Bitcoin : The On-going Cycle of Stimulus & FUDs. Dec 4,2021Bitcoin : The On-going Cycle of Stimulus & FUDs. Dec 4,2021
Cascaded Liquidation
Liquidation
EURUSD 15M - SHORTPrices are in an overall downtrend, with positions running towards the higher timeframe liquidity lows.
In this setup, we are trading the H2 timeframe, with a 15m supply zone for us to work with. Use a lower timeframe confirmation schematic to take sells.
CHFJPY H1 - SHORTPrices broke structure on the daily, left behind a supply zone on the H1 for sells. Look for the transfer of weak into strong hands.
CADJPY H1 - SHORTSame target area in terms of liquidity lows but we have 2 structures to work with. Whichever that shows us the transfer of weak into strong hands, we take them.
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
Elevate Your Trading | How to Track Liquidity and How to TradeEver thought a price moves because it's on support level or below a resistance level? Or because your favourite indicators show a buy/sell signal and you want the price to see the same and move in you favourite direction? A Big No, dear. That simply won't happen...
The main gyrator of the market is "Liquidity"
What is liquidity?
Liquidity, in very simple terms, is where stops are. And that's (mainly) below relative equal lows or above relative equal highs... So you're now maybe thinking, "well, that's why I get stopped out just before the price moves violently in my previous direction.."
Exactly, that's it... Learn how to see where liquidity is resting and how to to become engaged in a good trade...
That's exactly what I want you to do...
And here is one lesson of many that I will post.. in addition to live calls when I see high-probability setups... I will turn your eyes to it...
Ther are a lot more to come, so don't forget to ▶️ LIKE ▶️ FOLLOW to keep updated with everything I post..
Let me know in the comments what you wanna be the second lesson on..
Good Luck&Be Safe
GBPCAD 15M - SHORT3 Step Process:
Determine your Higher Timeframe Bias
Look for Supply and Demand Zones
Confirmations by means of Wyckoff, Wedge, Channels, CHOCH, BOS, S&D Flip
AUDCHF H8 - LONGPrices broke out of structure on the daily timeframe, waiting for a pullback into the H8 demand to look for confirmations for a buy position.
AUDNZD 15M - LONGPrices broke out of structure on the H1, leaving behind 2 demand areas to get involved. Look for LTF confirmations for buys into LQ highs.
USDCHF 30M - SHORTPrices taps into a HTF structural supply zone, gave us the BOS on the H4 and now, we are definitely looking for sells onto newly created supply areas.
USDCHF H1 - LONGPrices broke out of structure on the H4 timeframe, leaving behind a H1 demand area to get involved. Simply look for the confirmations on the LTF by means of wyckoff and S&D flips to buy into liquidity highs!
AUDCHF 15M - SHORTPrices broke out of structure, leaving behind a 15m supply area to work with. Look for confirmations before you take the sells.
CADJPY 15M - SHORTPotential Entries after the shift in structure
1. Look for engineering of LQs
before the BOS
2. Otherwise, look for engineering
of LQs after the BOS, potentially
confirming this refined area using
the seconds timeframe
EURUSD 30M - SHORTPrices broke out of structure, leaving behind a supply area for us to get involved. If we can get a sweep off the highs, tapping into supply before the move down, we could take sells.
#Bitcoin #BTC : Nov. Correction (Liquidation) down to 50MA Daily#Bitcoin #BTC : Nov. Correction (Liquidation) down to 50MA Daily
at 80-90K Level - Date 20-30 Nov.
EURJPY H4 - SHORT POST ANALYSISPost analyis onto EURJPY H4.
Frame your bias on the higher timeframe
Allow the lower timeframe delivery of prices to show you the transfer of weak into strong hands by means of wyckoff
GBPCAD 15M - SHORTPrices taps into HTF poi, waiting for a clear indication for sell side moves. Wait for demand to fail before look for sells.
EURCHF 15M - SHORTPrices broke out of structure, leaving behind a 30mins supply area to get involved. We can see the engineering of liquidity leaving behind new supply areas for us to sell.
XAUUSD H1 - SHORTPrices broke out of structure, leaving behind a supply area to work with. Look for the shift in market structure as prices taps into the supply on the lower timeframe to get potential sell positions.
Quick summary of Bitcoin's journey in OCT and what's to come.So here is what happened in OCT, and why we went down (the truth behind the whale activity) and what to watch for. If we break these trends, it will tell us where bitcoin is going, and indicate how safe altcoins are.
Don't Fade Sh*tcoins when funding is ungodly! Please refer to this additional chart for reference (switching to binance SHIBUSD because coinbase went down soon after the squeeze) coinalyze.net
This analysis refers to the pump and short squeeze that occurred today on COINBASE:SHIBUSD and FTX:SHIBPERP from 0800 UTC to 1900 UTC OCT 27
Before 0800 UTC SHIB had just experienced a drop caused by long liquidations, it seemed to reset the funding rate but as seen on the coinalyze chart funding started to creep up again as price broke ATH at the psychological level of 0.00006
As price approached to the next psychological level of 0.00007 funding creeped to an incredible -0.05% funding rate, meaning longs were in profit and getting paid 0.05% to continue longing. This negative funding rate was a sign of the amount of shorts growing on FTX:SHIBPERP
Additionally around 1500 UTC SHIB flipped DOGECOIN market cap of $31billion.
It then begin to form a rising wedge from 1530 to 1855 UTC and this is where things got interesting...
2 catalysts played a major roll in the explosive short squeeze that followed at 19:00:
1. First catalyst was spot on COINBASE:SHIBUSD Coinbase exchange began to separate from futures price significantly. This backwardation contributed to the huge negative funding rate throughout the development of this wedge. Towards the end of the wedge spot price separated from futures price by 10% or more. This signified that the rally was being led by retailers buying spot rather than futures traders buying longs.
2. Second catalyst was the amount of shorts that kept growing without liquidations by futures traders. This was seen by the large increase in open interest during the wedge development while liquidations stayed eerily low yet funding stayed high.
The boom happened at 1855 UTC and this is my theory what happened... On twitter there was many large "assumed" whale accounts that were publicly stating they were shorting SHIB, so I assumed there were also other whales who had large short positions as well. Many people saw this wedge developing and therefore I assume set their stop loss or liquidation levels right above the wedge at just above ATH. However I don't think that is what triggered the wedge break...
What triggered the wedge to break up I believed was due to the funding payment about to happen at 1900 UTC. You could argue the break was inevitable but it was very coincidental that at 1855, with funding being at the highest of the hour, some whales on FTX (where funding is charged hourly) decided to close and cover their shorts to avoid the payment. This bumped the price up just enough to liquidate the first batch of shorts, skyrocketing spot price and triggering an upwards cascading liquidation event. Once the first batch of shorts cleared, futures price quickly began to catch up to spot price, and arbitration engines kicked into overdrive trying to level out the markets to Coinbase's spot price.
Shorts = Rekt
Now its Oct 28 0200 UTC and another wedge is developing, however, funding rates have "normalized" so we'll see if it triggers another leg up, or if the bears will win today.
