Further to my previous recent post, I wanted to highlight two indicators that accurately present us with liquidity on the BTC chart.
Connecting the pieces of the puzzle of this prediction - this ABC correction pattern allows the market to absorb the Long position liquidity left in tact on the chart.
Since these long positions leave a trail of leveraged sell orders (stop losses) - we should expect a mass chain reaction of these orders setting off one into the next, with increasing speed and momentum of the drop.
We do not need a black swan event for this to occur. The orders are already in the chart to allow it to happen, as an adverse consequence to open interest and open traders positions during the last 2 years.
There is many confluences to support this correction pattern, if interested in learning more, see my previous posts on Trading View.
Enjoy!
Connecting the pieces of the puzzle of this prediction - this ABC correction pattern allows the market to absorb the Long position liquidity left in tact on the chart.
Since these long positions leave a trail of leveraged sell orders (stop losses) - we should expect a mass chain reaction of these orders setting off one into the next, with increasing speed and momentum of the drop.
We do not need a black swan event for this to occur. The orders are already in the chart to allow it to happen, as an adverse consequence to open interest and open traders positions during the last 2 years.
There is many confluences to support this correction pattern, if interested in learning more, see my previous posts on Trading View.
Enjoy!
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.
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.