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$BTC Liquidation Heatmap 2024 July 3rd. Go ahead and short if you're crazy :p Hard longing here.
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This is $BTC now, after liquidating all the positions in between 63k and 60k. I'm simply buying. 58k might come; 56k might come, and I'll buy more. However, even for trading purposes, the dump is close to over.
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$WLD and $HIGH are very very close to their bottoms.
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🐂 NEWS for $WIF $BONK and $PEPE With BTC and ETH showing signs of strength, the news for meme coins alike is good. This post shows Liquidation Heatmaps (LHs) and should be paired with other indicators to make sense. It's a piece of evidence that should be aligned with other pieces of evidence before taking a position. LHs show Market Permissiveness at a given moment. WIF, shown in the first image, is not currently looking so good for a rally, given the extensive liquidation gap between $3.3 and $2.7. It will surely move towards the upside if BTC decides to rally further, but when compared to other memecoins, it surely is showing less permissiveness for a rally than for a dump. Thus, I'd be inclined to short #Wif , even. As for BONK, the picture is a lot different. As seen in the second image, there is much more room for rallies than in WIF, and while retracement to $0.000021 is possible, unlike WIF, a rally will be much more supported. Finally, for PEPE, one of the most supported if not the most supported memecoin ever, the liquidations favor even more the bulls. Just take a look at the third image! There is much more room for rallies than in BONK and WIF, and this fuel should be consumed once the price reaches $0.000013, so beware once that happens. I'd definitely long PEPE.
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🐂 NEWS FOR $APT $SUI AND $SEI With BTC and ETH showing signs of strength, news for APTOS, SUI, and SEI is good. This post shows Liquidation Heatmaps (LH) and should be paired with other indicators in order to make sense. It's a piece of evidence that should be aligned with other pieces of evidence before taking a position. LHs show Market Permissiveness for a movement. Currently, APTOS shows a lot of permissiveness for rallies, with several strong liquidation points above the current price. Keep in mind the price might retrace to $6.6 to account for the lower liquidations before increasing to harvest the upper liquidations. There is surely a lot of room for rallies, and I would personally consider DCAing #Aptos . As for SUI, shown in the second image, a similar scenario exists. A lot of room for rallies all the way to $0.91, but also the possibility for retracement toward $0.76 given the liquidity found below. APTOS looks better for longs, personally. Finally, for SEI, there is a strong pull towards the upside, especially $0.37 and $0.35. Beware of that point over $0.33 though, as it shows permissiveness for retracement before the rallies start. SEI looks better than SUI, worse than APTOS.
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