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creating a bull flag. It's going to pump again.
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Market Update - Although Bitcoin moved back above $60k intrad-day yesterday, it is clearly struggling to reclaim the Daily EMA200 at $59.6k. A daily close above this and we can start to think about a move towards $62k/ $63k again. I am still interested in $55k if $59.6k continues to be rejected at daily closes. $BTC #Write2Earn #Residential_trader
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This image is a heatmap chart from Coinglass showing the liquidation levels and leverage in the BTC/USDT trading pair on Binance over a period of time (1 month). The X-axis represents the date and time, while the Y-axis represents the price levels of Bitcoin in USDT. - **Heatmap Colors**: The varying colors on the chart represent the concentration of liquidation levels at different price points. Darker shades indicate lower liquidation levels, while brighter areas indicate higher liquidation levels. - **Candlestick Chart**: Overlaid on the heatmap is a candlestick chart, which shows the price movements of Bitcoin over the same time period. - **Highlighted Data Point**: The tooltip in the image shows a specific data point: - **Date and Time**: August 21, 2024, at 02:00. - **Price**: $70,310.17. - **Liquidation Leverage**: 1.18 billion USDT. This chart is likely used by traders to understand where large liquidations might occur, which can influence price movements. $BTC #Write2Earn #Residential_trader
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Market Update - Bitcoin rejected from $65k heading into the weekly close and we are now seeing some more volatility. Yesterday I mentioned the 4 hour support and EMA8 in the $63.8k area- This held as support all weekend but was lost on the last 4 hour candle. A good reaction so far from $63k, but if BTC fails to reclaim $63.8k at the end of this 4 hour candle then I think we may still swee lower. Reclaim and we likely push $65k+ again. An incredible week of trading in the Premium Group last week, so now I will wait for the Monday range to develop and let's make this another great week! $BTC #Write2Earn #Residential_trader
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đ° If #Bitcoin gets above $70,500 Over $7,000,000,000 in $BTC shorts will be liquidated. The image is a "BTC Liquidation Heatmap" from Coinglass, showing Bitcoin (BTC) price action and liquidation leverage over a three-month period. The graph illustrates that if Bitcoin's price rises above $70,527.21, over $7 billion worth of BTC shorts (leveraged positions betting on the price going down) will be liquidated. The heatmap uses colors to indicate the concentration of liquidation levels, with higher liquidation levels highlighted in green and yellow, showing intense levels at the $70,500 mark. Bullish đđ $BTC #Write2Earn #Residential_trader
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