Huge manipulation incoming in
$BTC Read the post if you want to profit from this.
Market manipulation is a constant in every market; it's unavoidable. This weekend, we observed that both long and short positions have reached a 1:1 ratio of liquidation, at 1.41B and 1.48B respectively, a scenario we haven't seen in quite some time.
This indicates that traders and investors were uncertain about Bitcoin's direction. Although it's the weekend, it doesn't say that market makers are also resting, as the crypto space is never sleeps.
What does this mean to us?
So, there's a higher chance to price entering those zones.
Here's one of the possible scenarios:
Market makers will initially target either side of the liquidity, creating a wick just above the short liquidity zone and possibly a wick below the long liquidity zone.
Will the price break through? It's unlikely. Why? Because to do so would require a whale, who is currently sleeping and sipping wine in their penthouse...
What about me personally? Since I don't like surprises, I would stay away from current market. At least wait till Monday.
But if you willing to take the risk, you might place your order above short liquidation zone and/or below long liquidation zone. Please note that price will likely reject those in those zones so your order might not be filled. If you want a higher chance for your order to be triggered (and riskier aswell), you might want to enter above or below the green outlined zone instead.
As always, please trade responsibly.
Be safe, Godspeed.
#MiaCanalyst #MOUZEAnalyst $BTC