BitcoinShort
BTC LIQUIDITY HEATMAP
Updated
Non financial advice.
The liquidity heatmap shows there is a huge volume of liquidations under 50k (around 50500 to be more precise).
BTC has being testing the square for some time on the search of stable price, it has tested both limits so and seems not able to scape from the last trendline so a pullback seems possible.
For me the question is, if its not able to break the trend, what seems more possible right now, a bounce over 53k, or pullback to the zone of 49-47k.
We can also see a huge volume of liquidations around 47k, which can act as magnet.
Everything we are going to se depends on how BTC hold the line on 50500, if it goes under, I will place my buys around 47k.
The liquidity heatmap shows there is a huge volume of liquidations under 50k (around 50500 to be more precise).
BTC has being testing the square for some time on the search of stable price, it has tested both limits so and seems not able to scape from the last trendline so a pullback seems possible.
For me the question is, if its not able to break the trend, what seems more possible right now, a bounce over 53k, or pullback to the zone of 49-47k.
We can also see a huge volume of liquidations around 47k, which can act as magnet.
Everything we are going to se depends on how BTC hold the line on 50500, if it goes under, I will place my buys around 47k.
Note
Seems 50500 keeps acting as show-stopper for the momentNote
Down-trend broken, seems bullish atm.Lets watch out 52000k, its a resistance and its important to be broken
Note
Bounce on the 51250 tendline.IMO he should try now the top of the box at 53000
Note
Btc pump day. Reached 52450 in 30 mins.As talked, if we get out from the supply zone box, what means beak 53000, we will probably receive another pump.
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