entered short aiming for the 61-60000 support. I was monitoring it all night and it didn’t show any sigh of rejection so I didn’t enter. Thats why i always say trust your system, my system just saved me from a loss. Anyhow now that BTC managed to close the daily candle above my support i will wait for a break and retest scenario But i have to say that there is not too much liquidity sitting around like other times because retail traders are confused as to where BTC will go. Today or tomorrow i am anticipating a re touch of the 68000 area if we continue like this. $SOL $XRP #HotTrends #BOME #BTC
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