Bitcoin Head and shoulder pattern played out
We could call this pullback to its origin of dump an Stop Loss Hunt. in this case the upside move needs to be retraced back down and even some more dumpage has to happen (likely to happen)
Around 24.4 theres around 6000M liquidation cluster which I think its in play
If it continues up there is a possibility for 30K to happen ( less likely)
There was some high leverage that has been removed with the pump and liquidity to the upside is kinda empty
Thank you for watching
We could call this pullback to its origin of dump an Stop Loss Hunt. in this case the upside move needs to be retraced back down and even some more dumpage has to happen (likely to happen)
Around 24.4 theres around 6000M liquidation cluster which I think its in play
If it continues up there is a possibility for 30K to happen ( less likely)
There was some high leverage that has been removed with the pump and liquidity to the upside is kinda empty
Thank you for watching
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.